412 - Global Energy and Sustainability Markets
Core/Elective: Core
Credits: 1.0
Quarter Taught: Spring
Synopsis:
This course will provide an international economics perspective on managing diminishing energy use and increasing sustainable value chains in a global context. Students will analyze how commodity flows are shaped by various countries’ factors of production, economic strengths and weaknesses, political priorities, governance systems, and incentive structures.
Course Objectives:
- Interpreting Global Trends: Through this course students will develop the capability to read present energy market data and extrapolate trends from it. This will be applied in the final project for select countries;
- Global Conventional Fuel Markets: There will be a review of the global role for commodities such as oil, coal and LNG. The course will cover their roles in developing markets and the regulations surrounding them;
- International Energy Markets: The evolution of the global power market will be discussed – particularly as it is changing beyond traditional fuels such as coal and gas. In addition, the class will cover the growth of and outlook for renewable power; and
- Introduction to Leading International Regulatory Methods: Students will discuss market regulatory methods such as emission caps and tradable permits. Content will also include external forms of regulation such as international accords and tariffs. Through case studies and the final project, students will gain a greater understanding of the effectiveness of these techniques in the market