Introduction to Business Management Strategies in Energy
|School||School of Business + Media|
|Minimum Passing Grade||50%|
|Start Date||September 08, 2021|
|End Date||December 08, 2021|
|Pre-requisites||Acceptance into the Bachelor of Business Administration program.|
Acknowledgement of Territories
The British Columbia Institute of Technology acknowledges that our campuses are located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam).
|Instructor to provide|
|Office Hours||Instructor to provide|
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.
Course Learning Outcomes/Competencies
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.
Course Schedule and Assignments
(Sept 8) In the Beginning….Resource Ownership…Regulatory Bodies
(Sept 15) Upstream Exploration - How is it found? What are they looking for?
(Sept 22) Drilling
Hand out Case Study # 1
(Sept 29) - Transportation Pipelines
(Oct 6) Case #1 DUE and Case Review
(Oct 13) Oil Sands
Hand out Case #2.
(Oct 20) Commodity Pricing Part 1
(Oct 27) Commodity Part 2
(Nov 3) Case #2 DUE and Case Review
(Nov 10) Industry Strategies Part 1
(Nov 17) Industry Strategies Part 2
(Nov 24) Course Review
(Dec 1) Final Exam
Any student who needs special assistance in the event of a medical emergency or building evacuation (either because of a disability or for any other reason) should promptly inform their course instructor(s) and Accessibility Services of their personal circumstances.
Human Rights, Harassment and Discrimination:
The BCIT community is made up of individuals from every ability, background, experience and identity, each contributing uniquely to the richness and diversity of the BCIT community as a whole. In recognition of this, and the intrinsic value of our diversity, BCIT seeks to foster a climate of collaboration, understanding and mutual respect between all members of the community and ensure an inclusive accessible working and learning environment where everyone can succeed.
Respect, Diversity, and Inclusion is a supportive resource for both students and employees of BCIT, to foster a respectful learning and working environment. Any student who feels that they are experiencing discrimination or harassment (personal or human rights-related) can confidentially access this resource for advice and support. Please see Policy 7507 – Harassment and Discrimination and accompanying procedure.
Students should make themselves aware of additional Education, Administration, Safety and other BCIT policies listed at https://www.bcit.ca/about/administration/policies.shtml
Guidelines for School of Business + Media
Students must successfully complete a course within a maximum of three (3) attempts at the course. Students with two attempts in a single course will be allowed to repeat the course only upon special written permission from the Associate Dean. Students who have not successfully completed a course within three attempts may not be eligible to graduate from their respective program.
Regular attendance in lectures and labs is seen as integral to student success, therefore, attendance in class is monitored. Unexcused absences in excess of 10% of the time prescribed for this course may result in the assignment of a failing grade. Attendance may be taken at any time during class. A student not present for attendance will be marked absent. A student who leaves class for a period of time deemed excessive by the instructor may be considered absent regardless of whether they are present when attendance is taken.
In case of illness or other unavoidable absence, students must communicate with the instructor, or the appropriate Program Head, as soon as possible (preferably in advance) indicating the reason for the absence. Students who are seeking accommodation for a medical absence must have a BCIT-approved medical certificate ). For other absences, students must be prepared to provide appropriate supporting documentation.
A student who has unexcused absences in excess of 10% of the time prescribed for the course by the Withdrawal Deadline is considered to have ‘Vanished’ and will be assigned a grade of ‘V’. In these cases, no further work will be graded.
These requirements are set out in accordance with BCIT Policy 5101 Student Regulations. More information regarding withdrawals from PTS courses is available at https://www.bcit.ca/pts/pts_withdrawals.shtml.
I verify that the content of this course outline is current.
Steve Yallouz, Program Head
August 31, 2021
I verify that this course outline has been reviewed.
Denise Calvert, Part Time Studies Coordinator
August 31, 2021
I verify that this course outline has been reviewed and complies with BCIT policy.
Kevin Wainwright, Interim Dean
September 03, 2021
Note: Should changes be required to the content of this course outline, students will be given reasonable notice.