Search Colleges, Exams, Schools & more
Login
Petroleum Economics and Management
Online
12 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Important dates
Certificate Exam Date
Start Date : 26 Apr, 2026
Courses and Certificate Fees
| Fees Informations | Certificate Availability | Certificate Providing Authority |
|---|---|---|
| INR 1000 | yes | IIT Kharagpur |
The Syllabus
- Introduction: Relevance And Syllabus, Role of Oil: Advantage of oil as carrier of energy; Energy and Sustainability
- Basics of Microeconomics, Analysis of Demand,Determinants of Demand, Analysis of Supply, Equilibrium, Concept of Elasticity, Revenue and Price Elasticity of Demand
- Petroleum Rents and Taxes,Welfare Analysis: Consumer and producer surplus, Government Intervention (Tax, Quota)
- Movement of Oil Price, Major Pricing Events, Sector Wise use of Oil, Oil Price in the recent times (impact of Covid and lockdown measures, Russia-Ukraine War)
- Structure of OPEC, Cartel, Role of OPEC in explaining oil price, Role of Saudi Arabia
- Petroleum as a depleting resource; Can depletion and rising costs explain price development, Cost performance of global oil industry and Oil Spills
- Structural Change and Resource Discovery, Theoeretical Framework, Sudden Discovery of Resource, Resource Curse, Dutch Disease and capacity destruction, Country Experiences
- Market Structure, Oligopoly market structure, Introduction to Game Theory: Prisoner’s Dilemma, Nash Equilibrium, Competition versus Collusion
- Collusive Oligopoly: Price leadership dominant firm model, Cartel
- Basics of utility, Intertemporal Allocation, Hotelling's Rule, Comparison of market structure
- Model of Economic Growth: without uncertainty, Discovery of Natural Resource
- Exchange Rate, Determination of Exchange Rate, Oil Price Shock, Implications of fiscal and trade policies (with special attention to exchange rate policies, BOP crisis and Indian economy)