GRA 8501 Energy Economics and Geopolitics (2017/2018)
GRA 8501 Energy Economics and Geopolitics (2017/2018)
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.
The objective of the course is to give a general introduction to energy economics and the geopolitics of energy. The course provides insight and overview of the particularities of oil and gas industry, demand, supply and market restructuring. The formation of energy prices, the distribution of resource rent, energy policy, international energy affairs and resource management in major producing countries is discussed. Energy economics and regulation is discussed both for renewable and non-renewable resources, for the environment and the prospects for a greener economy.
The course serves as a basis and overview for the EMME program (the big picture). Later modules will go deeper into the specifics of most issues.
Acquired knowledge:
Participants will acquire an understanding of economic, political and industrial conditions applicable to the energy industry. Emphases are on both non-renewable and renewable energy markets, company strategies and government policies. Focuses are on market drivers, restructuring and regulation, energy economics, resource management, energy policy and energy geopolitics. Environmental challenges and climate change is discussed in relation to the energy industry, international regulation and government policy.
The course will help participants to understand energy markets and the energy business. Insights are provided on the global level, on the formation of energy prices, market restructuring and the distribution of resource rent. Energy policies of consuming countries, international energy affairs and geopolitics, resource management in petroleum producing countries, the growth of renewable energy sources, environmental policy and climate change are discussed.
The participants will acquire insights and perspectives on the particularities of energy sector, drivers of demand and supply, international political and economic implications, as well as environmental and climate challenges.
- Major challenges to energy markets, companies and policies
- Drivers in, and interaction between, markets for non-renewable and renewable energy sources
- Energy economics, restructuring and regulation of markets and industries
- Energy policy and energy geopolitics
- The prospects for renewable energy sources
- The international energy business
- Formation of international energy prices
- Distribution and accumulation of resource rent, and the role Sovereign Wealth Funds (SWFs)
- The roles of the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA)
- Resource management in petroleum producing countries
- The Middle East, Russia and the United States (US) as major petroleum provinces
- The shale oil and gas revolutions
- Energy policies of the European Union and the US
- Chinas and other new economies role in energy demand
- Environmental economics and climate change
1 ECTS credit corresponds to a workload of 26-30 hours.
Attendance to all sessions in the course is compulsory. If you have to miss part(s) of the course you must ask in advance for leave of absence. More than 25% absence in a course will require retaking the entire course. It's the student's own responsibility to obtain any information provided in class that is not included on the course homepage/ It's learning or other course materials.
Sessions include lectures, seminars and group work.
Granted admission to the Executive Master of Management in Energy programme.
| Assessments |
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Exam category: Submission Form of assessment: Written submission Weight: 100 Grouping: Individual Duration: 72 Hour(s) Exam code: GRA 85011 Grading scale: ECTS Resit: Examination when next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 5 ECTS credit corresponds to a workload of at least 135 hours.
Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.