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14.43J - Energy Decisions, Markets, and Policies

14.43J/15.031J Energy Decisions, Markets, and Policies (Spring 2012, MIT OCW). Instructor: Professor Richard Schmalensee. This course examines the choices and constraints regarding sources and uses of energy by households, firms, and governments through a number of frameworks to describe and explain behavior at various levels of aggregation. Examples include a wide range of countries, scope, settings, and analytical approaches. (from ocw.mit.edu)

Lecture 15 - Non-Renewable Energy Resources

This lecture focuses on the state of non-renewable energy on the global market. Classic hotelling theory is covered in the beginning, and then oil, coal, and natural gas markets are analyzed over the across geographies and time.


Go to the Course Home or watch other lectures:

Lecture 01 - This Course and The U.S. Energy System
Lecture 02 - Comparative Energy Systems
Lecture 03 - U.S. Energy Problems
Lecture 04 - The Market and The State
Lecture 05 - Path Dependence in Energy Systems
Lecture 06 - Climate Science and Policy
Lecture 07
Lecture 08 - Economics of Energy Demand
Lecture 09 - Energy Use by Individuals and Households
Lecture 10 - Normative Frameworks for Business Decisions
Lecture 11 - Business Decisions in Reality: CHP at Hexion
Lecture 12 - Organizational Decision-Making: Biodiesel at MIT
Lecture 13 - Developing Profitable Strategies
Lecture 14 - Innovation and Energy Business Models
Lecture 15 - Non-Renewable Energy Resources
Lecture 16 - Shale: Opportunities & Challenges
Lecture 17 - (Yesterday's &) Today's Electric Power System
Lecture 18 - Tomorrow's Electric Power System
Lecture 19 - Making Public Policy
Lecture 20 - Social Movements
Lecture 21 - U.S. Environment Policy
Lecture 22 - Economic Development & Green Growth