FACULTY
ECONOMIC AND MANAGBMENT SCIENCES
DEPARTMENT
ECONOMICS
SUBJECT
ENERGY ECONOMICS
SUBJECT CODE
CEEE 387I
DATE
JUNE 2OI5
DURATION
3 HOURS
MARKS
100
REGULAR EXAMINATIONS
Examiner: Mr. Dugald Hammerslacht (UNAM)
Moderator: Prof. H. Siphambe, University of Botswana
THIS QUESTION PAPER CONSISTS OF 5 PAGES INCLUDING THIS COVER PAGE
Instructions
r
o
e
.
o
o
Read all instructions carefully before you start writing.
This paper consists of 3 sections A, B and C.
Section A consists of multiple questions, attempt all.
Section B consists of 8 questions, attempt only 5 of the 8 questions.
Section C consists of 3 questions, attempt only 1 of the 3 questions
Total marks for each question are indicated at the beginning of each
question.
UNIVERSITY OF NAMIBIA EXAMINATIONS
Page
I of 5
SECTION A
Multiple Choice Questions.
l.
2.
3.
4.
5.
Please cross only the correct answers.
|0x2=201
Which of these products are not made from petroleum?
a.
Aspirin
b.
iPad
c.
lipstick
d.
None of the above
What crop(s) in Brazil is/are not used to make ethanol to fuel cars?
a.
Corn
b.
Coffee
c.
Sugarcane
d.
All of the above
What is the largest contributor to petroleum inputs in the ocean?
a.
Natural seeps
b.
c.
Petroleumextraction
Oil spills
d.
None of the above
What is the most commonly used renewable resource?
a.
The sun
b.
c.
Water
d.
None ofthe above
Wind
How many litres are in a barrel of oil?
a. 106
b. 159
c. 280
d.
None of the above
Page 2 of 5
6.
Which is the cleanest burning fossil fuel?
a.
Coal
b. oil
7.
c.
Natural gas
d.
None of the above
What is the earth's temperature a few meters underground?
a.
lOoC
b. t2t"c
c. It varies
d.
8.
9.
l0
None ofthe above
Energy created directly from the actual resource can be classified in two groups: nonrenewable or renewable. Is this energy a;
a.
Primary energy source.
b.
Secondary energy source
c.
All of the above
The current Namibian energy mix has all of the following sources; solar, natural gas,
biomass, coal, wind, diesel
a.
true
b.
false
ability to provide a flow of energy to meet demand in
an economy in a manner and price that does not disrupt the course of the economy.
.
:.
....
.. .. a system's
a.
Energy supply
b.
Energy security
c.
Energy sustainability
Page 3 of 5
SECTION B:
(short answer questions. Please answer any five questions. [5x10
:50])
QUESTION 1:[10 MARKS]
What were the main drivers of grand energy transitions in the past?
QUESTION 2: [10 MARKSI
What do you understand by natural monopoly? What public policy issues are encountered in the
presence of natural monopolies?
QUESTION 3: [10 MARKSI
What are the main concerns of relying on the traditional rate-of-return regulation for regulating
energy industries?
QUESTION 4:[10 MARKS]
What are the main drivers behind renewable energy development?
QUESTION 5: [10 MARKS]
What are the justifications used in support of the deregulation initiatives in the energy industry?
QUESTION 6: [10 MARKS]
Please define energy demand, differentiate between primary energy demand and final energy
demand?
QUESTION 7:[ 10 MARKS]
What are the drivers of renewable energy?
QUESTION 8:[10 MARKSI
Define "energy security" and list simple indicators of energy security? [5+5:10 marks]
Page 4 of 5
SECTION C:
(Essay questions. Please answer only one of the questions. [1 x
30:30])
QUESTION 9: [12+8+10=30 MARKS]
"KEY CHALLENGES WILL FACE THE WORLD'S ENERGY INDUSTRY OVER THE
NEXT FEW DECADES, CHALLENGES WHICH WILL REQUIRE GOVERNMENT
AND INDUSTRY SOLUTIONS AS EARLY AS BEGINNING TODAY".
(a)
(b)
(c)
What do you think are the key challenges facing the global energy industry? [12]
What industry solutions do you think would be required to face these challenges? [8]
How can govemment help in facing the future energy challenges? [10]
QUESTION 10: [15+15=30MARKSI
Define at least 5 energy sources? What are the advantages and disadvantages of each of these
five sources?
QUESTION 11: [30 marksl
What are the policy options relating to import dependence?
Page 5 of 5