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Master of Science in Economics and Management of Network Industries- Erasmus Mundus master

Delft University of Technology
Delft
English

Program description

Master of Science in Economics and Management of Network Industries

Network industries are industries which move products, information or people from one place to another via a physical network. These industries include utility networks (electricity, natural gas, water), transport networks (road, railway, air), and information networks (telecommunications, postal services). Given their role as providers of services of general economic interest, and their direct effect on the competitiveness of the European Union in a worldwide context, the importance of these industries functioning correctly is beyond any doubt.

Historically, network industries were vertically integrated and generally organised on a national (or even regional) basis. However, during the last decade, European network industries and infrastructures have been gradually exposed to market restructuring with the aim of achieving competitiveness and efficiency. These reforms, typically called 'liberalisation' or 'deregulation' processes, have required the unbundling of activities and the introduction of competition by means of various market mechanisms. However, a structural feature of most network industries is the presence of a physical grid separating producers and customers, such as transmission lines, pipes, railway tracks, etc. These network activities generally have inherent natural monopoly features that require effective regulatory measures and public policy intervention. Determining the exact level of intervention is probably one of the most controversial challenges of market regulation. Thus, the technological complexity present in network industries, and their major economic repercussions, requires an interdisciplinary approach in which both economic and engineering profiles must be carefully embedded.

As a result of these liberalisation processes, new forms of regulatory governance and policy have been put in practice in the 27 EU Member States. However, this situation is not exclusive to Europe, and there is an international trend towards opening up the network industries to competition. Thus, despite the experience gained in Europe and the lessons learnt in recent years, many challenges are still present. It is crucial that Europe continues to lead these dynamic processes in order to improve its productivity and competitiveness in the face of ever-fiercer global competition, technological change and an ageing population.

On 3 March 2010, the European Commission launched the Europe 2020 Strategy to exit the crisis and to prepare the EU economy for the next decade. Under the motto /Europe 2020: A strategy for smart, sustainable and inclusive growth/, the communication from the Commission is full of references to the economics, management, and regulation of network industries with particular emphasis on the energy sector. For instance, the document explicitly mentions the need to remove critical bottlenecks in key network infrastructures, the initiative to upgrade Europe's networks, including Trans European Energy Networks, with particular emphasis on 'smart grids' and the penetration of renewable energy sources, the need to complete the internal energy market, the plan to ensure that transport and logistics networks provide industry throughout the EU with effective access to the Single Market and the international market beyond, etc. Regarding the energy sector, it is worth mentioning the recent publication of the Third Energy Package that aims to develop the internal electricity and gas markets (introducing significant changes to network planning) and the harmonisation of national energy regulators to ensure their greater independence, while strengthening cooperation between them. This is only one example that shows the timeliness and relevance of the topics covered by the proposed EMMC.

The relevance of the EMIN master to the current scenariois further justified when analyzed in the context of other EU flagship initiatives in the areas of education, employment and skills. The "Youth on the move" flagship initiative, for instance, aims to /enhance the performance of education systems and to reinforce the international attractiveness of Europe's higher education/,while "An agenda for new skills and jobs" pursues the modernisation of /labour markets by facilitating labour mobility and the development of skills throughout the lifecycle with a view to increase labour participation and better match labour supply and demand/. An intenser reliance on markets or competitive regulatory mechanisms increases the need to involve engineering and economics in their management and regulation more fully.

As the EMIN master combines its coursework and research with real life and and the actual needs of network industries, practitioners in related fields may enrol in the masterto enhance their educational and professional development. This would enable them to take advantage of the expertise of EMIN's international faculty, whose distinguished practitioners and academics draw from their long professional experience to create a unique learning environment.

Admission requirements

Admission requirements for MSc Economics and Management of Network Industries:

  •                  A good university BSc degree
  •                  A BSc Cumulative Grade Point Average of at least 75% of the scale maximum
  •                  Proof of English language proficiency

Please check studyat.tudelft.nl for more detailed information and country specific requirements


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Tuition fees

Tuition fee for 2012-2013 academic year

For students with EU/EFTA nationality or Surinamese nationality 
around € 1,771 per year (all programme)

For students with non EU/EFTA nationality

  •         all Bachelor's programmes € 8,096,- per year
  •         all Master's programmes € 12,650,- per year 

The various TU Delft joint programmes have their own individual tuition fees and Tuition fees for TU Delft’s programmes are reviewed annually.

You will need approximately € 1.500,- to cover initial settling-in expenses. The cost of living and study, including food, accommodation, transport, books, and obligatory health insurance is estimated to be between € 850 and € 1.100,- per month.



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About this institute

Delft University of Technology

Welcome to Delft University of Technology!

Delft University of Technology combines the strenghts of a modern university with a rich tradition. The University's eight faculties are at the forefront of technological development, and their work is contributing to scientific advancement in the interests of society. Delft...


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