APPLIED ECONOMETRICS OF RESOURCE AND ENERGY DEMAND

AAE 771

Applying economic theory to the practice of resource and energy demand analysis. Topics include consumer demand theory and the proper modeling of demand systems, theoretical underpinnings of behavioral economics, welfare theory, cost benefit analysis and cost-effectiveness analysis, and technology adoption and diffusion.

AAE/ECON 371

Use microeconomic theory to analyze energy markets. Discuss the economics of oil, gas, and electricity and learn about applications to contemporary issues and policy questions.

AAE 770

The fundamental mathematics and statistics necessary for the study of quantitative methods in resource and energy demand. Topics include the mathematics of optimization and its role in basic welfare theory and consumer demand; linear and matrix algebra and their application in both modeling consumer behavior and the statistical analysis of models; and the fundamentals of statistical analysis relevant to econometric analysis of resource and energy demand, including probability theory, sampling distributions, and statistical inference.

AAE 773

Current issues in resource and demand analysis, with presentations by academic researchers and industry professionals, to introduce students to current issues in resource and demand analysis, and to develop their critical thinking about addressing these issues.

AAE 776

The second in a 2-course sequence that comprises the capstone course in Resource and Energy Demand Analysis, in which students synthesize their training in a simulated "real world" analysis. The courses is designed to reflect the full range of professional responsibilities of a resource/energy demand analyst, from data retrieval/cleaning, to analysis, to reporting.