Master of Electricity Markets
Restructuring of electricity delivery brings major changes to the electric power industry. Electricity is traded as a commodity in financial markets which affect the way electric power grids are controlled and operated. Today’s electrical engineers are compelled to understand both the technical and business sides of such changes in order to address the needs of the electric power industry.
The Department of Electrical and Computer Engineering and the Stuart School of Business have teamed up to offer a master’s degree in electricity markets. Combining courses from graduate programs in electrical engineering and in finance, the Master of Electricity Markets degree program provides graduate-level education in electricity suitable for electric power engineers. A background in finance is not required.
The admission requirements for this degree follow the existing admission requirements for other professional master’s degrees in the ECE department. Students whose accredited B.S. degree is not in electrical engineering may pursue this degree, provided that they have an adequate background and can demonstrate proficiency in the material contained in undergraduate courses equivalent to Illinois Institute of Technology's:
| Code | Title | Credit Hours |
|---|---|---|
| ECE 211 & ECE 213 | Circuit Analysis I and Circuit Analysis II | 7 |
| ECE 311 | Engineering Electronics | 4 |
| ECE 319 | Fundamentals of Power Engineering | 4 |
| MATH 251 | Multivariate and Vector Calculus | 4 |
| MATH 252 | Introduction to Differential Equations | 4 |
A student may demonstrate proficiency by successfully completing the courses or by demonstrating satisfactory performance in one or more special examinations administered by the ECE department.
Curriculum
| Minimum Degree Credits | 30 |
| Maximum 400-Level Credit | 12 |
| Minimum 500-Level Credit | 18 |
| Maximum ECE Short Courses 700-Level Credit | 4 |
| Maximum Transfer Credit | 9 |
| Code | Title | Credit Hours |
|---|---|---|
| Required Core Courses | (15-16) | |
| Select a minimum of five courses from the following: | 15-16 | |
| Power Distribution Engineering | 3 | |
| Power System Analysis | 3-4 | |
or ECE 419 | Power Systems Analysis with Laboratory | |
| Analytical Methods for Power System Economics and Cybersecurity | 3 | |
| Next Generation Smart Grid | 3 | |
| Power System Planning | 3 | |
| Power Market Operations | 3 | |
| Power Market Economics and Security | 3 | |
| Fault-Tolerant Power Systems | 3 | |
| Power System Reliability | 3 | |
| Deregulated Power Systems | 3 | |
| Power System Transaction Management | 3 | |
| Artificial Intelligence in Smart Grid | 3 | |
| Control and Operation of Electric Power Systems | 3 | |
| Operations and Planning and Distributed Power Grid | 3 | |
| Elements of Sustainable Energy | 3 | |
| Elements of Smart Grid | 3 | |
| Microgrid Design and Operation | 3 | |
| Finance Courses | (6) | |
| Select a minimum of two courses from the following: | 6 | |
| Statistical Analysis in Financial Markets 1 | 3 | |
| Financial Modeling 1 | 3 | |
| Valuation and Portfolio Management | 3 | |
| Futures, Options, and OTC Derivatives | 3 | |
| Models for Derivatives | 3 | |
MSF 526 | 3 | |
| Corporate Finance | 3 | |
| Market Risk Management | 3 | |
MSF 584 | 3 | |
| General Electives | (9) | |
| Select nine credit hours of electives from ECE 400-799 | 9 | |
| Total Credit Hours | 30-31 | |
