Mar 29, 2024  
2019-2020 Undergraduate Catalog 
    
2019-2020 Undergraduate Catalog [ARCHIVED CATALOG]

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ECO 3850 - Geopolitics and Economics of World Oil Markets



Credits: 3

Prerequisite(s): ECO 2010

Description: The Geopolitics and Economics of World Oil Markets will cover and stress the importance of oil in the global economy from the early days to the present. The world economy has gone through a number of oil shock, some demand and some supply driven, and has adjusted but not without a cost. In the recent past, oil prices reached levels that surpassed the peaks of the late 1970s and crashed again to the low 30s. The volatility in global oil markets impacts the US and the world economy and can lead to sudden capital flows that reverberates through the global financial markets. The geopolitics of oil is a complex mix of economics and politics which impacts the oil producing and consuming nations. The course will also explore the surge in US oil production due to shale and fracking which upended the status quo and established the US as an emerging force in world oil markets and looks at the economics of alternatives and to what extent they can displace oil.

Note: Credit will be granted for only one prefix.

Cross Listed Course(s): PSC 3850



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