This course examines recent developments in energy markets and energy policy. It will use economic theory and empirical evidence to analyze the real-world operation of energy sectors such as oil, electricity, and natural gas. Understanding the structure of supply and demand in these industries is essential for designing effective energy policy.
Examples of policy areas that will be explored in this course include price regulation, fuel economy standards, carbon taxes, cap-and-trade programs, and renewable energy incentives. At the end of the course you should be able to apply economic tools to critically analyze the design of policies in a variety of energy sectors.
Textbooks/Other Materials:
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Course Requirements:
Grading for the course is based on six problem sets, a midterm and a final examination, and participation in two multi-week strategy games in which teams of students compete in simulated oil and electricity markets.
Intended Audience:
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Class Format:
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