Course Description

Fundamental issues related to energy resources and the economic concepts and tools relevant to their allocation and use. Renewable and non-renewable energy resources are discussed, as are the opportunities for and challenges to moving to cleaner sources of energy.

Additional Requirements for Graduate Students:
Beyond the requirements for undergraduate students, Graduate students will have additional readings and will complete two policy presentations and a term paper.

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Athena Title

Energy Economics

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Prerequisite

(AAEC(ENVM) 3020 or AAEC 3020E) and (AAEC 2580 or AAEC 2580E or ECON 2106 or ECON 2106E or ECON 2106H)

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Semester Course Offered

Offered spring

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Grading System

A - F (Traditional)

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Student Learning Outcomes

• Upon completion of this course, students will have familiarity with energy-related data sources and possess analytical techniques for evaluating data from an economic perspective.

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Topical Outline

• Introduction, Basic Energy Concepts, Energy Use Trends
• Static Efficiency in Competitive Markets
• The Importance of Time: Dynamic Efficiency in Competitive Markets
• Market Failures: Externalities and Non-Competitive Markets
• Tackling Climate Change: International, National, and Sub-National Policy Efforts
• Oil Markets, Dominant Firms, and Petroleum Products
• Electricity Generation and Delivery Market
• Natural Gas Markets if Time Allows

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Syllabus

Select Faculty / Instructor to download syllabus:   Mullen, Jeffrey (ENVM(AAEC) 4150)   Mullen, Jeffrey

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