Economic evaluation of nuclear power plants

Lecturer:

Radovan Starý (gar.)

Tutor:

Radovan Starý (gar.)

Supervisor:

Department of Nuclear Reactors

Synopsis:

The course focuses on the economic evaluation of Nuclear power plants. Introductory lectures are concerned with an introduction to economy and the basic component parts of microeconomics. Lectures continued with insight into the business and managerial economics, explanation of the concepts of incomes, expenses, etc. and their applications in electrical energy resources evaluation. Second part of lectures is focused on evaluation of nuclear power plants - the fuel cycle and operations of NPP

Requirements:

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Syllabus of lectures:

1. Introduction to Economics

Range: 1 lecture,

Lecture topic:

Introductory lecture - introduction to the topic, explanation of basic concepts. Difference between economy and economics, macroeconomics vs.. microeconomics.

2. Introduction do Microeconomics

Range: 3 lectures

Lecture topic:

Market and the basic elements of market. Supply and demand, balance of the economy. Total, average, fixed, variable and marginal costs and revenues. Consumer behavior and pricing. Perfect and imperfect competition. Examples of imperfect competition, monopoly and oligopoly. Price and price adjustment.

3. Business economics

Range: 3 lectures

Lecture topic:

Property and capital construction of business. Revenues, expenses and income of operations. Earnings and relationships between basic economic variables of the company. Break-even point analysis, operating and financial leverage. Investment activities and methods of valuation of investments and assets. Examples.

4. Pover system economics

Range: 4 lectures

Lecture topic:

Supply and demand of electricity, and the typical annual

and daily pattern of consumption. Fixed, variable and external costs of various power sources. Designing of electricity supply curve - shifts in electricity supply function. Examples from selected power market. Examples of price adjustment.

5. Economics of nuclear power plants

Range: 3 lectures

Lecture topic:

The fuel cycle of nuclear power and its evaluation - The extraction, conversion, enrichment, fabrication. Distribution of the cost their comparison with other sources. Volatility of annual use. Examples.

Syllabus of tutorials:

There are no exercises, only a discussion about practical examples by lecture topics.

Study Objective:

Knowledge: Understanding the basic themes of microeconomics and business administration. The orientation in the differences between the assessment of particular power sources. Knowledge of methods of energy trading. Understanding the economic evaluation of the fuel cycle and NPP operation.

Skills: orientation in the matter, application of new knowledge in other couses in the field of nuclear facilities.

Study materials:

Key refernces:

SCHILLER, Bradley R. Mikroekonomie dnes. Brno : Computer Press, 2004. 412 s. ISBN 80-251-0169-X.

STOFT, Steven. Power System Economics : Designing Markets for Electricity. 1st edition. [s.l.] : Wiley-IEEE Press, 2002. 496 s. ISBN 0-471-15040-1.

NORD POOL. Elspot Market Data [online]. Oslo, <http://www.nordpoolspot.com>.

Recommended references:

KIRSCHEN, Daniel S., STRBAC, Goran. Fundamentals of Power System Economics. 1st edition. Chichester England : John Wiley & Sons Ltd., 2004. 296 s. ISBN 0-470-84572-4.

Media and tools:

Computer room

Note:

Time-table for winter semester 2011/2012:

Time-table is not available yet

Time-table for summer semester 2011/2012:

Time-table is not available yet

The course is a part of the following study plans: