2022 Economy of energy system

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Academic unit or major
Graduate major in Energy Science and Engineering
Tokimatsu Koji  Hanaoka Shinya  Nishikizawa Shigeo  Kajikawa Yuya  Goto Mika  Eto Ryo 
Class Format
Lecture    (Livestream)
Media-enhanced courses
Day/Period(Room No.)
Tue3-4(G311, S321)  
Course number
Academic year
Offered quarter
Syllabus updated
Lecture notes updated
Language used
Access Index

Course description and aims

The outline of the classes are as follows. It is required to assess utilization of energy technology in various socio-economic perspectives. In this course, lectures compactly provide essence of related academic fields with some examples, especially energy technology assessment. Such contents can be used as basic knowledge after graduation or carrier build to blush up specialty of students. The contents include economics (cost of electricity, cash flow analysis and cost benefit analysis), systems (lifecycle assessment, econometrics, systems engineering), and social (research and development, deployment, consensus building). The lecture is given paid attentions to the related fields and cross cutting tools.
The aim of this course is for students from various origins and carriers after their graduations to understand various concepts related to the academic fields without any basic knowledge, and to give various knowledge and toolboxes to carry out their business after their graduation with memorize. This course SOLELY provides basics of socio-economic issues in energy. It is recommended to take this course for many students because it is consisted to be useful for business situations after graduation. The lineup of the course is listed as below to help students for course selection.
1 energy supply cost (assoc. prof. Koji TOKIMATSU)
The economics of technology is provided; power plants are examples for the cost of electricity (cost to produce unit power in 1 kWh). Students understand basic concepts such as the discount rate and discounted present value.
2. cost benefit analysis (prof. Shinya HANAOKA)
Cost benefit analysis and Cash flow analysis in energy project, transport systems as examples, are explained. The basic concepts such as internal rate of return, are understood.
3. lifecycle assessment (LCA) (Dr. Ryo Eto, The Institute of Energy Economics)
Basic tools for LCA, bottom up and input-output (I/O), are explained by using technology such as nuclear. Some basic but important concepts such as allocation or I/O are understood.
4. energy econometric analysis (prof. Mika GOTO)
Basics of energy econometric analysis are explained, such as differences of views from between science-technology and socio-economics, energy conversion table, primary and secondary energy, gross and net calorific values, and energy balance tables. They are introduction to understand energy flow in socio-economics.
5. energy technology research & development, diffusion and deployment (RDDD) (prof. Yuya KAJIKAWA)
It is required for strategic planning for socially research, development and deployment in energy technology and resources. Energy research and development, innovation, and management
6. consensus building of energy technology deployment (assoc. prof. Shigeo NISHIKISAWA)
In order to implement energy technology in real society, consensus building for decision making is required among various stakeholders. The consensus building is understood via actual example of wind power to deploy renewable energy technologies.
7. energy systems analysis (assoc. prof. Koji TOKIMATSU)
Simple outline of systems analysis, which uses engineering economics (class 1) and energy economic analysis (class 4) is explained by using some examples. The imprecation, usefullness, and limitations of scenario analysis of economic efficiency is understood.

Student learning outcomes

Following abilities are acquired through this course.
1) Understand and explain various concepts treated in energy systems and socio-economics.
2) Targets setings for various problems in energy, to which you can apply the explained concepts and tools in the class


energy systems, engineering economics, lifecycle assessment, econometrics, research and development, consensus building

Competencies that will be developed

Specialist skills Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

At the beginning of some 10 minutes of each class, it is provided that the basics of each lecture's contents are provided, then, dig down the day’s contents. The lecture is provided via zoom (live-style).

Course schedule/Required learning

  Course schedule Required learning
Class 1 outline of the course, energy supply cost Explain engineering economics
Class 2 Cost benefit analysis (CBA) of energy projects Explain cash flow and CBA
Class 3 lifecycle assessment (LCA) for energy technology assessment Explain LCA as tools for energy technology assessment
Class 4 energy econometric analysis Explain energy econometric analysis
Class 5 Research and development, diffusion, and deployment of energy Explain roles of innovations on energy technologies
Class 6 Consensus building of energy technology deployment Explain how to promote consensus building
Class 7 energy systems analysis Explain imprecation of energy scenarios

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.



Reference books, course materials, etc.

Course materials are distributed。Related reference books are introduced in each class

Assessment criteria and methods

every homework (10 point/times X 7 times) plus 30 point for a final report

Related courses

  • GEG.E421 : Energy&Environment-1
  • GEG.S402 : The economics and systems analysis of environment, resources and technology
  • ENR.B436 : Special lecture of economics and politics in energy

Prerequisites (i.e., required knowledge, skills, courses, etc.)


Contact information (e-mail and phone)    Notice : Please replace from "[at]" to "@"(half-width character).

tokimatsu.k.ac[at]m.titech.ac.jp、+81-45-924-5533 (transferred to business celler phone, anytime available to catch)

Office hours

unspecified. Please contact to meet anywhere at Ookayama, Suzukakedai, and Tamachi

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