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International Energy Management and Policy (IEMP)
The IEMP Core | Concentration Electives
http://sipa.columbia.edu/iemp
1114
International Affairs
Tel: 212-854-7546
Director: Hurst
Groves
This concentration is designed for
students interested in international energy management and related public
policy issues. The curriculum
provides a thorough understanding of energy industry fundamentals,
including the structure and operation of international energy systems, and
of the business organizations involved in the producing, transporting, and
marketing of energy products. It
examines economic, environmental, and social policies applicable to energy
development 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 such areas as energy project finance, energy markets and trading,
the geopolitics of oil, and marine transportation systems.
The MIA Concentration requires 22
credits (seven courses plus the practicum).
The following two courses in
accounting and finance are required:
·
International Affairs U6014 Accounting and Finance for International and Public Affairs
(Business B6014 also satisfies this requirement)
·
International Affairs U6022 Economics of Finance
(Business
B6301 Corporate Finance also satisfies this requirement.
The following courses and
practicum from the IEMP core are required:
·
International Affairs U6060 International Energy Systems and Business Structures
·
International Affairs U6242 Energy Policy
·
International Affairs U4825 Practicum in International Energy and Environmental
Policy Issues
Two additional courses from the
IEMP electives or from the international finance and business,
development, environment, or regional concentration curricula are also
required.
IEMP Core Courses
International Affairs U6060 International Energy Systems and Business Structures
An overview of the world’s
energy chains and the organizations that are involved in producing,
transporting, and marketing energy products around the world. The course
examines the history, technology, and business structure of each stage in
the energy chain – exploration, production, and transportation for oil,
gas, and coal, refining, electricity generation, and distribution and sale
of finished petroleum products, gas, coal, and electricity. The changing
roles of international and national energy companies and franchised
utilities are reviewed in light of the drive toward the privatization of
state entities and the deregulation of oil, gas, and electricity markets.
Selected corporate governance issues are reviewed, including responses to
governmental corruption, human rights problems, and environmental issues.
International Affairs U6242 Energy Policy
An analysis of energy-related
public policy issues: security of supply and OPEC; access to and taxation
of natural resources; energy conservation and technology; environmental
regulation at the local (air and water quality) and global (climate)
levels; and the influence of foreign policy objectives on energy policy.
The course examines the effectiveness of alternative strategies to achieve
international, national, and local policy goals.
International Affairs U8013 Workshop in International Energy Management and Policy
This course includes client-requested group consulting
projects equivalent to a master’s thesis.
International Affairs U4825 Practicum in International Energy and Environmental Policy Issues
Two semester programs of bi-weekly lectures by energy
management and policy professionals.
International Affairs U6040 International Energy Business Development and Finance
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 transitional economies. The course examines the roles of
project stakeholders, including the host government; project developers;
engineering, procurement, and construction contractors; transportation
providers; lenders (public and private); local partners; energy suppliers;
and buyers. The course provides an integrative analysis of country and
business risk, and of techniques used to mitigate or manage those risks by
the project developer.
International Affairs U6615 Energy Trading and Markets
An overview of evolving
physical and paper markets for crude oil, petroleum products, natural gas,
and electricity. Topics include: the structures of energy markets in North
America, Europe, and Asia; the privatization and deregulation of energy
markets; and the use of forward and futures markets and other techniques
to manage project and commodity price risk.
International Affairs U6063 The Geopolitics of Energy
Focuses on selected topical
geographic areas with important interactions between energy development
and geopolitical and policy issues. Areas of focus could include the
European Union’s policy on regulating gas and electricity markets;
evolving Arab Gulf State policies toward foreign participation in natural
resource development projects; U.S. strategic interests in alternative oil
pipeline projects in Central Asia; differential application of U.S. trade
sanctions to U.S. and foreign investors in energy projects in Iran;
participation in South and East Asian energy projects; and privatization
and development of energy markets in Mexico and Latin America.
International Affairs U6325 Quantitative Methods in Energy Business and Policy Analysis
Provides hands-on experience in
development and interpretation of quantitative models for 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 of both private sector project and competition
evaluation, and public sector evaluation of resource and market tax policy
impacts.
International Affairs U6627 Marine Energy Transportation Technology, Economics, and Policy
An introduction to tanker
transportation of crude oil, petroleum products, gas, and petrochemicals.
This course covers ship construction, vessel operations, manpower
training, chartering and commercial issues, shipping supply and demand,
ratemaking, ship finance and economics, maritime law, marine insurance,
ship classification and quality, and safety and environmental issues.
International Affairs U6052 Marine Transportation in World Trade
Introduction to the role of
liner services in world trade. This course covers the emergence of liner
services and the conference system; containerization and intermodalism;
ship and terminal operations; ship finance and economics; maritime law and
marine insurance; ship and ship owner organizations in world trade; flags
of convenience; and the roles of government, non-governmental
organizations, and the shipping and oil industry in formulating marine
transportation policy.
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