Skip to 0 minutes and 6 seconds [click] Cool, isn’t it? We hardly think about how important is electricity in our everyday life. Without it, we wouldn’t have modern lighting, and we wouldn’t have had so many things that we give for granted now, like this this or this Actually without electricity You wouldn’t even be watching this video, but we hardly pay attention to the fact that electricity is a man-made product. It does exist in nature, but they kind of electricity that all of us use is a human invention. It is produced, transported, and delivered to all of us through an organized system. The place where goods and services are exchanged are called markets. As you all know, economics is the science, the study markets.
Skip to 0 minutes and 58 seconds I am Fulvio Fontini professor of Economics at the University of Padua in Italy. I’ve been studying and teaching economics of electricity for more than 20 years now. Thinking about electricity, is it like any other good? Or are there specificities and peculiarities of the electricity market compared to necessary goods market or luxuries? How should the electricity market be designed and how do they effectively work, in the reality? What are the consequences of the way electricity is produced and exchanged for the world and for all of us. These are the types of questions we shall talk about in this course.
Skip to 1 minute and 35 seconds By taking this course, you’ll get acquainted with the fundamentals of the economic analysis of the electricity and be able to understand and evaluate the actual and future challenges faced by the electricity sector and by all of us as power users. Last but not least, you’ll be able to understand your own electricity bill, what it measures, how it is composed, and even, why not, reducing it! Follow this course on the electrical industry production and economics, it will be useful and fun!