© 2004-2005 CEMTPP
The world faces oil market insecurity, worldwide restructuring of natural gas and electricity systems, massive energy infrastructure requirements for economic development, and pervasive local and global environmental issues in energy production and use. The required investment will come, overwhelmingly, from private foreign and domestic debt and capital markets. Business, market and regulatory structures are required to make such investment financially feasible. For the investment to be efficient, market prices must internalize social costs, market power must be mitigated or regulated and market incentives must match cost with value.
To contribute in this field, the energy policy professional must understand its technologies, economics, institutions, and quantitative methodologies.
The IEMP concentration provides a thorough understanding of energy industry fundamentals, including the structure and operation of international energy systems and the business organizations, markets, and governance structures involved in producing, transporting, and marketing energy products. It examines economic, environmental, and social policies applicable to energy production, transportation and consumption; political and strategic issues arising from the unequal distribution of global energy resources; and the impact of technological change on the future role of energy in the global economy. Electives are available to permit students to pursue detailed study in petroleum markets and trading, electricity markets, urban energy systems, marine transportation systems, energy business and economic development, alternative energy resources, energy project development and finance, and the geopolitics of energy. The concentration is working to expand its treatment of quantitative market analysis and project formation.
DEGREE REQUIREMENTS AND SCHEDULES
For MIA and MPA students, the concentration requirements comprise 22 credits, including IEMP core courses and two non-IEMP courses at SIPA: Accounting and Finance for International and Public Affairs and Corporate Finance. MIA concentrators are also required to take the more rigorous International Economic Analysis sequence as their core economics course. The concentration also offers a rich catalog of electives which students are encouraged but not required to take.
In the 1st year Fall, the core energy sequence begins with International Energy Systems and Business Structures (U6060). Students should be sure to start the more rigorous economics sequence, Economic Analysis for International Affairs (U4600), and Accounting for International and Public Affairs (U6014). Economics of Finance or Corporate Finance should be taken as well.
In the 1st year Spring, students must take Corporate Finance (U6301). Recommended energy electives in the 1st year Spring are Energy Policy (U6242), which satisfies the MIA international policy and management requirement, and Alternative Energy Resources (U4729).
In the 2nd year Fall, Economics of Energy (U6065) is required.
(Note: all but EPD require the Economic Analysis sequence.) Substitutions for similar requirements in two concentrations are possible. Students interested in dual concentrations should consult both concentration directors and secure approval, to avoid later nasty surprises.
Requirements for joint IFB/IEMP concentration
Requirements for joint EPD/IEMP concentration
Requirements for joint EPS/IEMP concentration
For PEPM-IEMP students, a total of 6 energy courses are required — International Energy Systems and Business Structures (U6060) and Economics of Energy (U6065), 3 electives, and the Practicum.
© 2006 CEMTPP