Overview
In this course, students will develop a broad understanding of the energy sector and energy markets from a business point of view. Energy markets are complex and influenced by many rapidly changing factors: technology development, global politics, new competitive pressures, regulation, and environmental challenges. The course will focus on how these external factors affect market conditions and on what business strategies are employed to deal with those effects.
Outline
This course is divided into eight lessons:
- Lesson 1: Energy and the Economy
- Lesson 2: Energy Demand and Supply
- Lesson 3: Energy Production—Solids
- Lesson 4: Energy Production—Liquids
- Lesson 5: Energy Markets
- Lesson 6: Energy Industries and Government—Part 1
- Lesson 7: Energy Industries and Government—Part 2
- Lesson 8: Energy Industries and the Environmen
Objectives
This course will provide you with the following:
- familiarity with the different types of energy sources and characteristics of their industries
- an understanding of market structures in the energy sector and knowledge of how to use the basic tools of supply and demand to predict how market conditions respond to changes in underlying market variables
- a better understanding of current challenges in the energy industries and how these challenges affect firm behaviour and market outcomes.
Evaluation
Course marks will be based on an individual assignment, participation in weekly discussions, and two group projects and group project critiques.