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Viewing: IBUS 4403 : Oil: Industry, Economy, and Society

Last approved: Mon, 17 Apr 2017 08:03:13 GMT

Last edit: Sun, 02 Apr 2017 15:47:51 GMT

Catalog Pages referencing this course
School of Business
International Business (IBUS)
Oil: Industry, Economy, and Society
Oil: Industry, Econ, & Society
Fall 2017
Course Type
Default Grading Method
Letter Grade
juniors and seniors who are familiar with economics measures and concepts at the level of ECON 1011 and ECON 1012


Frequency of Offering

Term(s) Offered

Are there Course Equivalents?
Fee Type


Multidisciplinary approach, related primarily to political economy and management, to oil and its effects on business, nation-states, and the world economy.

1. Understanding of the development of the oil industry in historical context, including key nations and companies.
2. Ability to analyze the various roles played by resource-rich states and resource-poor states, as well as causes and effects of resource nationalism and resource mercantilism.
3. Analysis of political risk, and negotiations between multinational companies and oil-producing countries.
4. Identification of key factors influencing competitiveness in global resource industries.
5. Students will develop perspectives on the roles played by oil in society, including the rentier state, and the resource course.
6. Ability to analyze corporate-governance issues that arise in the industry.
7. Ability to explain causes and effects of oil crises.
8. Ability to assess arguments for and against the proposition that oil production has “peaked,” and the claimed consequences of “running out.”
9. Ability to explain the relationship between the public and private sectors as manifested in a global industry.
10. Ability to identify and use resources for research on the oil sector in the global economy; familiarity with the types of data often used.

Course Attribute

2/5 emailed K. Rogan re: submitting syllabus with independent learning statement

Have added independent learning statement.
cbeil (Wed, 08 Feb 2017 02:48:22 GMT): Rollback: Syllabus needs to include a statement about amount of time students will spend in- and out-of-class preparing for course.
gharris (Sat, 25 Feb 2017 23:59:07 GMT): Rollback: The following is required (prerequisite) per the syllabus but 'recommended background' on the courseleaf form: "Junior or senior standing and familiarity with economics measures and concepts at the level of ECON 1011 and ECON 1012." Please reconcile and resubmit.
Key: 10646