ECON 2251 Economics of Energy Markets (Spring: 3 )
The course will introduce students to the basic economic and engineering used to design competitive and regulated power markets. The main focus will be electricity markets in US: their history, on-going transformation, design and most current issues. Due to its physical nature electricity is a unique commodity, and we will examine its characteristics and the way they affect the market structure. We will also discuss major issues in gas and oil markets; examine latest trends in environmental policy and renewable energy. The course will highlight economic theory, such as industrial organization, auction design and economics of taxation in design.
Instructor(s): Margarita Sapozhnikov
Last Updated: 24-Feb-14