ECON 575: Energy Markets, Policies, and Regulations

Group Assignment 1

The first group assignment is meant to test students understanding regarding supply and demand analysis to a relevant market. Students are expected to interact with classmates to gain different perspectives and to ensure comprehensive understanding of supply and demand qualitative analysis. Since the analysis will be qualitative, supporting data are not necessary.

Students are assigned to a specific group as listed at the end of this document. Each group is expected provide a qualitative analysis of a real world event using the supply and demand analysis.. The event is listed below:

1. Germany plans to phase-out coal-fired power generation (shutting down all coal power plants) by 2038

Every analyses should look professional and thus, there is a template to be followed as listed below:

1. Introduction
   1. An introduction of the event in question
   2. The general idea about the importance of the event
2. Relevant market(s)
   1. Specify which market(s) are affected
   2. How big (roughly) in magnitude do you think the market will be affected
3. Supply and Demand analysis
   1. Which one is affected? Supply? Demand? or both?
   2. What would happen to the equilibrium?
   3. Use graphs/pictures (of supply and demand) to support your analysis thoroughly
4. Conclusion
   1. General idea of the implication of the event
   2. Do you think this event will have a permanent effect?

https://www.google.com/url?q=https://www.iea.org/&sa=U&ved=2ahUKEwis3NOko_b1AhWyOOwKHaXYB2sQFnoECAEQAg&usg=AOvVaw0fIwn5qn-ZVioQSyB4BY5x : use this link for data purpose