© 2004-2005 CEMTPP
IEMP: REQUIRED, ELECTIVE and cross-listed Courses
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IEMP REQUIREMENTS for MIA and MPA Students
(PEPM-IEMP students: see schedule)
MIA students who concentrate in IEMP are required to take:
- Economic Analysis for International Affairs (U4600) — year-long course, Fall and Spring.
- The more rigorous economics sequence.
International
Energy Systems and Business Structures (U6060)
Fall, 1st Year
David Nissen
This is the introductory core course in the International Energy Management and Policy concentration. In national and international energy systems, each fuel or other energy goes through a chain of physical transformations that change the character or location of the energy, starting with discovery and production of the resource (oil, gas, coal, nuclear, renewables) and ending with energy consumption in an end-user service (space conditioning, process heat, motor drive, etc.) These transformations are effected by facilities for discovery, production, transportation, conversion (refining, electricity generation, etc.), distribution, and end-user conversion. Associated with this “physical chain” of transformations and facilities’ services is a parallel “transaction” chain comprising business enterprises, markets for commercial exchange, and a legal and regulatory governance infrastructure. These transactional structures support the capital formation, management, and exchange activities in forms dictated by the technological, economic, transactional, and societal characteristics of the physical energy chains. The goal of this course is to understand co-evolution of the physical and transactional chains — the markets and business — in international and domestic energy systems. The course surveys the technology; market structure and design; and policy issues for: petroleum, natural gas, electricity, energy demand, and environmental issues.
Economics of
Energy (U6065)
Fall, 2nd Year
David Nissen
The Economics of Energy will utilize economic analysis to develop an understanding of how energy resources are developed and allocated. The course will concentrate on energy supply and demand, optimal pricing and allocation of energy resources, how energy markets function, the impact of government intervention, and implications of the non-competitive aspects of the energy industry in the long and short run. The course focuses on impacts for both producer and consumer nations.
For second year students only.
Prerequisite: International Energy Systems and Business Structures (U6060)
Practicum in International Energy Management and Policy
Albert Bressand
A 1-credit weekly seminar featuring leading experts primarily from industry and government.
Workshop
in International Energy Management and Policy
(U9000)
One workshop is required for concentrators.
IEMP ELECTIVES
Two-year concentrators must take two.
PEPM-IEMP concentrators must take three from the five Spring courses starred (*).
Urban Energy
Systems and Policy (U8778)
Steven Hammer
Urban energy systems present a unique mix of challenges in technology, market structure, and governance. In developed economies, competitive markets, new distributed technologies and load management issues all change the economic terms of adoption. In developing economies, urbanization expands slums with inadequate infrastructure, property and governance systems, and bad or non-existent enduse energy markets. Possibilities and policies are reviewed and evaluated.
The Geopolitics
of Energy (U6063)
Adam Shrier and Antoine Halff
This course will introduce students to the way that national political, economic and security interests influence foreign policy, and the role that energy plays in this calculus. We will look at the major geopolitical issues of the day through the lens of policymakers. We will look at the role that energy policy plays in overall foreign policy as it affects: international trade and investment, national security, counter terrorism, the political stability of friends and allies, transnational threats to the environment and health, and a nation’s position towards democracy, human rights and economic development.
Quantitative
Methods in Energy Business and Policy Analysis (U6325)
Roy Nersesian
Provides hands-on experience in development and interpretation of quantitative models for energy project evaluation and policy assessment. The student develops and interprets: (1) project cash flow models and (2) market models. Models are used for consistent assessment.
Alternative
Energy Resources (U4729)
David Walker and Klaus
Lackner
This course, which focuses on alternative energy sources and how they fit into the world energy market, is an essential part of the energy policy concentration. An emphasis is placed on economic considerations, energy availability, and the environmental consequences of adopting each particular technology. The course also examines each the alternative fuels most likely to propel our cars and electricity generation plants in the future.
Energy Policy*
Shirley Neff
Provides a survey and analysis of energy-related public issues and policies, including access and taxation for natural resources; security and reliability; diversity of fuels and technologies; energy conservation and technology; environmental regulation at the local (air and water quality) and global (climate) levels, market restructuring, and the interaction of energy infrastructure and economic development. The origin of each policy issue in 'market failure' is examined and consequences of policy alternatives are evaluated.
Petroleum Markets
and Trading*
Irene King, George L. Motroni
Provides an overview of evolving physical and paper markets for crude oil and petroleum products, natural gas, and electricity. The first half of the course treats the components of physical markets for petroleum: the role of energy majors, crude oil markets, shipping, refining and marketing, and supply coverage management. The second half of the course treats paper trading: introduction to futures markets for oil, natural gas and electricity, market structure and regulation, the use of forward and futures markets to manage project and commodity risk.
Prerequisites:
International Energy Systems and Business Structures (U6060) and Economics of Energy (U6065)
Electricity
Markets* (U6057)
AJ Goulding
Provides a detailed understanding of the fundamentals of electricity dispatch and market design issues for electric energy, capacity and reliability. Policy issues in standard market design are explored. Issues associated with market access for demand response, distributed generation are explored. Electricity markets in developed and developing countries are examined and evaluated.
International
Energy Business Project Development and Finance*
Hurst K. Groves
Provides an introduction to the processes and issues involved in developing new energy projects outside North America, in both energy producing and consuming countries, and in both advanced and developing economies. Examines the role of stakeholders, including the host government; project developers; engineering, procurement and construction contractors; lenders (public and private); local partners; energy suppliers; and buyers. Provides an integrative analysis of country and business risk, and of techniques used to mitigate or manage those risks by the project developer.
Marine Energy Transportation
Technology, Economics and Policy*
Roy Nersesian
An introduction to tanker transportation of crude oil and petroleum and liner service shipping of finished goods. Covers the history of energy and energy transportation; rate setting mechanisms in a free market economy and under the conference system; the forecasting process in bulk and liner service trades; international governmental policies on oil pollution and regulation of ship operation in bulk and liner service trades; chartering and commercial issues; ship finance and economics; various means of quality assurance in ship operation; and safety and environmental issues.
Oil, Finance and Politics
of the Arabian Gulf
Jean Francois
Seznec
Fall Semester
This course links the politics of Arab-Persian Gulf countries to their energy policies. The course provides a background on the technical aspect of oil/gas/petrochemical production and pricing techniques as well as on the markets for these products. Policies with respect to ownership, development, and pricing are surveyed and evaluated in light of national interests.
Financial Markets
in the Arabian Gulf (U6655)
Jean-Francois Seznec
Spring Semester
This course provides a detailed understanding of the financial markets in the Arabian Gulf.
Environmental Science For Decision Makers (U4735)
Professors Simpson, Hays and Pitman
An analysis of three areas that will present important problems in the next century: water resources, climatic change, and energy resources. The fourth credit point is optional, and involves an additional one-hour recitation providing in-depth, quantitative examination of some natural environmental processes related to general topics of water, energy, population, or climate. This recitation is intended for SIPA students seeking more quantitative approaches to analysis of natural systems.
© 2006 CEMTPP