Course Overview
Over the past three decades the impact of the energy industry on the North American economy has dramatically increased as North American governments have implemented various levels of deregulation. This has resulted in extreme price volatility for both the individual consumers and business. The purpose of this course is to provide business students with a broad introductory overview of the economic impact of the energy industry on consumers and business in Canada as it has evolved since its deregulation in the 1980's.
Prerequisite(s)
- Acceptance into the Bachelor of Business Administration program.
Credits
3.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of this course the student will be able to:
- Describe traditional sources of energy in Canada including: where it is found and how it is transported to consumers (Natural Gas/Oil/Electricity/Coal).
- Discuss the role of energy utilities in relation to the energy industry.
- Analyze and describe how energy is priced before and after deregulation, recent consumer choice options which have resulted in price fluctuations, the evolution of the NYMEX commodity paper markets and physical commodity pricing.
- Analyze supply/demand forces including: the finite nature of energy, energy storage options, the impacts of weather on North American energy, impacts of the economy, impacts of international events and the growing impacts of demand side management strategies.
- Analyse and strategically apply, using Case Study Examples, the impacts of energy costs on Business including household heating costs, manufacturing costs (production costs, fuel costs, operating costs (eg. airlines) and the impacts of the energy industry as a whole on the Canadian economy.
Effective as of Fall 2013
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.