This course provides students with a better understanding of the structure of energy and resource markets. An overview of the theory and empirical practice of economic analysis will be used in evaluating energy and environmental problems. Topics covered include the natural resource economics, as well as electricity and oil markets. Other topics include environmental policy (pollution and economic efficiency); analysis of economic instruments, such as tradable property rights and pollution taxes; the allocation of non-renewable and renewable resources; and contemporary issues of growth, sustainable development and climate change. They will also be able to understand electricity markets and the economics of climate change.