The objective is to introduce various tools used to build economic analysis, and decision-making. Two main approaches are introduced: Cost-Benefit Analysis and simulation models. The main principles of each method will be discussed, following the objective that students will be able to implement them in their job.
Course outline:
Part I: Cost-Benefit Analysis
• Chapter 1: Introducing CBA
• Chapter 2: Valuing benefits and costs in primary markets
• Chapter 3: Valuing secondary markets
• Chapter 4: Benefits and costs in future time periods
• Chapter 5: Dealing with uncertainty, expected values, sensitivity analysis, and the value of information
• Chapter 6: Shadow prices from secondary sources
Part II: On the energy scenarios: How to produce them? To use them? What are their limits?
• Chapter 1: Introduction on prospective and scenarios methods
• Chapter 2: The energy transition in France