Approved by: Graduate Council
Implementation Date: Spring 2016
Note: Deletions are strikethroughs. Insertions are underlined.
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ECGR 5172. Energy Markets. (3) Pre- or co-requisite: ECGR 4171 or equivalent; MATH 1241; ECON 2101; or permission of the department. Energy and power systems in regulated and competitive environments and implications on business decisions for firms in these industries. Topics include: mechanism of energy markets; comparative market systems; determination of prices under different market structures; gas, oil, coal, and electricity market architecture; electricity market design; dispatch and new build decisions; smart grid and renewable energy in electricity markets; risk and risk management in energy including demand and price volatility and use of financial derivatives; and the impact of financial market trends and current and proposed policies on the energy industry. Credit will not be given for ECGR 5172 where credit has been given for ECGR 4172 (Spring).