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PhD by Research in Energy Economics

Graduates from this PhD programme by research will be able to:
A. Knowledge and Understanding

At the end of of the research students should possess skills to:
A1. Critically examine the background literature relevant to the energy economics field;
A2. Develop skills in making and testing hypotheses, in developing new theories, and in Planning and simulation energy economics solutions;
A3. Carry out technical and economic assessment of off-grid, mini-grid and grid connected power generation systems (i.e. conventional and non-conventional power generation technologies);
A4. Carry out technical and economic assessment of power transmission and generation systems;
A5. Develop analytical skills required to apply results of economic analysis in the energy sector, to assist in both policy and regulatory decision-making;
A6. Understand the basic tools for financial analysis, including basic accounting principles, as well as principles of financial management;
A7. Understand the risks associated with the energy sector and be able to apply the risk management tools available to mitigate them;
A8. Understand the theoretical and practical perspectives of individual and industrial demand for energy, energy supply, and energy markets and carry out energy modelling to determine energy supply and demand.
B. Cognitive/ Intellectual Skills/ Application of Knowledge
At the end of the PhD programme students should be able to:
B1. Review research work within energy economics systems domain;
B2. Apply the knowledge to carry out technical and economic assessment of solar photovoltaic, wind, geothermal, biomass, waste-to-power, Biogas, Micro and pico-hydroelectric power systems, as well as mini and large hydroelectric power systems;
B3. Use applied microeconomic models to assist in policy, regulatory and long-term investment decision-making;
B4. Apply knowledge gained to solve the practical issues in the energy sector related to financing of joint ventures, project finance, infrastructure finance, public-private partnerships (PPPs) and privatization;
B5. Manage the risks inherent in business transactions in the energy sector
B6. Apply knowledge in developing renewable energy, energy efficiency and climate change policies for controlling emission;
B7. Acquire sufficient knowledge and techniques to be able to analyse the relationship between macroeconomic factors and energy sector issues.

C. Communication/ICT/Numeracy/Analytic Techniques/Practical Skills
At the end of the PhD programme students should be able to:
C1. Develop practical research skills and learn new state of the art techniques used in Energy economics research;
C2. Carry out research work of high international standards that advances the of knowledge and application related to energy economics;
C3. Identify and assess the need for innovation, and initiate and contribute to innovative Energy economics projects that can be applied to the society;
C4. Critically analyze complex electrical power systems and give a specific problem based solutions;
C5. Use software development environment to simulate energy economics systems Solutions;
C6. Use the analytical techniques and steps involved in carrying out technical evaluation and economic assessment of energy systems;
C7. Effectively communicate the results of the analysis to enable policy makers and power system planners;
C8. Use empirical techniques to explain micro-economic concepts, and how these are used in the energy sector to solve practical problems;
C9. Carry out and publish results of financial analysis of energy sector projects and communicate the results to stakeholders;
C10. Manage the major risks associated with energy trading and in other energy sectors;
C11. Develop Renewable energy and energy efficiency policies.

D. General transferable skills
At the end of the programme students should be able to:
Disseminate and publish research results through recognized channels, including scientific workshops, conferences, and journals within energy economics field;
D2. Participate in research discussions and research collaboration internationally on scientific topics within energy economics field of specialization;
D3. Efficiently disseminate scientific research findings within the community and outside, to the research sphere for inter-disciplinary cooperation for increased visibility;
D4. Communicate scientific research outputs among the relevant stakeholders and Energy economics research community;
D5. Contribute to the development of scientific knowledge, scientific methods, and energy economics based methods and their application in society;
D6. Explain the key analytic steps used in technical and economic evaluation of power system projects;
D7. Use the application of the analytical methods to large new projects, smaller rehabilitation/retrofitting projects, and use knowledge to assist in policy analysis;
D8. Undertake independent research/problem solving and present the results at international energy conferences, and also publish papers in international journals;
D9. Have the skills in identifying the links between theory, policy, and practice;
D10. Provide support on project evaluation as well as policy and regulatory advisory services on public-private partnerships (PPPs);
D11. Model energy demand for different end-users including the industrial sector for policy and regulatory decision making;
D12. Work with macroeconomic models to produce results which can help to solve practical policy and regulatory problems in the energy sector.

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