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Energy Economics & Market Analysis Department

The Energy Economics & Market Analysis Department trains students to quantitatively assess energy markets and the economic viability of geoenergy projects. Students build systematic proficiency in NPV/IRR analysis, LCOE calculation, Hotelling's-rule-based resource valuation, and market modeling, applying these methods to exploration, production, and energy-transition investment cases — graduating as practitioners who can see a cost-benefit analysis and economic feasibility assessment through to completion on a real project, unassisted.

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Energy Economics & Market Analysis DepartmentPolicy Analysis & Regulation DepartmentStrategic Planning & Foresight DepartmentBusiness Development & Ventures DepartmentFuture Studies & Technology Foresight Department

Field-based Curriculum · 17

This department's curriculum is built directly on the GeoVerse Lab research fields its professors hold — click a field to see how it is taught.

Capital Budgeting & Investment Appraisal
Capital Budgeting & Investment Appraisal
Students learn the standard toolkit of capital budgeting — NPV, IRR, incremental…
Joel Dean
Interest Theory & Time Value of Money
Interest Theory & Time Value of Money
Through Fisher's theory of interest, students gain a systematic grasp of the tim…
Irving Fisher
Origins of Exhaustible Resource Depletion Theory
Origins of Exhaustible Resource Depletion Theory
Students learn the optimal extraction path for exhaustible resources through the…
Lewis Cecil Gray
Growth Theory with Exhaustible Resources & Sustainability Rules
Growth Theory with Exhaustible Resources & Sustainability Rules
Students analyse with growth theory whether an economy drawing down finite resou…
Robert Solow
Petroleum Economics & Oil Market Structure
Petroleum Economics & Oil Market Structure
In Adelman's empirical tradition, students learn how oil is found, produced, tra…
Morris A. Adelman
Peak-Load Pricing & Levelized Cost of Electricity
Peak-Load Pricing & Levelized Cost of Electricity
Students learn marginal-cost pricing for industries with time-varying demand, an…
Marcel Boiteux
Risk, Uncertainty & Investment Decision-Making
Risk, Uncertainty & Investment Decision-Making
Students learn Knight's distinction between risk and uncertainty (ambiguity) and…
Frank Knight
Input-Output Analysis of Energy Systems
Input-Output Analysis of Energy Systems
Using Leontief tables and the inverse matrix, students trace direct and indirect…
Wassily Leontief
Computable General Equilibrium Modeling of Energy Markets
Computable General Equilibrium Modeling of Energy Markets
Students learn CGE modelling of whole-economy equilibrium systems, enabling them…
Leif Johansen
Externalities & the Economics of Carbon Pricing
Externalities & the Economics of Carbon Pricing
From the economics of externalities and the Pigouvian principle, students learn …
Arthur Cecil Pigou
Cost-Benefit Analysis of Public Energy Projects
Cost-Benefit Analysis of Public Energy Projects
Students learn the theory and practice of cost-benefit analysis: enumerating, va…
Otto Eckstein
Public Utility Regulation & Energy Market Deregulation
Public Utility Regulation & Energy Market Deregulation
In Kahn's tradition, students learn how prices and investment of natural-monopol…
Alfred E. Kahn
Ecological Economics & Entropy of Resource Use
Ecological Economics & Entropy of Resource Use
Teaching ecological economics with entropy law and material-throughput lenses, t…
Nicholas Georgescu-Roegen
Uncertainty, Information & Real Options in Energy Investment
Uncertainty, Information & Real Options in Energy Investment
Students learn the quasi-option value of keeping choices open where irreversible…
Kenneth Arrow
Econometric Forecasting of Energy Demand
Econometric Forecasting of Energy Demand
Students build and estimate econometric models of the price, income and technolo…
Henri Theil
Monte Carlo Simulation Methods for Energy Risk Analysis
Monte Carlo Simulation Methods for Energy Risk Analysis
Students learn the principles of Monte Carlo methods and variance reduction, and…
Stanisław Ulam
Commodity Futures Markets & Energy Price Hedging
Commodity Futures Markets & Energy Price Hedging
Students learn the theory of storage linking futures prices to inventories and e…
Holbrook Working