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    General Notes BUEC 463

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    Christian Leth-Kjaer
    The document discusses several economic concepts related to energy efficiency including the bottom-up Kaya Identity framework which breaks down factors that influence energy use such as population, production, energy intensity, and efficiency. It also covers the law of demand and how an increase in gas prices would decrease demand for SUVs, as well as the equi-marginal rule for determining the optimal allocation of resources. Several examples are provided to illustrate these economic principles for analyzing energy use and efficiency.

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    General Notes BUEC 463

    Uploaded by

    Christian Leth-Kjaer
    5 views15 pages
    The document discusses several economic concepts related to energy efficiency including the bottom-up Kaya Identity framework which breaks down factors that influence energy use such as population, production, energy intensity, and efficiency. It also covers the law of demand and how an increase in gas prices would decrease demand for SUVs, as well as the equi-marginal rule for determining the optimal allocation of resources. Several examples are provided to illustrate these economic principles for analyzing energy use and efficiency.

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    general notes BUEC 463

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    The document discusses several economic concepts related to energy efficiency including the bottom-up Kaya Identity framework which breaks down factors that influence energy use such as population, production, energy intensity, and efficiency. It also covers the law of demand and how an increase in gas prices would decrease demand for SUVs, as well as the equi-marginal rule for determining the optimal allocation of resources. Several examples are provided to illustrate these economic principles for analyzing energy use and efficiency.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views15 pages

    General Notes BUEC 463

    Uploaded by

    Christian Leth-Kjaer
    The document discusses several economic concepts related to energy efficiency including the bottom-up Kaya Identity framework which breaks down factors that influence energy use such as population, production, energy intensity, and efficiency. It also covers the law of demand and how an increase in gas prices would decrease demand for SUVs, as well as the equi-marginal rule for determining the optimal allocation of resources. Several examples are provided to illustrate these economic principles for analyzing energy use and efficiency.

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    of 15

    No readings except cases

    Energy efficiency (energy savings) = looking at how to maintain or increase productivity through
    lowering energy consumption.

    Bottom-up approach -> Kaya Identity = E

    Activity·intensity
    E=
    Efficiency
    Activity=¿ population , Household ¿ ¿ production
    Intensity=¿ how useful energy isused
    Efficiency=¿ increase ∈output=¿ usingless energy

    Law of demand

    Deman d suv =Pricesuv , Price gas , income

    When all things equals and Pric e gas rises ¿> Deman d suv falls

    50000000
    ≈ 7035631
    ( 1,04 )50
    50000000
    ≈ 11405350
    ( 1,03 )50
    Equi-marginal rule:

    MN B0=P0 −M C 0=PV ( MN B 1) =PV ( P1−M C1 )

    Example:

    300−10 Q1−0
    300−11Q0 −0=
    11
    330−11Q0 =300−10 Q1

    You take this and plot it in for Q1: Q1=25−Q0

    330−11Q 0 =300−10 ·(25−Q0)


    Q0=13 · 3 ⟺ Q1=11· 7

    You get price by plotting in Q0 : P=300−10 Q

    P0=300−10 · ( 13 · 3 )=−90
    P1=300−10 · ( 11 ·7 )=−470

    Practice exam:

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