em575 | Graduate
This graduate-level course is 6 weeks This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Representative.
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Cost Concepts and Profit Maximization
- Apply incremental resource cost and contribution analysis to make a business decision.
- Analyze different costs of production in a firm.
- Explain profit maximization principles in a competitive market.
The Basic Concepts for Economic Reasoning
- Explain basic concepts of economics.
- Distinquish between renewable and non-renewable energy resources.
- Explain how the laws of supply and demand determine equilibrium price, elasticity, and energy exploration, and production in global markets.
Market Structure & Strategic Choice
- Analyze the effectiveness of regulations in the energy sector.
- Differentiate among the four major market structures in regards to pricing and non-pricing strategies.
- Identify the market structures in various energy markets and the implications for customers, businesses, and governments.
Macroeconomic Measurement & Basic Concepts
Explain the concepts and measurement of Gross Domestic Product (GDP).
- Relate the trends and cycles of GDP growth to business cyles, energy prices, and policies.
- Analyze the macroeconomic concepts of unemployment and inflation and their linkages to energy consumption.
Fiscal and Monetary Policy
- Define the concept of money.
- Evaluate the central bank's money policy in stabilizing domestic and foreign economies.
- Assess the impact of macroeconomic policies, including trade, capital, and exchange rate policies, on domestic and global industries such as energy.
Domestic and Global Energy Markets
Analyze the competitive environment in an energy market.
- Identify barriers to economic growth as a result of non-renewable resources.
- Explain the impact of technology on a country's energy resource balance.
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