IE59000 - Power Systems and Smart Grid

Spring 2016

Days/Time: TBA / TBA
Credit Hours: 3

Learning Objective:
To provide the students a holistic view of the various aspects of energy markets and energy systems, and to provide them the fundamental knowledge and skills to address market or policy issues through systems approach.

This course serves as a graduate-level introduction to the broad subject of power systems. It will focus on the economic fundamentals of power systems and electricity markets, instead of on the electric engineering aspects. Special emphases will be given to presenting the concept and various applications of Smart Grid. This course will be self-contained, with minimal requirements on graduate-level economics and mathematics training, though basic level of mathematics education is expected. The course will cover the basics of electricity, electricity generation and economics of supply and demand. It will then cover the various aspects of electricity market operations in both regulated and deregulated environment. The other part of the course will concentrate on introducing the concept of various components of Smart Grid, and their impacts on an array of frontier issues in the energy industry, including renewables integration, PHEVs and demand side management, and CO2 emissions reductions. Energy policy modeling and analysis, such as policies on greenhouse gas emissions reductions and incentives to green energy investments, will be integrated into the course as well.

Topics Covered:
The basics and the supply site of electricity; the demand side of electricity, the economics of supply and demand in energy markets; transmission and distribution networks, system reliability; Smart Grid.

Basic level of mathematics education is expected.

Applied/Theory: 20/80

Web Address:

Web Content:
Syllabus, Grades, Lecture Notes, Homework Assignments, Solutions, Quizzes, and Message Board.

Roughly once every week. Homeworks accepted via email at

Required Case Studies.

One final exam. Midterm exams are subject to notice.

**Updated Oct. 31, 2011** D. S. Kirschen and G. Strbac. Fundamentals of Power System Economics. Reprinted edition. John Wiley & Sons Ltd. 2009. ISBN 13: 978-0-470-84572-1. (Recommended)Alexandra von Meier. Electric Power Systems: A Conceptual Introduction. Wiley-IEEE Press; 1 edition (July 11, 2006). ISBN 13: 978-0471178590. (Recommended)

Computer Requirements:
ProEd Minimum Computer Requirements

ProEd Minimum Requirements: view

Tuition & Fees: view


T. B. D.
West Lafayette, IN 47907

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