AEM 4515 - Business and Economics of Energy
Fall. 3 credits. Letter grades only (no audit).
Prerequisite: MATH 1110 , AEM 2100 , AEM 2600 , or equivalent.
T. Gerarden, I. Rudik.
This course will investigate energy issues from an economic and business perspective using a quantitative approach. In the first part
of the course, students will learn how to think about energy through an economic and business lens. The second part of the course
will focus on topical energy market issues such as imperfect competition, bidding in electricity markets, markets for oil and gas,
and environmental regulation.
Outcome 1: Use and evaluate scientific and economic information to reach defensible conclusions.
Outcome 2: Describe the implications of using markets to supply and allocate energy.
Outcome 3: Identify market failures that justify energy policy interventions.
Outcome 4: Develop skills to evaluate the benefits and costs of different energy policies.