Program overview
KAPSARC's Acceleration Program is a hands-on initiative designed for senior undergraduates and graduates who recently obtained their bachelor’s degrees. Our 3-week program offers training in technical skills in the economics of energy and the environment, public policy, and business and communication skills. This comprehensive program aims to provide participants with the necessary knowledge and tools to advance their careers in the energy and environmental sectors.
Location
In-person
Language
English
Duration
3 weeks
Program Start
July 7, 2023
Program End
July 25, 2023
Program Content
The program is delivered in 3 weeks that focus on energy economics, public policy and business skills.
Week 1
Duration: 5 days
- Introduction to the economic reasoning
- Optimization problems and their 3 fundamental elements
- Valuing oil-related projects and policies from a public perspective: illustration with Saudi Arabia
- The circular flow and the production possibility frontier
- Consumer and Producer Decisions (utility vs profits maximization)
- Utility Maximization and the Demand Curve
- Case study: consumption function of Saudi Households
- The net present value (NPV), The internal rate of return (IRR)
- Production and cost theory
- Profit maximization
- Perfect competion
- Market equilibrium, monopoly, and the concept of efficiency
- Oligopoly
- Game Theory, Strategic Behavior
- Introduction to macroeconomics
- Economic growth and business cycles: Case study of the Saudi economy
- Inflation and unemployment and trade off
- Economic fluctuations: the aggregate demand and supply model
- Discussion of economic policies: monetary fiscal policy
- Discussion of economic policies
Week 2
Duration: 5 days
- Introduction to Econometrics; the "Sales Advertising" case study
- The Multiple Regression Model under Classical assumptions
- Inference in the Multiple regression model
- The extended "Sales Advertising" case study
- The ECM dynamic specification
- Case study: Sectoral investment analysis in Saudi Arabia
- Hotellingmodel for non renewables
- Case study: Globalization, energy security, public policy for decarbonization.
- Public goods, externalities, Lindahl equilibrium Pigou tax free rider
- The optimal Peak load pricing and the concept of LCOE
- The new electricity market design
- The oil market and pricing strategies
- Case study: The long-term KOMO Petrochemical Demand Model
- Case study: convergence toward SDG's
- Climate change and environmental economics
- Climate change and environmental economics
- The Economics and Resource Potential of Hydrogen Production in Saudi Arabia
- Paris Agreement, COP28, Decarbonization to 2050
- Presentation and discussion of project work
Week 3
Duration: 5 days
- Presentation Skills I
- Problem Solving
- Research and Analysis
- Finance
- Project Execution
- Presentation Skills II & Capstone
Learning Outcomes
Develop historical and analytical foundations to survey and assess some of the most important issues relating to the international energy system
Acquisition of problem analysis skills and the ability to identify the information necessary for their solution.
Enhancing communication skills: Understanding the business and technical vocabulary of energy and environmental economics.
Develop technical economic knowledge to autonomously understand and interpret the techniques of analysis of the energy markets, supply and demand, and energy project investment evaluation.
Adopt result-oriented thinking, innovate new ideas and solutions, articulate a clear and powerful problem / solution statement, strategize for better on-time outcomes.
Effective executing through benchmark best practices, plan and execute executive projects effectively, and present with confidence in a group setting.
Who Should Attend?
Senior undergraduates and recent college graduates
Senior undergraduates and recent college graduates seeking to accelerate their professional careers and gain a competitive edge.
Proficiency of written and spoken English
The program will be delivered in English. Applicants should be proficient in written and spoken English.
Faculty
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Marzia Galeotti
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Carlo Andrea Bollino
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Baltasar Manzano
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Matteo Manera
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Nelson Gayton
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Carmen Franco
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Program Partner
Luiss Business School
Fullbridge
Contact us
Please do not hesitate to contact us if you need more information or require support.
Phone
011-2904099
exed@kapsarc.org
Business Hours
Sunday - Thursday
8:00 am - 4:00 pm