Description

MRW-7 Solved Assignment 2023 For January 2024 and July 2024 Session

Assignment Booklet

MSCRWEE Programme

M.Sc (Renewable Energy and Environment)

Third Semester

M.R.W-7

ENERGY ECONOMICS AND PLANNING

Assignment -3

(To be done after studying the course material)

Course Code: MRW-007

Course Title: Energy Economics and Planning

Assignment Code: MRW-007/TMA/2024

Maximum Marks: 100

Last Date of Submission: April 30, 2024 (For June TEE), September 30, 2024 (For December TEE)

Note:

1. For any question worth 5 marks the word limit is 200 words, for a 10 mark question it is 350 words.
2. All questions are compulsory. All questions carry equal marks.

Q.1 The details of a solar thermal plant is given below. Calculate the life cycle cost per unit for the power plant. Assume the suitable values if required.

 Sr. No. Item Cost in Rs./KW Life Period

1. Heat energy collectors 35000 20years
2. Boiler+ steam turbine 14900 10years
3. Electric generator 6500 10years
4. Accessories, tools 3000 5years

Q.2 Discuss the concept of elasticity demand and its usefulness for the society. 

Q.3 What is Energy Pricing? Discuss its significance in economics. Explain in brief the Principle of Intergenerational Equity.

Q.4 Mr. Laxman receives a provident fund amount of Rs. 500000. He deposits in a bank which pays 10 percent interest. If he withdraws annually Rs. 50000, how long can he do so?

Q.5 a) Describe in detail the terms economic environment and business management. 

b) How Infrastructure and Economic Growth are interrelated? 

Q.6 Is the UN an effective organisation for global environmental action? Do you agree? Justify your answer with facts and evidence.

Q.7 a) Explain the three phases in decision making process. 

b) Explain in detail the utility of integrated rural energy planning. 

Q.8 Discuss the various factors which drives the energy pricing. 

Q.9 a) Describe Herzberg’s two factor theory in detail. 

b) Why is an effective control process needed in any organisation? 

Q.10 Write short notes on the following:

a) Climate Change Convention, 1992

b) Ecologic Model or Economic Man Model

c) Optimum hybrid energy system

d) Techno economic Evaluation