Overview
Taught in the spring by Professor Robert Metcalfe, this course is an introduction to the economics of energy markets. We will study the main sources of inefficiencies in energy markets—market power and externalities—and their implications for policymaking. We will cover, for example, how oil and natural gas prices are determined globally, deregulation and market power in electricity markets, and policy responses such as carbon permit trading.
Reviews and Tips
- Very knowledgeable professor and interesting class with engaging guest speakers and research project. I really enjoyed how the course brought together quantitive methods and energy fundamentals together. Useful tips: Make sure to pick a group you like and are comfortable with as most of the course grade (outside of the final and problem set) will be based on group work. The research project was a great opportunity to go deep into a topic you are passionate about and is useful experience for any internship/job that values research and analytical skills.