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Lecturer(s)
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Mansurbeg Howri, Ph.D.
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Jirásek Jakub, doc. Ing. Ph.D.
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Spirov Pavel, Ing. Ph.D.
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Course content
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Introduction to financial reporting for oil companies. Capital budgeting: Cash flow analysis, with emphasis on after-tax cash flows. Risk analysis: Probability theory and methods. Market theory: Supply and demand, oil price models, product prices. The national economy.
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Learning activities and teaching methods
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unspecified
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Learning outcomes
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Knowledge: Students should have a basic understanding of the principal economic framework for the petroleum sector. This includes financial reporting, capital budgeting, risk, markets and macroeconomics. Skills: Students should know how to evaluate projects by using net present value, risk models and optimization techniques and to use market models. General competence: Students should have a general theoretical understanding of economics in order to work towards profitable strategic goals for oil companies, government agencies and petroleum related companies.
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Prerequisites
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unspecified
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Assessment methods and criteria
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unspecified
Written exam
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Recommended literature
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A. P. H. Van Meurs. (1981). Modern Petroleum Economics. Van Meurs & Associates.
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J. G. Speight. (2011). An Introduction to Petroleum Technology, Economics and Politics. Wiley.
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