14.44 Energy Economics and Policy
Analyzes business and public policy issues in energy markets and in the environmental markets to which they are closely tied. Examines the economic determinants of industry structure and evolution of competition among firms in these industries. Investigates successful and unsuccessful strategies for entering new markets and competing in existing markets. Industries studied include oil, natural gas, coal, electricity, and transportation. Topics include climate change and environmental policy, the role of speculation in energy markets, the political economy of energy policies, and market power and antitrust. Two team-based simulation games, representing the world oil market and a deregulated electricity market, act to cement the concepts covered in lecture. Students taking graduate version complete additional assignments. Limited to 60.
This class has 14.01 as a prerequisite.
14.44 will not be offered this semester. It will be available in the Spring semester, and will be instructed by C. Knittel.
Lecture occurs 1:00 PM to 2:30 PM on Tuesdays and Thursdays in E51-149.
This class counts for a total of 12 credits. This class counts as a HASS S.
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