Education

Energy Institute at Haas

Executive Education Course Economics of Energy and the Environment

 

CSEM Executive Education
Economic Fundamentals of Energy and the Environment

January 14-15, 2008
Buehler Alumni Center
AGR Hall
University of California
Davis, California 95616

 

CSEM holds a day and a half intensive executive education course on the "Economic Fundamentals of Energy and the Environment." The course is held at the University of California, Davis and taught by Professor Severin Borenstein and Dr. Jim Bushnell, both from the UC Berkeley Haas School of Business and the UC Energy Institute.

 

Course Description Energy market operations and environmental regulation have increasingly become intertwined. An understanding of one is crucial for a complete understanding of the other. Drawing heavily on the tools of economics, this course will cover the fundamental concepts behind various approaches to environmental regulation and their impacts on energy markets. The consequences of various regulatory strategies will be examined in the context of the continuing changes in the organization and regulation of energy markets.

 

Learning Objectives

Examine the fundamentals economic justifications for environmental regulation

Comprehend basic regulatory policies such as taxes, standards, and subsidies

Identify market implications of different regulatory strategies

Understand the merits and weaknesses of "cap-and-trade" regulatory systems

Explore the implications of global climate change on the evolution of energy markets

 

 

Who Should Attend? Management and senior level regulatory staff with minimal training in economics or electricity regulation;

Professional staff interested in the economics of environmental regulation; and

Energy industry professionals interested in understanding the interplay between environmental regulation and market outcomes.

 

Lecturers Profiles:

Severin Borenstein is Co-Director of CSEM, a Professor of Business Economics at UC Berkeley's Haas School of Business, and Director of the University of California Energy Institute. Professor Borenstein holds a Ph.D. in economics from MIT. His research focuses on business competition and government regulation. He is the author of many articles on competition in electricity markets and on the gasoline and oil markets. Professor Borenstein also has done extensive research on the airline industry. He has advised many state and federal agencies and state and foreign governments on energy and airline matters. He is a research associate of the National Bureau of Economic Research in Cambridge, Massachusetts. Professor Borenstein previously served as a member of the Board of Governors of the California Power Exchange.

James Bushnell is Co-Director of CSEM, Research Director of the University of California Energy Institute and a Lecturer at UC Berkeley's Haas School of Business. Dr. Bushnell holds a Ph.D. in Industrial Engineering and Operations Research from UC Berkeley. His research focuses on many aspects of operations, regulation and competition in the electricity industry. He is the author of many articles covering such topics as auction design, transmission planning and investment, market power, and energy demand. Dr. Bushnell serves on the California's Independent System Operator's Market Surveillance Committee and has served on the Market Monitoring Committee of the California Power Exchange.

For more information about the course, please send an inquiry to ucei@ucei.org.