ENRG 4410 Energy and Environmental Economics

ENRG 4410 Energy and Environmental Economics
Energy and Environmental Economics
This course provides an overview of the economic principles used in analyzing energy markets and environmental issues important to this sector. Students in this class will learn to apply fundamental tools of micro and macro-economics to study business and public policy issues involved in oil, natural gas, and electric industries including renewable energy sources. The course will cover the fundamentals of externalities in the energy industries and how to evaluate the impact of various environmental policies. They will evaluate incentives compatible mechanisms and efficient environmental regulation design. Students will study a numbers of industry specific cases and critically analyze typical problems in each industry. Students will apply economic reasoning to unravel popular fallacies and doomsday scenarios such as peak oil, fallacy of common-use resources, technical vs. economic potential of energy technologies.
Notes: This course cannot be used as one of the three required finance electives towards the finance major. This course an be used as a business elective or free elective towards the BSM degree.
Pre-requistites: ECON 1010, ECON 1020
Co-requisites: ENRG 4100
credit hours: 3