This course is about the economics of energy markets. Energy industries are particularly strongly driven by fundamental economic forces, which means that strategy-setting and decision making in energy (and energy-facing) industries relies on having a good understanding of how energy markets work. While the course will cover various energy industries, the main emphasis will be on microeconomic tools of analysis that are useful across multiple industries. Topics include the drivers of supply and demand in competitive energy markets, including the roles of storage and transportation, market power and antitrust concerns, and the rationale for economic and environmental regulations. We will examine the economic determinants of industry structure and evolution of competition among firms in these industries, and analyze the role of environmental and other public policies in energy markets.
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