Energy Institute at Haas

Executive Education Course Economics of Energy and the Environment

Economics of Energy and the Environment:

Buehler Alumni Center
AGR Hall
University of California, Davis
Davis, CA 95616

July 31 - August 1, 2012


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.

Course Syllabus

Day One

Session 1:                                          9:30am – 11:00am     

Fundamentals of Electricity Regulation                   


Session 2:                                         11:15am – 12:45pm

Competitive Wholesale Electricity Markets 

Lunch Break                                       12:45pm – 1:45pm


Session 3:                                            1:45pm – 3:15pm

Market Power in Electricity Markets 


Session 4:                                           3:30pm – 5:00pm      
Energy Externalities     


Day Two


Session 5:                                         9:00am – 10:30am

Regulating the Environment: Taxes vs. Emissions Limits 


Session 6:                                        10:45am – 12:15pm  

The Economics of Cap-and-Trade Mechanisms   


Lunch Break                                      12:15pm – 1:30pm


Session 7:                                           1:30pm – 3:00pm

Cap-and-Trade: Implementation Issues


Session 8:                                            3:15pm – 4:45pm

Economics of Renewable Energy       



Severin Borenstein, E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business, U.C. Berkeley.


James Bushnell, Associate Professor, Department of Economics, U.C. Davis.

Reading List

Cost for two-day course:

Government/Non-Profit rate
$625 (early registration on or before July 2, 2012)
$675 (registration on or after July 3, 2012)

Private-Sector rate
$1,625 (early registration on or before July 2, 2012)
$1,675 (registration on or after July 3, 2012)

Lunch will be provided on both days.


Reserved parking in the South Entry Parking Structure is available for $10.00 and must be selected during registration.


Non-reserved, visitor parking is $7.00 per day and can be found in either the South Entry Parking Structure, located off of Hilgard Lane, or Visitors Lots 1 & 2, located behind the South Entry Parking Structure.