BU5024 - Introduction to Energy & Petroleum Economics

Credit Points: 10

Course Co-ordinator: Prof Alex Kemp

Pre-requisite(s): Students must be registered on the Postgraduate programme in International Business, Energy & Petroleum.

Co-requisite(s): None

Note(s): None.

The aim of this module is to equip students with little or no economics with sufficient knowledge and understanding of microeconomics to allow them to use economic theory to examine key issues in the petroleum and energy industries. It will provide an introduction to microeconomics and show practical application of economic theories to issues in petroleum and energy. In so doing, the course will provide a comprehensive and up-to-date assessment of upstream petroleum economics, and an introduction to economic analysis of global warming, the potential roles of government and implications for energy markets.

1x 3hr lecture per week, for 6 weeks. 1x 1hr tutorial per week, for 6 weeks.

1x 2hr written examination (80%), and 1x assignment (20%).
Resit: 100% on 2hr written examination.