Energy Economics And Policy

By Prof. Shyamasree Dasgupta   |   IIT Mandi
Similar to many other branches of applied economics, energy economics emerged with therealization that “energy” is a scarce resource. This course covers the economic principles that guide energy related behavior of both the producers and the consumers of energy and the policy regime that has emerged to govern it. The course has four building blocks: understanding energy as a scarce resource, various aspects of energy demand and supply with a focus to policies that are in place to promote renewable energy supply and finally, a much needed discussion on interaction between energy, environment and climate change. The course aims at broadening the vision of students while making any energy related decision as a technology developer, energy manager, entrepreneur, policy maker, researcher in future or simply for personal energy use in day to day activities.

INTENDED AUDIENCE:  Primarily the graduate students working in the area of energy economics and energy policy domain. This course will also be useful for general audience
PREREQUISITES: Any foundational course in Economics
INDUSTRY SUPPORT:  Power sector; energy consulting firms; renewable energy production units, policy makers

Learners enrolled: 1730


Course Status : Ongoing
Course Type : Elective
Duration : 8 weeks
Start Date : 14 Sep 2020
End Date : 06 Nov 2020
Exam Date : 20 Dec 2020
Enrollment Ends : 25 Sep 2020
Category :
  • Humanities and Social Sciences
  • Energy Systems
  • Energy and Environment
  • Level : Undergraduate/Postgraduate
    This is an AICTE approved FDP course

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    Week 1: Energy as a resource; classification, measurement and accounting 
    Week 2: Energy Demand-Part I- Analyzing past, present and future demand
    Week 3: Energy Demand-Part II - Demand Side Management, policies and behavioural issues
    Week 4: Energy Supply- Part I – Economics and policies of non-renewable energy supply  
    Week 5: Energy Supply- Part II –   Economics of electricity supply and renewable energy and related policies   
    Week 6: Energy Market
    Week 7: Special topics on energy, environment and climate change - Part I
    Week 8: Special topics on energy, environment and climate change - Part II


    1. Bhattacharyya, Subhes. C. (2011).Energy Economics: Concepts, Issues,Markets and Governance. Springer.London, UK. (Selected chapters)
    2. Stevens, P. (2000). An Introductionto Energy Economics. In Stevens, P.(ed.) The Economics of Energy, Vol.1, Edward Elgar, Cheltenham, UK.
    3. Selected contemporary journal articles


    Prof. Shyamasree Dasgupta

    IIT Mandi
    Prof. Shyamasree Dasgupta is an Assistant Professor at the School of Humanities and Social Sciences in Indian Institute of Technology Mandi. She is an economist by training. Her teaching and research interest remains in the area energy, environment, climate change and sustainable development. She obtained Ph.D and M.Phil in Economics from Jadavpur University, Kolkata,India with SYLFF Fellowship. She is a member of several active academic/research networks including International Association of Energy Economics, Indian Society for Ecological Economics, The Indian Econometric Society etc. She was a contributing author in the Industry chapter of IPCC AR 5.


    The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
    The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
    Date and Time of Exams: 20 December 2020 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
    Registration url: Announcements will be made when the registration form is open for registrations.
    The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
    Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


    Average assignment score = 25% of average of best 6 assignments out of the total 8 assignments given in the course.
    Exam score = 75% of the proctored certification exam score out of 100

    Final score = Average assignment score + Exam score

    YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

    Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Madras .It will be e-verifiable at nptel.ac.in/noc.

    Only the e-certificate will be made available. Hard copies will not be dispatched.

    Once again, thanks for your interest in our online courses and certification. Happy learning.

    - NPTEL team