a.
Knowledge and Understanding:
1-
Identify economic principles related to energy resource classification, energy markets and institutions for selected resources such as petroleum.
2-
Observe the rationale behind the use of energy.
3-
Comprehend the importance of using economic theories in determining optimal price and use of different types of energy resources both in the current period and in the long run.
4-
Show sound knowledge of the role of energy towards economic and social development, the different energy policies both locally and globally.
5-
Understand simple mathematical, verbal and diagrammatic methods of analysis.
6-
Investigate alternative economic policy responses.
7-
Recognize the importance of research in understanding microeconomics in the real world.
b.
Intellectual Skills:
1-
Subdivide concepts such as opportunity cost, equilibrium and incentives in evaluating the allocation of resources in energy supply and the reduction of harmful emission.
2-
Analyze empirical data, policies, concepts, arguments and theories.
3-
Link energy economics with other social branches to facilitate the decision making process.
4-
Articulate understanding through independent reading, group discussion and written communication.
5-
Interpret key economic principles to various practical and policy issues.
6-
Examine different microeconomic data analysis techniques in analyzing and interpreting international economic phenomenon such prose, tables, and graphs.
7-
Be able to assess the role and impact of government intervention.
c.
Professional and Practical Skills:
1-
Conduct economics models along applicable for the energy market.
2-
Contribute in decision making by acquiring important skills in numeracy, literacy, and information processing.
3-
Conduct profitability and cost-benefit analysis evaluations to analyze energy.
4-
Use both qualitative and quantitative skills in solving economic problems.
d.
General and Transferable Skills:
1-
Experience with conceptual frameworks effective for problem solving and decision making.
2-
Acquire analytical reasoning skills, numeric and clear effective communication skills.
3-
Test the ability of students to work under pressure and as part of a team.
