Duke - The Fuqua School of Business

Energy & Environment Concentration

Our modern life is based on the availability of low cost and reliable energy. To supply these energy needs, we have relied on a global system that combines vast physical infrastructure, complex economic and political relationships, and cutting-edge science and technology. This system—and the constantly increasing efficiency with which it has converted energy resources into usable energy—has allowed industrialization and the growth of a robust global economy.

Most of our energy needs are supplied by hydrocarbons. Yet supplies of these energy resources are finite, and at least in the case of petroleum, may soon face a peak in production capacity. Geopolitical events further constrain supplies; at the same time, demand is growing, especially in developing nations such as India and China. Finally, the environmental impacts of current energy systems are significant, and in the case of climate change, potentially catastrophic.

Rising energy costs, concerns about CO2 emissions, and worries about the environmental effects of "business as usual" have led many companies to look for ways to respond to current and future environmental issues. In particular, implementation of CO2 regulations, whether tax or cap-and-trade, will lead to a carbon-constrained economy; companies will have to find ways to control energy costs and emissions, develop a strategy for meeting regulatory requirements. Large opportunities for innovators and entrepreneurs will exist, as will pitfalls for companies that do not adapt to the new business environment.

In this concentration, students will learn about the energy industry, how energy and environmental issues will affect businesses in the future; tools for analyzing energy and environmental problems; and strategies that business can use to succeed in an economy in which energy and environmental issues are much more important than they have been in the past. The variety of business and non-business electives listed below provide the opportunity for a student to choose courses to fit his or her interests, ranging from a focus on specific energy topics to a more general coverage of energy, environment, and sustainability topics.

Coursework requirements:

To complete the concentration, a student must complete a total of 18 course credits according to the requirements shown below (credits in parentheses). These 18 credits are part of the total Fuqua credit requirement.

Required Courses
ENRGYENV 625 — Energy, Markets, & Innovation (3 credits) OR ENRGYENV 627 — Business Strategies for Sustainability (3 credits)
ENRGYENV 898H.01 (Fall) and 898H.02 (Spring) — Leading EDGE Student Seminar on Energy & Environment (1.5 credits/semester — total of 3 credits required for the concentration)

Depth Courses (minimum 2 courses):

Offered at Fuqua:
ENRGYENV 625 — Energy, Markets, & Innovation (3 credits) OR ENRGYENV 627 — Business Strategies for Sustainability (3 credits), if not taken to meet first requirement
ENRGYENV 626 — Modeling and Analysis for Environmental Sustainability (3 credits)
ENRGYENV 895 — Fuqua Client Consulting Practicum: Energy and Environment
Focus (6 credits)
ENRGYENV 898 — Special Topics -- Energy Policy GATE (3 credits)
MANAGEMT 750 — Social Entrepreneurship (3 credits) OR MANAGEMT 898 —  Advanced Social Entrepreneurship (3 credits)
MGRECON 782 — Environmental Economics [Note: not offered 2013-2014]

Offered through other schools at Duke*:
ENERGY 520 — Resource & Environmental Economics I (1.5 credits)
ENERGY 630 — Transportation and Energy (3 credits)
ENERGY 631 — Energy Technology and Impact on the Environment (3 credits)
ENERGY 635 — Energy Economics and Policy (1.5 credits)
ENERGY 711 — Energy and the Environment (3 credits)
ENERGY 790 — Renewables and the World's Poor (3 credits)
ENVIRON 638 — Environmental Life Cycle Analysis and Decision Making (3 credits)
ENVIRON 640 — Climate Change Economics and Policy (3 credits)
ENVIRON 712A — Hydrocarbons: Houston Field Trip (1 credit)
ENERGY 716 — Modeling for Energy Systems (3 credits)
ENVIRON 717 — Markets for Electric Power (3 credits)
ENVIRON 801 — Approaches to a Low Carbon Economy (1 credit)
LAW 235 — Environmental Law (3 credits)
LAW 327 — Energy Law (3 credits)
LAW 520 — Climate Change and the Law (2 credits)
PUBPOL 790.01 — Economic Development and Environmental Conservation (3 credits)

*Other courses offered through the Nicholas School (listed under ENVIRON) are also eligible with approval.

Breadth courses (minimum 2 courses):
ACCOUNTG 591 — Managerial Accounting (3 credits)
ACCOUNTG 598 — Valuation and Fundamental Analysis (3 credits)
DECISION 611 — Decision Models (3 credits)
DECISION 613 — Strategic Modeling and Business Dynamics (3 credits)
DECISION 614 — Statistical Forecasting (3 credits)
FINANCE 646 — Corporate Finance (3 credits)
FINANCE 648 — Derivatives (3 credits)
FINANCE 651 — Entrepreneurial Finance (3 credits)
FINANCE 661 — Raising Capital (3 credits)
MANAGEMT 738 — Managing Innovation in a Global Organization (3 credits)
MANAGEMT 746 — Power and Politics in Organizations (3 credits)
MARKETNG 796 — Market Intelligence (3 credits)
MARKETNG 797 — Consumer Behavior (3 credits)
MARKETNG 802 — Marketing Innovations (3 credits)
MGRECON 781 — Global Economic Environment of the Firm (3 credits)
MGRECON 788 — Competitive Analysis (3 credits)
OPERATNS 827 — Global Operations (3 credits)
OPERATNS 828 — Supply Chain Management (3 credits)
STRATEGY 838 — Entrepreneurial Strategy (3 credits)