Course Outline
- Course Code: EG3
- Category: Energy
- Dates, Venues and Fees:
Apr 27 - May 08 I Virginia | $6,980.00
Aug 24 – Sep 04 I Canada | $6,980.00
Nov 16 - Nov 27 I Maryland | $6,980.00 - Duration: Two Weeks
Course Overview
This course is about the economics of energy markets. Energy industries are particularly strongly driven by fundamental economic forces, which means that strategy-setting and decision making in energy (and energy-facing) industries relies on having a good understanding of how energy markets work. While the course will cover various energy industries, the main emphasis will be on microeconomic tools of analysis that are useful across multiple industries. Topics include the drivers of supply and demand in competitive energy markets, including the roles of storage and transportation, market power and antitrust concerns, and the rationale for economic and environmental regulations.
Delegates will examine the economic determinants of industry structure and evolution of competition among firms in these industries, and analyze the role of environmental and other public policies in energy markets.
Who Should Attend?
This course will greatly benefit:
- Regulatory Professionals
- Officers and Executives from Utility Organizations
- Officers from the Ministries of Finance
- Utility Engineers
- Policy Makers and Analysts
Course Outcomes
Having completed this course, delegate should be able to:
- Understand the connections and dilemmas of the nexus between economic growth, energy policies and energy demand
- Demonstrate awareness of variation between energy technologies and energy carrier, as well as economic behavior and price formation in each market segment
- Reflect critically on the impact of shocks to demand, supply, price and policies for the energy situation for energy-importing countries and exporting countries
- Master analytical tools and methods to address questions relating to demand, supply, price formation and policy concerns for key energy carriers
- Demonstrate advanced understanding of the impact of energy market developments for industry trends and business cycles in countries that are rich in energy resources.
- Read and comprehend works at the academic frontier in this field of economics, and apply findings and results in own analytical work
Key Course Highlights
- Economics of Energy
Global energy (drivers of energy demand, supply, energy and climate policies) - Economics of climate change
Causes and consequences of climate policies
Efficiency issues
Impact on energy markets