PrintBy 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 Calendar in Canvas for specific time frames and due dates. Specific directions for the assignments below can be found within the lesson.
| Required Reading: |
J.R. Brownson, Solar Energy Conversion Systems (SECS), Chapter 9 - Solar Economics Selected readings from EBF 200 course |
|---|---|
| Optional Reading: |
G. Mankiw Principles of Economics. This might be a nice resource for your future study but is not required for this course. D. Meadows, Thinking in Systems: A Primer, pp 1-9, Bathtubs 101 |
| YELLOWDIG: |
Discussion topic 1: Light as a mineral resource Discussion topic 2: Hypothesis of Energy Constraint |
| QUIZ: | Quiz Assignment: A few questions on solar economics (see Canvas Module 5) |
Questions?
If you have any questions, please post them to the Lesson 5 General Questions thread in Yellowdig. 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.