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Viewing: IBUS 6400 : Oil: Industry, Economy, and Society

Last approved: Wed, 11 May 2016 08:32:47 GMT

Last edit: Mon, 09 May 2016 14:35:19 GMT

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School of Business
International Business (IBUS)
Oil: Industry, Economy, and Society
Oil: Industry, Econ, Society
Fall 2016
Course Type
Default Grading Method
Letter Grade

IAFF 6378 - Special Topics in Middle East Studies


Weiner, Maurer
Frequency of Offering

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IAFF 6378 - Special Topics in Middle East Studies
Fee Type


Multidisciplinary approach to the study of oil and its effects on business, nation-states, and the world economy, based primarily on political economy and management perspectives. Topics include the oil industry, the global oil environment, and the potential effects of oil on a society.
In addition to the specific objectives below, the course uses oil as a vehicle for applying and deepening understanding of intentional-business concepts. As by far the largest global industry, oil reflects and influences broader sociopolitical issues and developments, facilitating pedagogy. 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

Key: 9771