Course Code: EG3
Category: Energy
Dates, Venues & Fees:
Apr 26-May 07 |Virginia | $6,980.00
Aug 23-Sep 03| Toronto | $6,980.00
Nov 15-Nov 26| Maryland | $6,980.00
Duration: Two Weeks
Course Overview
Energy industries are strongly driven by fundamental economic forces, which means that strategy-setting and decision making in energy industries relies on having a good understanding of how energy markets work. This course will examine the various macroeconomic tools of analysis that are useful across multiple energy industries. Delegates will be led to examine topics such as the drivers of supply and demand in competitive energy markets, the roles of storage and transportation, market power and antitrust concerns, and the rationale behind economic and environmental regulations. Delegates will also examine the economic determinants of the industry structure, the evolution of competition among firms in these industries, and analyze the role of environmental and other public policies in energy markets.
Target Audience
This course on Economics of Energy Markets will greatly benefit:
• Regulatory Professionals
• State and local public utility regulators and policymakers
• Regulatory accountants, auditors, and financial analysts
• Members of electricity and energy boards
• Officers and Executives from Utility Organizations
• Officers from the Government Ministries
• Utility Engineers
• Policy Makers and Analysts
Course Outcomes
By the end of this course, delegates will gain knowledge and skills to:
• Understand the connections and dilemmas of the nexus between economic growth, energy policies and energy demand
• Demonstrate an 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
o Global energy drivers
o Energy demand and supply
o Energy and climate policies
• Economics of climate change
o Causes and consequences of climate policies
o Efficiency issues
o Impact on energy markets
• Economics of energy markets
o Renewable energy sources
o Electricity investment and production
o Conventional power generation
o Economics of wind power and solar energy
• Non-renewable energy sources
o Oil and natural gas
o Investment and production
o Geography and technology
o Market structure
o Price formation
o Applied market analysis
• Energy and the economy
o Macroeconomics of energy
o Energy importers and energy exporters
o Energy resource management
o The Dutch Disease
o The Resource Curse
• Resource revenue management
• Policy formation and sovereign fund design