Middlebury Institute of International Studies at Monterey. Formerly the Monterey Institute of International Studies.

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In the past 30 years, some of the largest industries have made the transition from a regulated to market-based paradigm. Managers in many transportation, information technology, and energy companies have had to devise strategies to cope with changes in economic regulations and the evolution of new markets and trading platforms. The energy industries feature a complex mix of regulation and market-driven incentives. As classic economic regulation of energy markets has been reduced, however, environmental concerns have increased and spawned a new set of regulations leading to new business challenges and opportunities.
Drawing on the tools of economics and finance, we study the business and public policy issues that these changes have raised in energy markets. Topics include the effects of competition, scarcity and seller market power on energy prices; the regulation and deregulation of energy markets; environmental impacts and policies related to energy production and use; the economics of alternative energy sources; the development and effect of organized spot, futures, and derivative markets in energy; antitrust and competition policy; and the transportation and storage of energy commodities. We examine the economic determinants of industry structure and evolution of competition among firms in these industries; investigate successful and unsuccessful strategies for entering new markets and competing in existing markets; and analyze the rationale for and effects of public policies in energy markets.


• To introduce students to energy markets by examining the underlying economic principles.

• To demonstrate how antitrust and competition policy affects the functioning of energy markets.

• To introduce basic concepts in energy finance as related to the functioning of energy markets.

• To examine environmental impacts and economics of energy production and use.

• To understand how economics of alternative energy sources work differently from conventional ones.

Intl Environmental Policy
Intl Environmental Policy
Intl Policy & Management
Requirements Fulfilled:
Equivalent Courses:
IPOL8670 *


Spring 2015 - MIIS

IEPG8670A-S15 Lecture (Shrimali)

Fall 2013 - MIIS

IEPG8670A-F13 Lecture (Shrimali)