Introduction to Energy and Earth Sciences Economics

Course Description

Introduction to Energy and Earth Sciences is an introduction to microeconomic fundamentals with a focus on the applications of economics to energy and environmental markets. We will introduce the economic method of analysis to the environmental and resource questions facing society. We will learn about the market forces, supply and demand and how they are formed from two concepts of law of Diminishing Returns and Diminishing Marginal Utility. We extend our knowledge by exploring factors such as market dynamics and market equilibrium, government intervention and market power. At the end we will apply these concepts to real life examples and address Climate Change and Carbon Policy, Resource Scarcity and Energy Security, and Changes in the Electricity Business.

This course is part of the following programs: Bachelor of Arts in Energy and Sustainability Policy and Energy, Business, and Finance Minor.

Online Course

You can view the entire course here: Introduction to Energy and Earth Sciences Economics (EBF 200)

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Farid Tayari

I teach both online and in-residence courses in the Department of Energy and Mineral Engineering at Penn State University. I hold a Ph.D. in Energy Management and Policy, which is an interdisciplinary major between economics and engineering from The Penn State University. I also have an MBA from the University of Tehran, and a Bachelor's of science in Chemical Engineering from Sharif University. I have years of research and work experience in economic assessment of energy projects, especially in the field of oil, gas, and renewables. I'm also experienced in energy economics, policy analysis, mathematical modeling, quantitative simulation, and programming.