Economy of Energetics: Plan and sell a powerplant!

General description

Come to this energizing event in Prague!

Are you ready to spark your curiosity and power up your understanding of energy economics? Join us for an electrifying journey into the fascinating world of energy systems, economics, and business!

This course will provide an introduction to the economy of energy, starting with the fundamental principles behind how energy is generated, distributed, and consumed. From nuclear to renewable energy sources, we’ll explore the financial, environmental, and technological factors shaping the energy sector today. We will gain insight into the key differences between energy sources and learn how markets, policy, and innovation influence energy choices worldwide.

But don’t worry—this isn’t just about theory! You’ll have the opportunity to apply your knowledge in practical sessions designed to explore real-world challenges, such as analyzing energy costs and balancing incomes and expenses. We will learn basics of project management, finding and running business in the context and energetics with fun and engaging activities.

However, this isn’t just about learning—it’s also about connecting. Join participants from across Europe in the beautiful, historic city of Prague. You’ll make great friends, experience Czech culture with the locals, and walk away with skills and memories that will last a lifetime.

So, why wait? Power up your knowledge and be part of the energy revolution!

Academic information

Fields of activity:

Economics/Business Administration/Marketing , Electrical/Electromechanical Engineering , Electronic/Electrotechnical Engineering , Environmental Engineering , Power Engineering

Content and topics:

Introduction to economics and basic economic concepts Principles of business and cost management Economic aspects of energy production and distribution Introduction to investments and returns in energy projects

Learning goals and objectives:

Understand basic economic principles and key concepts, such as supply, demand, and cost management. Learn about the principles of business and how they apply to energy production and distribution. Grasp the economic aspects of energy production, including generation, distribution, and infrastructure costs. Simulate trading electricity on the energy market, including demand and supply dynamics. Learn about innovation in the energy sector, from small-scale businesses to large corporations. Engage with professionals to understand how energy companies function, from project design to market operations.

Examination type:

Written exam or project

ECTS credits issued:

1.0

Information for applicants

Selection criteria:

Motivation letter, answers to the required questions. Show us your creativity!

Practical arrangements

All of the following are covered by the event fee:

Lodging:

Dormitory or hostel near the university

Meals:

We will provide 3 meals a day, at least one hot, cooked by the organizers or school canteen.

Transportation:

Public transportation via. metro, tram, train or bus, tickets provided by organizers. Bus or train to the weekend trip location. Prepare you legs and feet for walking as well.