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.