Global Energy Management Core Courses
GEMM 6000 – 21st Century Global Energy Issues and Realities
Course provides an introduction to the global energy industry’s—past, present, and future. History and current issues faced in regions such as the Atlantic Basin; former Soviet Union; East of Suez; and North and South America will be covered. World production centers and markets are discussed as well as relevant energy security, scenario planning and risk management. Regulation, deregulation and environmental concerns in these regions are also introduced. In addition, students will learn the geographic distribution of energy resources worldwide along with the political and governmental systems associated with those resources.
GEMM 6100 – Global Energy Economics
Course includes energy geo-economics with an introduction to managerial tools of the trade. Topics will include world energy markets—demand and supply, refining and marketing, energy forecasts, oil, and gas transportation, and National Oil Companies vs. International Oil Companies. An introduction to environmental economics will also help students connect the energy industry to sustainable work practices.
GEMM 6200 – Environmental, Regulatory, Legal and Political Environment in the Energy Industry
Explores the current political situation regarding the energy industry and its environmental impact, both in the short term and long term. The course deals with environmental and energy laws and regulations from a regional to international level. Topics will include climate change, pollution, solid wastes, and the conservation of natural resources. Additionally, students will be introduced to operating agreements and ﬁnancial arrangements on domestic and foreign lands, conﬁdentiality, and bidding agreements.
GEMM 6300 – Technical Aspects of Energy Science
This course is designed to familiarize students with the science behind energy sources. This course focuses on both hydrocarbon and renewable/alternative sources of energy and examines what challenges and opportunities exist for the establishment of those energy sources as viable industries.
GEMM 6400 – Leadership and Decision Making in the Global Energy Environment
This course provides an opportunity to examine leadership from the executive perspective in energy organizations. Topics that are covered include how executives lead change and innovation, interacting with their top management teams, dealing with the board of directors, leadership issues involved with governance of the firm, strategies for enhancing executive influence, and the ethics and responsibilities of the executive leader.
GEMM 6500 – Managerial Accounting in Global Energy Markets
This course builds a basic understanding of how information regarding a firm’s resources and obligations is conveyed to decision makers both outside and within the firm. Emphasis is placed on analysis of the income statement, balance sheet, and statement of cash flows, which allows students to interpret historical financial accounting information. Specific coverage includes cost-volume-profit analysis, variances from forecasts, joint interest accounting, and the measurement of divisional performance.
GEMM 6600 – Introduction to Financial Management in the Global Energy Market
Introduction to the fundamental principles of asset valuation and financing in competitive global financial markets. Provides students with the necessary tools to analyze the financial issues they will face on a day-to-day basis in the industry. Students completing this course will be fully conversant with the time value of money, valuation of income streams, and risk weighted investment returns. Topics such as risk management will help students understand risk and return. In discussing arbitrage and hedging, we demonstrate how to hedge market risk, interest rate risk, and foreign exchange risk through the use of futures and options.
GEMM 6410 – Strategic Human Capital Management in the Global Energy Environment
People are your most important energy asset. This class will explain why this is indeed true. Students will learn about the latest research in human resource theories, study various human resource models, and learn about ways to develop organizational effectiveness from the firm’s human capital. Concepts and techniques on developing effective international teamwork, attracting and retaining talent, and using human resource processes such as performance management and development to drive engagement will also be discussed.
Global Energy Management Electives
GEMM 6210 – Energy Law: Property, Contracts and Transactions
This elective will focus on the process of managing the use and development of land resources. The course examines the ways that private persons and companies make their own law through negotiating and entering into contracts, the creation and transfer of interests in real property and intellectual property, and the framework for land ownership and land use both in the United States and internationally.
GEMM 6220 – Interacting with Governments and State Enterprises
Globalization of many energy companies, dwindling U.S. energy sources, and growing overseas energy demand have increased the need for energy professionals to gain expertise in doing business with foreign governments and state enterprises, which play a much greater role in the ownership and operation of energy extraction and energy delivery in virtually all countries beyond the United States and Canada. This course reviews negotiation strategies in the context of uncertain contract enforcement, volatility and uncertainty of prices and restrictions, and highly contentious political contexts. It also reviews the approaches for interacting effectively with state enterprises that are often under-capitalized and inefficient, and examines how valuation of energy assets can take into account political risk, policy risk, and requirements to provide infrastructure and social services.
GEMM 6430 – Organizational Behavior in the Energy Industry
Intended for students responsible for leading and managing human assets inside the energy industry. Exposes students to fundamental principles of understanding human behavior and increases their competence in working across a wide variety of group settings. Proper management of the organization creates a sustainable competitive advantage, which is the product of understanding how to manage the proper employees and develop them into an enthusiast of your organization.
GEMM 6470 – Energy Marketing
This course will cover the challenges faced by the energy industry in developing brand image as well as developing new markets for its products. Marketing products and the company to its many stakeholders, in the face of competitive pressures, students will learn practical marketing tools and how they can be used to affect corporate strategy.
GEMM 6610 – Advanced Financial Management in the Energy Industry
Managers in the Energy Industry with practical skills and knowledge need to have superior understanding of how to apply those skills to attract and preserve capital as well as communicate with capital providers. This course is focused on understanding the costs and benefits of various forms of capital. Through examination of internal and external models managers will be able to assess alternative capital sources to achieve their strategic objectives. Also course introduces effective investor communication techniques.
GEMM 6620 – Energy Asset and Production Management
This course covers the management of an organization’s energy resources and facilities as well as broad coverage of project management processes. This course will also focus on managing the flow of information, materials, services, and money in a way which maximizes the efficiency of the capital expenditure and production process.
GEMM 6630 – Commercialization and Management/Leadership of Renewable Energies
This course will focus on the business aspects of running a renewable energy entity either as a separate company or sector within an established company. Students taking this course have completed a previous course on the basic science of renewable energy. This course is intended to focus on leadership issues and decision-making regarding renewable energy. As a significant part of the course, students will learn how to review information and data supplied to them by engineers, accountants, financial analysts, marketing managers, scientists, and other stakeholders within and outside their company including federal, state, and local governments and regulatory agencies to make sound business decisions.
GEMM 6690 – Special Topics
This elective course is a 1-2 credit course specially designed to provide international or domestic learning opportunities. The course will offer concentrated problem solving experiences within the energy industry through travel to industry significant cities and regions. Learn through a combination of lectures by GEM instructor, guest lectures, field trips, and seminars with experts on each day’s topics.