June 22, 2008
June 22, 2008
June 25, 2008
13.490.1 - 13.490.13
Energy and Environmental Economics Core Course Sequence for an Interdisciplinary Engineering Science Doctoral Program
Abstract An innovative feature of the Energy & Environmental Ph.D. Program at North Carolina Agricultural & Technical State University is a two course sequence in energy and environmental economics. The objective of these core courses is to provide engineering science doctoral students with economics tools that they can use in their dissertations and throughout their careers in analyzing new energy and environmental technologies. The first course, Theory and Practice of Energy and Environmental Economic Policy Analysis, provides the economic framework necessary for analyzing energy and environmental issues. Microeconomic and macroeconomic principles and analytical techniques relevant to the analysis of energy markets and environmental protection are covered. Current energy and environmental regulatory systems at the state, national, and international levels are presented. The second course, Application of Energy and Environmental Economic Policy Analysis, provides the quantitative economic techniques necessary for analyzing energy and environmental projects and issues. The course covers engineering economics techniques for energy project valuation and econometric techniques used in forecasting the supply of and the demand for energy and environmental services. Presented herein are details of the content and methods utilized in the courses and student feedback on them.
Introduction The Energy & Environmental (EES) Ph.D. program is a new interdisciplinary graduate program at North Carolina Agricultural & Technical State University that is now in its third year of operation.1 It has a current student body of eighteen students with its first graduate having graduated during fall 2007. The disciplinary backgrounds of the students include chemical engineering, mechanical engineering, civil and environmental engineering, electrical engineering, environmental science, applied mathematics, chemistry, physics, biology, and agricultural economics. A feature of the program that was incorporated into its initial design is a thread of exposure to energy and environmental economics. The rationale for inclusion of this thread included (1) to provide a vehicle for interdisciplinary conversations among students with a variety of engineering and physical science backgrounds, (2) to respond to numerous reports of the need for engineering graduates with strong technical skills as well as a broader education, and (3) to emphasize to students that energy and environmental technology decisions are driven by economic considerations.
The two course sequence EES 810 (Theory and Practice of Energy and Environmental Economic Policy Analysis) and EES 811 (Application of Energy and Environmental Economic Policy Analysis) are the starting point for the thread of economic analysis that runs throughout the EES course of study. This part of the EES curriculum is designed to provide students with some basic economic analysis tools that can be used throughout their career to analyze energy and environmental technologies not just in terms of technology issues but also in terms of economic and regulatory issues. EES 810 and EES 811 are required core courses that are taken during the first two semesters in the EES program. Material from the courses is included in the written qualifying exam that students take at the end of their first year of study. Additional
Kurkalova, L., & Schimmel, K., & Johnston, S. (2008, June), Energy And Environmental Economics Core Course Sequence For An Interdisciplinary Engineering Science Doctoral Program Paper presented at 2008 Annual Conference & Exposition, Pittsburgh, Pennsylvania. 10.18260/1-2--4423
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