ECON 3865


Apply now

If you have previously registered in this online course and wish to register again, please contact us at 453-4646 to complete the registration process.

Course No. and Title:

ECON3865 Energy Economics

Credit Value:

Three (3) credit hours

Course Description:

The course is designed for students majoring in different areas such as economics, business administration, engineering, geography, political science and other fields, whose interests lie in the area of energy sector. Each of the above groups of students will find its own niche in the course. The main objective of the course is to study basic economic concepts of energy consumption and production, structure of energy sector, conventional and alternative energy resources, policy instruments and environmental issues in energy development. The subject matter of the course focuses on current and evolving economic issues in energy sector, and also includes historical and political background.

Prerequisite: Any first year Introductory course in Economics. For UNB students, any of ECON1013, ECON1023 or ECON1073
Course Author:

Dr. Yuri Yevdokimov, Departments of Economics and Civil Engineering, UNB, Fredericton

Course Features:

The course materials include lecture notes with links to broad range of energy related readings as well as testing materials.

Course Format:

The course covers 14 topics organized as follows:

1. Introduction to Energy Economics
2. Energy Consumption or Demand for Energy
3. Energy Production or Supply of Energy
4. Market Structures in Energy Sector
5. Generalized Resource Scarcity
6. Static versus Dynamic Resource Allocation
7. Petroleum Market (I)
8. Petroleum Market (II)
9. Petroleum Market (III)
10. Natural Gas Market
11. Electricity Market
12. Renewable Energy Resources
13. Political Economy of Energy Sector
14. Energy Resources and Sustainability


Course Texts:

There is no a required textbook for the course. All materials are presented in lecture notes.

Assignments & Examinations:

There are 14 topic tests, midterm and final exam.

Topic tests: 1 test @ 1% = 1% and 13 tests @ 2% = 26%. The first test contains 10 multiple-choice questions while other 13 tests contain 20 multiple-choice questions each. Time allowed is approximately 2 minutes per question. Students have 2 attempts at each, and the best score is taken into account. Topic tests are worth 27% of final mark.

Midterm test contains 26 multiple-choice questions. Time allowed is 50 minutes. One attempt is allowed. Test is worth 13% of final mark.

Final exam contains 30 multiple-choice questions at value of 1% each and 6 numerical problems at 5% each. It is written online and time allowed is 120 minutes. Final is worth 60% of final mark.

All mid-term exams and final exams for online courses will be invigilated at an approved time and location. Please refer to the Online Exam Request Form to book.

Time Limit: 6 months from registration date. All course exams and/or assignments must be completed by the designated end date of your course.

Online courses are subject to an additional $100 non-refundable online fee per course. Fees are subject to change by the Board of Governors.
More information on fees for this course.

Methods of Payment:

Once you complete the Apply Now form below, please send payment. Methods of payment accepted:
Cash (Do not send in the mail. Please deliver to the College of Extended Learning, 2nd Level, Wu Centre, UNB Fredericton Campus)
Cheque or money order (Mail to UNB College of Extended Learning, PO Box 4400, Fredericton, New Brunswick, E3B 5A3)
MasterCard / VISA / American Express (Please call the College of Extended Learning at 1-866-599-4646  or 506 453-4646 with your credit card number, expiry date, and the name as it appears on the card. Please do not send credit card information via email).

Apply Now!
If you have previously registered in this online course and wish to register again, please contact us at 453-4646 to complete the registration process.