Temporary Preliminary Website (this website will move and change in January 2012)
Spring 2012 course syllabus is not yet available, but here is the Course Syllabus from last year
INFORMATION FOR STUDENTS WISHING TO
ENROLL IN THE COURSE:
Haas Full-Time MBA students: Enroll through the usual Haas bidding process.
Haas EWMBA and BCEMBA students: Please contact me
Non-Haas Graduate students: You can join the
waitlist for the course by enrolling through Telebears
into ENGIN 290.9. Then come to class during the first week. Students
will be selected from the waitlist based on attendance during the first week,
degree of preparation for the course, and credible commitment not to drop after
it is too late to allow another student to fill the slot. Questions regarding
Telebears registration may be directed to Susan
Reneau (sreneau@haas.berkeley.edu)
in the Management
of Technology program.
Undergraduate students: Undergrads are not allowed to take this course. You might consider taking EEP 147 : Regulation of Industry , Energy, and Environment, taught by Professor Meredith Fowlie in Agricultural & Resource Economics
Auditors: Auditing by graduate students and Haas MBA alumni may be allowed on a space-available basis.
PREREQUISITES FOR THE COURSE: Microeconomics, MBA201A or its near equivalent. An undergraduate intermediate microeconomics course probably fulfills this requirement, as does a masters-level microeconomics course. An undergraduate introduction to economics is not sufficient.
UNITS OF CREDIT: 3 units
CLASS FORMAT: Classes will be a mixture of lectures and case discussions.
REQUIRED READINGS: The course will use the textbook, Economics of Regulation and Antitrust , 4th edition, by Viscusi, Harrington and Vernon and a packet of readings and case materials. (We only use a few chapters of the textbook, but those are quite helpful to some students. This edition has been out for 5 years so there are plenty of used copies floating around.)
NO ELECTRONICS POLICY: This
course will follow the “no electronics” policy that was adopted in the MBA core
this year. Use of laptop computers,
cellphones, ipads, or other electronic devices during
class will not be permitted. If you have a certified medical need to use
a laptop in class, please come and talk to me about it.
Links to Readings
Instructions for accessing study.net
Class 1
Council of Economic Advisors,
Economic Report of the President, “Chapter
11: Recent Developments in Energy,” 2006.
S. Borenstein, "Cost,
Conflict and Climate: U.S. Challenges in the World Oil Market."
D. Rotman, “Natural Gas Changes the Energy Map,” MIT
Technology Review, November 2009.
J. Griffin and S. Puller, “A Primer on Electricity and the Economics of Deregulation,''
in Electricity Deregulation: Choices and Challenges, Griffin and Puller eds.,
Chicago: University of Chicago Press, 2005, pp. 1-11.
M
Mahoney, “Follow the Flow,” Technology Review, May/June 2010.
Class 2
S. Borenstein, “Understanding
Competitive Pricing and Market Power in Wholesale Electricity Markets,”
Electricity Journal, July 2000, pp. 49-57.
R. Smith,
“Electric Industry Capacity Glut Jolts Investors,” Wall Street Journal,
11/11/03.
J. Mouawad,
“A Fast-Growing Independent Strikes Gold in Oil Refining,” New York Times,
5/18/05.
J. Mouawad,
“Oil Refiners See Profits Sink as Consumption Falls,” New York Times, 5/14/08.
Class 3
Borenstein, Bushnell and
Lewis, "Market Power in California's Gasoline Market,"
Center for the Study of Energy Markets Working Paper #132, University of
California Energy Institute, May 2004.
Transcript of Reliant Traders
during California Electricity Crisis
Class 5
“Going, going, gone! A Survey of Auction
Types,” Agorics, Inc.
Class 9
U.S.
Department of Energy, Energy Information Administration, “Derivatives
and Risk Management in the Petroleum, Natural Gas, and Electricity Industries,”
October 2002, Section 2, pp. 3-14.
Class 17
S.
Borenstein, “Time-Varying Retail Electricity Prices: Theory and Practice,”
2005.
Class 18
Borenstein and Bushnell, "Retail
Policies and Competition in the Gasoline Industry," Center for the
Study of Energy Markets Working Paper #144, University of California Energy
Institute, May 2005.
Class 20
National
Research Council, Hidden Costs
of Energy: Unpriced Consequences of Energy Production
and Use, Summary, 2010.
Class 21
P. Portney, “Market-Based
Approaches to Environmental Policy,” Resources,
Summer 2003
Class 22
A.D. Ellerman and P. Joskow, “The
European Unions Emissions Trading System in
Perspective,” Pew Center on Global Climate Change, May 2008.
Class 27
J. Bushnell,
C. Peterman, C.Wolfram, “Local Solutions to Global
Problems: Policy Choice and Regulatory Jurisdiction,” National Bureau of
Economic Research Working Paper #13472, October 2007.
Class 28
S.
Borenstein, “The
Market Value and Cost of Solar Photovoltaic Electricity Production,” Center
for the Study of Energy Markets Working Paper #176, University of California
Energy Institute, January 2008.
Last Modified 1/22/11