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ECON 2251 Economics of Energy Markets (Spring: 3 )


Course Description

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

Prerequisites: ECON1131 and ECON1132

Cross listed with:

Comments: Enrollment limited; significant writing/research component.


Last Updated: 24-Feb-14