Petroleum Economics Syllabus for B.Tech Eighth sem is covered here. This gives the details about credits, number of hours and other details along with reference books for the course.
The detailed syllabus for Petroleum Economics B.Tech 2016-2017 (R13) eighthsem is as follows
OBJECTIVE: To understand the basic quantitative theories and methodologist in oil sector.
UNIT I [9 Hours]
Supply and demand curves, the elasticity of supply and demand, public finance concepts such as consumer surplus, excise and export taxes. Forecasting techniques for the energy industry, including energy prices. Demand and supply for natural gas, cured oil and pipeline transportation, determinants of energy demand, energy markets, energy pricing, stability and performance of energy markets.
UNIT II [9 Hours]
The economics of investment, Discounted cash flow analysis, Cost Benefit Analyses, Internal Rate of Return, NPV, Profitability Index, Natural Monopoly theory, National competition Policy, Gas Market Regulation, taxation of the oil and gas industry, government policy and trade permits, Monte Carlo analysis, Net Back Pricing, Transfer Pricing and regulatory aspects.
UNIT III [9 Hours]
Application of petroleum engineering principles and economics to the evaluation of oil and gas projects, evaluation principles, time value of money concepts, investment measures, cost estimation, price and production forecasting, risk and uncertainty, project selection and capital budgeting inflation, escalation, operating costs, depreciation, cost recovery.
TOTAL : 45 PERIODS
OUTCOME:
Students will be able to understand the concept and fundamentals of engineering economics of energy industry
TEXT BOOKS:
- Industrial Economics – An Introductory Textbook. R.R.Barthwal, 2nd Edition, New Age International Publisher.
- Managerial Economics – D.N.Divedi. 6th Revised Edition. Vikas Publishing House Private Ltd.
- Standard Handbook of Petroleum and Natural Gas Engineering. 2nd Edition. William C Lyons, Gary, C Plisga. Gulf Professional Publishing.
REFERENCES:
- Petroleum Engineering Handbook. Bradely, H.B. Society of Petroleum Engineers.
Richardson. Texas. - The Encyclopedia Americana, International Edition Volume 9, Grolier Incorporated.
For all other B.Tech PE 8th sem syllabus go to Anna University B.Tech PETROLEUM ENGINEERING (PE) 8th Sem Course Structure for (R13) Batch.All details and yearly new syllabus will be updated here time to time. Subscribe, like us on facebook and follow us on google plus for all updates.
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