EME 810
Solar Resource Assessment and Economics

5.1 Learning Outcomes

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By the end of this lesson, you should be able to:

  • identify the key features of supply and demand for energy systems;
  • list the two general motives that shift the value of any commodity;
  • list the three specific drivers that will affect the valuation of light as a quantified mineral reserve;
  • list the four main factors affecting the price elasticity of demand;
  • describe the hypothesis of the energy constraint response for solar energy.

What is due for Lesson 5?

This lesson will take us one week to complete. Please refer to the Course Syllabus for specific time frames and due dates. Specific directions for the assignment below can be found within this lesson.

Lesson 5 Assignments
Required Reading:

SECS, Chapter 9 - Solar Economics

Selected readings from EBF 200

USGS Mineral Commodity Summaries (See Appendix C: Reserves and Resources.)

D. Meadows, Thinking in Systems: A Primer, pp 1-9, Bathtubs 101

Optional Reading (not required): G. Mankiw Principles of Economics. This might be a nice resource for your future study but is not required for this course.
To Do Discussions: There are two discussion assignments in this lesson.

Quiz Assignment

Engage in all Try-This and Self-check activities (not graded).
Topic(s) Supply and Demand

Light as a solar reserve

Price elasticity of demand

A hypothesis of the Energy Constraint Response

Questions?

If you have any questions, please post them to the Lesson 5 General Questions and Comments Discussion Forum in Canvas. I will check the forum regularly to respond. While you are in a discussion, feel free to post your own responses if you, too, are able to help out a classmate.