© 2004-2005 CEMTPP
The Center offers a concentration for students in the two-year Master of Public Administration (MPA) and Master of International Affairs (MIA) programs and the one-year Program in Economic Policy Management (PEPM). The IEMP concentration offers an integrated treatment of the structure and issues of energy business development and energy policy development.
The world faces oil market insecurity, worldwide restructuring of natural gas and electricity systems, massive energy infrastructure requirements for economic development, and pervasive local and global environmental issues in energy production and use. The required investment will come, overwhelmingly, from private foreign and domestic debt and capital markets. Business, market and regulatory structures are required to make such investment financially feasible. For the investment to be efficient, market prices must internalize social costs, market power must be mitigated or regulated and market incentives must match cost with value.
To contribute in this field, the energy policy professional must understand its technologies, economics, institutions, and quantitative methodologies.
The IEMP concentration provides a thorough understanding of energy industry fundamentals, including the structure and operation of international energy systems and the business organizations, markets, and governance structures involved in producing, transporting, and marketing energy products. It examines economic, environmental, and social policies applicable to energy production, transportation and consumption; political and strategic issues arising from the unequal distribution of global energy resources; and the impact of technological change on the future role of energy in the global economy. Electives are available to permit students to pursue detailed study in petroleum markets and trading, electricity markets, urban energy systems, marine transportation systems, energy business and economic development, alternative energy resources, energy project development and finance, and the geopolitics of energy. The concentration is working to expand its treatment of quantitative market analysis and project formation.
© 2006 CEMTPP