Energy Systems Modeling

This lecture covers the modeling of energy systems using general equilibrium models, which analyze the interactions between economic agents, production functions, and the energy sector. It explores the dual nature of energy as both a factor of production and a sector of the economy, emphasizing the role of energy in the economy. The lecture delves into the principles of equilibrium in economic models, including consumer and producer models, and the optimization of choices within constraints. It also discusses input-output tables, social accounting matrices, and the representation of different sectors in energy-economy models.