Special Topics in Strategic Management — Strategy in the Energy Economy

Reliable, affordable energy is foundational to modern economic activity and daily life, making the energy sector central to business strategy across the global economy as well as to societal well-being. But energy markets are among the most dynamic and strategically challenging in the world: prices are volatile, investments are capital-intensive and often irreversible, and regulation and public policy frequently matter as much as competitors.

This course examines how firms formulate and execute strategy in energy markets through an economics and strategy lens. It begins by developing economic foundations for understanding energy markets, including supply and demand, scarcity pricing, market power, regulation, and investment under uncertainty, and applies these tools to electricity, oil, natural gas, and energy infrastructure.

The course then turns to the environmental and climate consequences of energy production and use, focusing on externalities, policy, innovation, renewable energy, climate finance, and the role of business in the energy transition.