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Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The 12-week Energy Resources, Economics, and Environment program is suitable for undergraduate or postgraduate students in Energy Systems Engineering. This is a multidisciplinary elective course in the humanities and social sciences category, where candidates will familiarise themselves with the necessary skills to undertake macro-decision-making for society. While the training features IIT Bombay’s faculty members, it also entails several trained teaching assistants.
Following the course structure at IIT Bombay, the Energy Resources, Economics, and Environment training have a systematized syllabus that teaches about vital tools needed for economic analysis. Candidates will also learn about measuring the impact of energy systems. Instructors teach this by reviewing available energy resources and learning how to quantify their scarcity and depletion.
The Energy Resources, Economics and Environment online course discusses basic economic concepts and how to apply them to energy systems. Candidates will learn about the tools and procedures for project economics related to large-scale decisions. The course wraps up with fundamental concepts of environmental and welfare economics required to analyze energy systems and their environmental effects.
The Highlights
- Postgraduate/undergraduate level
- Elective course
- Online studying for 12 weeks
- Social sciences and humanities category
- Multidisciplinary learning
- Skilled instructor and teaching assistants
- External proctored examination
- An initiative of the Ministry of Education, Govt. of India
- Live interactive sessions
- Course by IIT Bombay
- FDP training approved by AICTE
- Digital certificate
Programme Offerings
- free enrollment
- 12 in-course assignments
- External proctored exam
- Online mode course
- Course in English
- elective course
- Multidisciplinary training
- Interactive online sessions
- E-certificate
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Bombay |
- Enrolling in the course is free.
- The Energy Resources, Economics, and Environment certification fees apply only to the candidates who wish to receive the course-end certificate. The total fee is Rs. 1,000/- only.
Energy Resources, Economics and Environment fee structure
Course Title | Total fee |
Energy Resources, Economics, and Environment (audit only) | Free |
Energy Resources, Economics, and Environment (with certification) | Rs. 1,000/- |
Eligibility Criteria
Candidates do not require any prerequisite knowledge to join the Energy Resources, Economics, and Environment program.
Certificate Qualifying Details
Moreover, 75% of the proctored exam score with 25% of the best eight assignments’ scores are considered the final marks to receive the certification. Candidates must maintain an average assignment score of 10/25 or above and 30/75 or above for the final exam. Only after acquiring a final score of 40/10 or above will the student receive the certificate.
What you will learn
By completing the Energy Resources, Economics, and Environment certification syllabus, students will have understood the following:
- Tools mandatory for economic analysis
- Techniques to quantify exhaustion and scarceness of resources
- Basic economic concepts and applying them to energy systems
- Methods and tools for project economics related to macro-level decisions for business/individual/society perspective
- Welfare and environmental economics, their basic concepts and impact on the environment
Who it is for
The Energy Resources, Economics, and Environment program is intended for energy systems engineering students at the postgraduate level. Undergraduate students of electrical, chemical, and mechanical engineering may also opt for the course.
Admission Details
Step 1. Enrol yourself in the Energy Resources, Economics and Environment training by reaching Swayam’s website: https://swayam.gov.in/.
Step 2. To participate in the course, tap the ‘Sign-in/Register’ option to either login or start your Swayam account.
Step 3. Provide all the details on-screen to create your ID. Select ‘send verification code.
Step 4. Fill in the verification code sent to the provided email ID and click the ‘Verify Code’ option.
Step 5. Finish enrolment by choosing the ‘Create’ option.
Application Details
To enrol for the Energy Resources, Economics, and Environment by Swayam, create an account by entering the password, username, and email address or log in if you have an existing profile. There are no mandatory application forms to register for the course. You may also use your Facebook/Microsoft/Google ID to log in.
The Syllabus
- Energy Flow Diagram
- Global Trends in Energy Use
- India and World- Disaggregation by supply
- End-use
- Energy and Environment
- The Kaya Identity
- Emission Factor
- Energy and Quality of Life
- Energy Inequality
- Energy Security
- Introduction to Country Energy Balance assignment
- Energy Economics - Simple Payback Period
- Time Value of Money- discount rate
- Criteria for Assessing Energy Projects –(Net Present Value (NPV)
- Benefit/Cost Ratio (B/C)
- Inflation
- Internal Rate of Return (IRR)
- Resources & Reserves Growth Rates in Consumption
- Estimates of Duration of Fossil Fuels
- McKelvey Diagram
- Peak oil
- Hubbert’s model
- Materials used in renewable energy (Kuznets Curve, Betting on the planet, Simon’s Change)
- Non-Renewable Energy Economics (Hotelling’s Rule)
- Preferences and Utility
- Utility and Social Choice
- Public and private goods / bads
- Demand curves
- Externalities
- Financing Energy – Debt/ Equity- Sources of funds
- innovative financing models
- Input-Output Analysis
- Primary Energy Analysis
- Net Energy Analysis
- Examples
- Energy Cost of Energy
- Life Cycle Analysis of Bioenergy
- Net Energy Examples
- Energy Policy
- Energy Policy Examples
- Practice problems solution
Evaluation process
Candidates must fill registration forms and provide the examination fees when the form URLs are opened. For more details about the exam, they must check the exam registration form.
Students must attend the exam in-person at the designated center for the Energy Resources, Economics, and Environment online course. Swayam will conduct this test on 24 April 2021, through a morning and afternoon session. To obtain certification, candidates must maintain a minimum 30/75 score in the examination, and 10/25 or more in their program assessments. If they score 40/100 without fulfilling those two criteria, Swayam won’t provide certificates.
Instructors
IIT Bombay Frequently Asked Questions (FAQ's)
Prof Rangan Banerjee from IIT Bombay is going to instruct the course.
The candidate’s name, final exam score, break up, and his/her photograph is mentioned on the certificate. Additionally, the certification also has the IIT Bombay and NPTEL logo.
No. Candidates will only acquire e-certificates.
Course dates can be checked on the website https://onlinecourses.nptel.ac.in/noc21_hs54/preview.
Candidates must acquire a minimum score of 30 on 75 to pass the final exam.