Electricity Markets
Department:
Electrical and Computer EngineeringCollege:
Armour College of EngineeringDegrees:
- Master of Electricity Markets
Description:
Deregulation is bringing major changes to the electric power industry. Electricity is now traded in commodity markets, and these new markets affect the way the electric power grid is controlled and operated. Electrical engineers need to understand both the technical and the business sides of these changes in order to address the needs of the electric power industry.IIT's Department of Electrical and Computer Engineering and Center for Law & Financial Markets have teamed up to develop new master's degree and graduate certificate programs in electricity markets. Combining existing and new courses from the graduate programs in electrical engineering and in financial markets and trading, the programs provide graduate-level education in electricity markets suitable for electric power engineers. Tell me more...
Specializations:
Electrical and Computer Engineering Certificate Programs:
- Advanced Electronics
- Applied Electromagnetics
- Communication Systems
- Computer Engineering
- Control Systems
- Electricity Markets
- Power Electronics
- Power Engineering
- Signal Processing
- Wireless Communications Engineering
Online and Distance Learning:
Dual Degrees / Joint Degrees:
Research Facilities:
The department operates research laboratories for work in CAD for VLSI, communications, computer networking, image processing and medical imaging, microwave electronics, power systems, signal processing and ultrasonic diagnostics. The Center for Electric Power and Power Electronics supports research initiatives with support from industry and government. The department also collaborates with and utilizes the research resources of the IIT Research Institute and the Pritzker Institute of Medical Engineering.The department has state-of-the-art computer systems to enhance and extend the generally available system in the university. A primary resource is a network of more than 40-high performance workstations, file servers, and computer servers, running the Unix/Linux operating system. With over 100 gigabytes of storage, CD-ROM drives, tape drives, and accelerated graphics, these systems provide an array of software tools for students and researchers including programming languages (C, C++, Java, FORTRAN, Python, Perl, etc.), software development tools, software and hardware simulators, and electronic computer-aided design packages from companies such as Cadence, Synopsys, Avanti!, Symplicity, EPRI and ESCA.
In addition to the workstations, the department maintains a collection of PCs for ECE students, including a set of machines that can be dedicated to hardware/software projects. The computers are connected via high-speed ethernet, which in turn is connected to the university's backbone and the Internet.
Research Areas:
Admission Requirements:
1. Cumulative undergraduate GPA minimum: 3.0/4.02. Minimum GRE score: 1100 (quantitative + verbal), 3.5 (analytical writing)
3. TOEFL minimum (if required): 550/213/80 (paper-based/computer-based/Internet-based test)
4. Admission to the master's degree programs requires a bachelor's degree from an accredited institution, typically in electrical or computer engineering. Applicants with backgrounds in other fields with proficiency in engineering sciences, physics, mathematics or computer science, gained through prior coursework or professional experience, are also eligible for admission, but will be required to demonstrate proficiency in the subject matter covered in undergraduate courses that are prerequisites for the chosen graduate program. Proficiency may be demonstrated by passing a written exam or by taking and passing, with a grade of "B" or better, prerequisite undergraduate courses at IIT. Specific course prerequisites for each degree program are listed within the program description.
How to apply:
Office of Graduate AdmissionDepartmental Website:
http://www.iit.edu/engineering/ece/The material on these web pages contains the most current program offerings and requirements, and is intended for informational purposes only. Program offerings and requirements change from time to time, and these web pages are changed accordingly. The requirements applicable to a particular student's program are those set forth in the official Graduate Bulletin that was in effect the year the student began his or her graduate program. Therefore, to find the official program requirements applicable to his or her program, a student must consult the Graduate Bulletin from that year.
