Fundamentals of Energy System Analysis
- Course Introduction; Fundamentals of Microeconomics; Concepts of Market and Demand; Demand Curve; Supply and Supply Curve; Market Equilibrium; and Key Concepts in Equilibrium Analysis
- Concept of Elasticity; Price Elasticity of Demand, Income Elasticity of Demand, and Elasticity of Supply; Production Function
- Fundamentals and Concepts of Macroeconomics; Gross Domestic Product (GDP); Further Discussion of GDP and the Concept of Energy Intensity
- Problem-Solving and Review of the Topics Covered; Introduction to Sustainable Development; Principles of Sustainable Development and Their Relationship to Energy
- General Characteristics of Residential, Commercial/Service, Industrial, and Transportation Energy Systems; Introduction to the Reference Energy System (RES) Diagram and Its Application in Energy Systems Analysis
- Introduction to Energy Balances, Their Principles and Objectives; Review of Existing Energy Balances, Challenges and Trends, and Their Relationship to Sustainable Development
- Completion of the Energy Balance Topic; Introduction to Sankey Diagrams and Examples; Basic Familiarization and Hands-on Practice with Sankey Diagram Software
- Solving Selected Exercises and Sample Examination Questions; Review and Summary of the Topics Covered in the First Part; First Midterm Examination
- Fundamentals of Engineering Economics; Introduction to Present (P), Annual (A), and Future (F) Values; Application of Engineering Economy Factors, Use of Interest Factor Tables and Interpolation; Problem-Solving Using Engineering Economy Factors
- Introduction to the Uniform Gradient (G) and Solving Examples Using Engineering Economy Factors; Present Worth Analysis, Including Present Worth of Costs (PWC), Present Worth of Benefits (PWB), and Net Present Worth (NPW)
- Problem-Solving Using the Present Worth Method; Annual Worth Analysis, Including Equivalent Uniform Annual Benefits (EUAB), Equivalent Uniform Annual Costs (EUAC), and Net Equivalent Uniform Annual Worth (NEUA)
- Rate of Return Analysis, Including Rate of Return (ROR), Minimum Attractive Rate of Return (MARR), and Internal Rate of Return (IRR); Problem-Solving Using the Annual Worth and Rate of Return Methods; Sample Questions and Review
- Solving Selected Exercises and Sample Examination Questions; Review and Summary of the Topics Covered in the Second Part
- Further Discussion of Relevant Organizations and Institutions; Credits and Financing Facilities; Introduction to COMFAR Software and Its Application in the Economic Evaluation of Projects
- Introduction to International Institutions and Organizations Related to Climate Change; Climate Change Agreements and Conventions; Introduction to Energy-Related Frameworks and Models; Course Summary