Master of International Affairs   Master of Public Policy  

Energy economics

The global energy system is undergoing the deepest transformation of its history, driven by decarbonisation, decentralisation and digitalisation: new technologies from solar photovoltaics to batteries and the internet of things reshape how electricity is produced, transported, traded and consumed. Wind and solar energy are at the centre of change. Understanding this revolution requires understanding the deep links between electricity systems and technologies, economics and markets, and regulation and policy. For the future of the global energy system, and hence the future of our climate system, understanding the technology and economics of wind and solar energy is maybe the single most crucial piece of knowledge.

Good energy policy requires a sound understanding of the fundamental physics and economics as well as the institutional and legal framework that shape power systems and markets as well as the broader energy system. The goal of this course is to equip students with this knowledge. The focus of this class is on economics and markets; to a lesser degree it covers technology.

This course is for 2nd year MIA and MPP students only.


  • Lion Hirth , Assistant Professor of Governance of Digitalisation and Energy Policy