Natural Resources and Environmental Economics (Field 7)

EE477 Energy Economics

3 (3-0-6) 

Prerequisites: EE311

Factors influencing energy resource production, processing, transportation and demand. Substitution among different energy resources. The importance of energy to the economy and the impacts of energy on the environment. The energy market structure and prices of different types of energy, along with problems in global oil pricing and the role of OPEC. Governmental policy on the provision, production and use of energy, including price regulation and provision, production, and efficient use. The use of alternative energy to replace fossil fuel. International cooperation and agreements related to energy sector. Each topic will include the discussion of case studies from Thailand, in order to encourage better understanding of situation and problems in the Thai context.