GB4070 Energy Economics

This is an applied economics course in which microeconomic analysis will be applied to energy-related phenomena. The course begins with an introduction to basic microeconomic theories and tools, including the forces driving supply, demand, and market equilibrium. With these tools, the student will explore the fundamental issues surrounding the economics of energy production and use, and how government intervention, both at the domestic level and at the international level, influences energy markets. Specific attention is paid to the ways in which energy is similar and dissimilar to other goods and services that are traded in the economy. Throughout the course, emphasis will be placed on the practical application of economic theories and concepts to important public policy issues. The defense department is the largest consumer of energy in the federal government, and this course will equip students to be better stewards of energy resources. Prerequisites: None.

Lecture Hours

4

Lab Hours

0

Quarter Offered

  • Spring