04.03.2019 (Haas): Introduction, modeling objectives, overview of model types
11.03.2019 (Auer): Overview - objective functions, solution approaches, modeling of energy policy instruments, scenario building
18.03.2019 (Haas): Introduction to econometrics, econometric demand models
25.03.2019 (Haas / Perger): Continuation - econometric demand models (cross-sectional / time-series analyzes), exercise 1
01.04.2019 (Perger): Linear optimization: theory and introduction to source-code development (Matlab)
08.04.2019 (Perger): Continuation - source-code development (Matlab) incl. LP/MILP example in energy economics, exercise 2
29.04.2019 (Auer): Dual / primal optimization model
06.05.2019 (Fleischhacker): Another example in energy economics: power plant dispatch (incl. consideration of duality), exercise 3
13.05.2019 (Auer): Nonlinear optimization
20.05.2019 (Auer): Dynamic optimization
27.05.2019 (Auer): Selected examples in energy economics - nonlinear and dynamic optimization, exercise 4
03.06.2019 (Auer): Application of dynamic optimization - theory of optimal resource depletion (fossil, renewable)
17.06.2019 (Perger / Auer): Discussion of exercises
24.06.2019 (Perger): written exam
The overall grade (100% of the total achievable points) consists of 2 parts:
50% of the total points can be achieved from the 4 exercises that have to be worked out and delivered during this course. The number of points per exercise can vary and will be announced at the presentation of the exercises.
50% of the total points can be achieved in the written exam at the end of the semester. This written exam consists of 5 questions (10% each), the vast majority of these questions being simple (arithmetical) examples, using the basic principles of econometrics and optimization.
IMPORTANT:
BOTH in the exercises AND in the written exam, HALF of the number of possible points must be achived in order to get a POSITIVE overall grade of this course. It is not enough to achieve a total of more than 50% of the possible total points of this course, but less than 25% in one of the two parts.
In this course great emphasis is put on understanding the basic principles in modeling in general and in econometrics and optimization in particular.
In the written exam, a non-programmable calculator is allowed, but not mandatory. The (arithmetic) examples are designed in such a way that the determination of extensive quantitative results is not in the foreground. Rounding of results is allowed / desired.
The following documents are available for download on TUWEL:
- Script: Energy modeling and analyzes
- ppt slide set per lecture/unit
- Several necessary documents in the context of the exercises (research questions, MATLAB files, submission)
- In general, no special knowledge is required
- Analytical thinking and willingness to learn autonomous source-code development in MATLAB must be present
- There should be interest in interdependences in energy economics
- Physical attendance in this course is HIGHLY (!) recommended; not least to better understand the theoretical background/methodologies and to avoid misunderstandings in the excercise tasks and delivery rountines
