Welcome to Introduction to Energy and Earth Sciences Economics
Quick Facts about EBF 200
Barry Posner, PhD. Adjunct Instructor, John A. Dutton e-Education Institute, The Pennsylvania State University
Andrew Kleit, PhD. Professor of Energy and Environmental Economics, Department of Meteorology and Atmospheric Science, The Pennsylvania State University
Farid Tayari, PhD., Assistant Teaching Professor of Energy Business and Finance, Department of Energy and Mineral Engineering, The Pennsylvania State University
EBF 200 is a required course in Penn State's online Bachelor of Arts in Energy Business and Policy. It is also required in the online Bachelor of Arts in Energy and Sustainability Policy as well as in Penn State's resident Bachelor of Arts in Energy Business and Finance. This course introduces the economic method of analysis to the environmental and resource questions facing society.
This website provides the primary instructional materials for the course. The Resources menu links to important supporting materials, while the Lessons menu links to the course lessons. Canvas, Penn State's course management system, is used to support the delivery of this course as well, as it provides the primary communications, calendaring, and submission tools for the course.
Topics of Study
This class introduces the economic method of analysis to the environmental and resource questions facing society. It introduces a "paradigm," a way of thinking, that has four elements:
- What advantages can be gained by using market forces?
- What are the drawbacks of the market ("market failures") that may lead to a rationale for government intervention?
- What are the drawbacks of using government intervention ("government failure")?
- How do you apply these three concepts to real-world situations?
This course is offered as part of the Open Educational Resources initiative of Penn State's John A. Dutton e-Education Institute. You are welcome to use and reuse materials that appear in this site (other than those copyrighted by others) subject to the licensing agreement linked to the bottom of this and every page.
Only students who register for this Penn State course gain access to assignments and instructor feedback, and earn academic credit. Information about Penn State's Online Energy and Sustainability program is available at the ESP Program Office.