An introduction to the global energy industry’s past, present, and future, along with the history and current issues/challenges that different regions face. The course provides a broad look at the fundamentals (resources, politics, culture, regulatory and legal framework plus environmental issues) that impact world energy supply and demand.
Examines global energy policy and regulatory development emphasizing: resource access, business- government relations, environmental protection, social responsibility, and sustainability. Topics explored from the perspectives of government, business, citizens and civil society stakeholder groups, emphasizing unique positions of various major energy-producing regions worldwide. Students demonstrate how to manage and mitigate political risk through participation in a political simulation exercise on energy development.
This course provides an overview of the power systems and environmental consequence, fundamental principles in electric circuit theory, a working knowledge of the principles and practices of the electrical power industry regarding regulations, utility rates, generation, transmission, and distribution, and the role of renewable energy in the power markets, an understanding of how in an electricity grid, power generation and power consumption are closely matched, smart grid, integrating renewable energy resources into the grid, and the role of energy storage, and an understanding of general business model of regulated and unregulated utilities, generation options and economic dispatch.
This course uses concepts from financial accounting and managerial accounting and applies them to specific reporting issues in the energy industry as well as presentation of the information on the financial statements of an oil and gas company. Reviews the accounting cycle with an emphasis on the proper accounting treatment of energy-related activities, actions (e.g., acquisition of mineral interests).
Provides a strong foundation for an understanding of financial markets and the main types of securities traded in these markets. The topics covered in the course include trading structure, risk and return, portfolio theory, asset pricing models, market efficiency and an introduction to the nature and valuation of equities, bonds, and options.
Provides a comprehensive review of the organization and structure of the market for energy assets and commodities: including trading platforms, pricing issues, forecasting, role and linkage with associated futures, forwards and options contracts, “basis” and spreads, hedging strategies, the principles governing the valuation of these “derivative” securities, and the ways in which these securities can be used effectively.
This course will focus on understanding and applying quantitative methods and models in the context of energy management. The content of this course is organized around three modules: summarizing quantitative data: relating and comparing data: and, predicting outcomes based on sample data. The topics covered in these modules include descriptive statistics, associative statistics, regression, multiple regression, and inferential statistics.
Sustainability factors are part of the fundamentals needed to attain higher returns, organizational resilience, and stakeholder trust. Environmental, social and governance (ESG) risks have gained increasing attention, and organizations are seeking to proactively manage and report on their ESG risks. This course will provide an understanding of ESG and how to implement sustainable ESG requirements.
Considers interest in renewable energy from the view that meeting global energy demand is “all of the above.” Examines traditional energy firms possibly adding alternative energy to its offerings. Provides student with a broad overview of how renewable energy affects markets today, renewable energy technology, and its cost effectiveness compared to other energy sources and its future penetration rate projections.
Provides students with the analytical and conceptual skills required in the modern practice of corporate financial management in energy organizations. Will focus on three key areas: (1) optimal allocation of capital; (2) optimal choices for raising capital; (3) optimal management of risk in conjunction with (1) and (2), including measuring and managing risks in energy companies.
For students responsible for leading and managing HR in the energy industry and seeks to increase students’ understanding of individual behavior in organizations. Explores theories and concepts of organizational behavior to address managerial problems. Topics include: management challenges; the use of evidence-based management: managing diversity; motivating, evaluating, and rewarding employees: and creating a positive work environment and achieving personal well-being.
Provides an overview of data analytics and how orgs use this capability to deliver value to their customers and remain competitive in the marketplace. The focus of the course is on the targeting and management of orgs’ analytics investments and analytics-enabled business solutions, not on the engineering of these capabilities. Participants will have the chance to gain hands on experience with modern analytics techniques including data management, forecasting, machine learning, visualization, cybersecurity, governance and how capabilities in these areas can deliver organizational value.
Economic concepts and analysis as used in managerial decision-making in energy companies with emphasis on demand, supply, market equilibrium, elasticity, perfect competition, external effects and public goods, market power and monopoly, natural monopolies, dominance and economic regulation, mergers, cartels, collusion and antitrust, oligopolistic models, GDP, unemployment rates, and price indices, and the interrelations among the different sectors of the economy.
Examines management decisions and actions to improve an organization’s competitiveness in global business environments. Uses a variety of pedagogies to integrate strategies, and students will develop skills to formulate, implement, and evaluate organizational strategies that play across the energy industry in rapidly changing environments.
Carbon footprint is the amount of carbon dioxide, or Greenhouse Gas Emissions, that organizations contribute to the environment. This course is on developing and implementing a long-term carbon management plan to provide an organization with strategies and steps to reduce their carbon footprint and remain competitive in a low carbon economy.
Security and resilience mechanisms by design are important to provide guarantee operations for the system. The smart grid is a large-scale complex system that integrates communication technologies with the physical layer operation of the energy systems. This course covers introductory topics in cyber-physical systems security, provides a layered perspective of the smart grid security and provides an overview of the interactions among system components and the interaction between external forces and the system, breaches and enforcement, standardization, best practices, policies, privacy, and legal issues.
Provides a theoretical understanding and skill development necessary for being an effective leader and managing organizational change. Identify ways to become a more effective leader by applying theories of human behavior to solve day-to-day problems of organizational administration. Examines core decision- making challenges, complex change scenarios, and leadership approaches and strategies to manage change in the context of the energy industry.