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KAPSARC’s Acceleration Program

KAPSARC’s Acceleration Program

Program overview

KAPSARC's Acceleration Program is a hands-on initiative designed for senior undergraduates and graduates who recently obtained their bachelor’s degrees. Our 3-week program offers training in technical skills in the economics of energy and the environment, public policy, and business and communication skills. This comprehensive program aims to provide participants with the necessary knowledge and tools to advance their careers in the energy and environmental sectors.

Location

In-person

Language

English

Duration

3 weeks

Program Start

July 7, 2023

Program End

July 25, 2023

Program Content

The program is delivered in 3 weeks that focus on energy economics, public policy and business skills. 

Week 1

Duration: 5 days

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Day 1

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  • Introduction to the economic reasoning
  • Optimization problems and their 3 fundamental elements
  • Valuing oil-related projects and policies from a public perspective: illustration with Saudi Arabia
  • The circular flow and the production possibility frontier

Day 2

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  • Consumer and Producer Decisions (utility vs profits maximization)
  • Utility Maximization and the Demand Curve
  • Case study: consumption function of Saudi Households
  • The net present value (NPV), The internal rate of return (IRR)

Day 3

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  • Production and cost theory
  • Profit maximization
  • Perfect competion
  • Market equilibrium, monopoly, and the concept of efficiency

Day 4

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  • Oligopoly
  • Game Theory, Strategic Behavior
  • Introduction to macroeconomics
  • Economic growth and business cycles: Case study of the Saudi economy

Day 5

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  • Inflation and unemployment and trade off
  • Economic fluctuations: the aggregate demand and supply model
  • Discussion of economic policies: monetary fiscal policy
  • Discussion of economic policies

Week 2

Duration: 5 days

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Day 1

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  • Introduction to Econometrics; the "Sales Advertising" case study
  • The Multiple Regression Model under Classical assumptions
  • Inference in the Multiple regression model
  • The extended "Sales Advertising" case study

Day 2

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  • The ECM dynamic specification
  • Case study: Sectoral investment analysis in Saudi Arabia
  • Hotellingmodel for non renewables
  • Case study: Globalization, energy security, public policy for decarbonization.

Day 3

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  • Public goods, externalities, Lindahl equilibrium Pigou tax free rider
  • The optimal Peak load pricing and the concept of LCOE
  • The new electricity market design
  • The oil market and pricing strategies

Day 4

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  • Case study: The long-term KOMO Petrochemical Demand Model
  • Case study: convergence toward SDG's
  • Climate change and environmental economics
  • Climate change and environmental economics

Day 5

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  • The Economics and Resource Potential of Hydrogen Production in Saudi Arabia
  • Paris Agreement, COP28, Decarbonization to 2050
  • Presentation and discussion of project work

Week 3

Duration: 5 days

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Day 1

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  • Presentation Skills I
  • Problem Solving

Day 2

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  • Research and Analysis

Day 3

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  • Finance

Day 4

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  • Project Execution

Day 5

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  • Presentation Skills II & Capstone

Learning Outcomes

  • Develop historical and analytical foundations to survey and assess some of the most important issues relating to the international energy system

  • Acquisition of problem analysis skills and the ability to identify the information necessary for their solution.

  • Enhancing communication skills: Understanding the business and technical vocabulary of energy and environmental economics.

  • Develop technical economic knowledge to autonomously understand and interpret the techniques of analysis of the energy markets, supply and demand, and energy project investment evaluation.

  • Adopt result-oriented thinking, innovate new ideas and solutions, articulate a clear and powerful problem / solution statement, strategize for better on-time outcomes.

  • Effective executing through benchmark best practices, plan and execute executive projects effectively, and present with confidence in a group setting.

Who Should Attend?

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Senior undergraduates and recent college graduates

Senior undergraduates and recent college graduates seeking to accelerate their professional careers and gain a competitive edge.

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Proficiency of written and spoken English

The program will be delivered in English. Applicants should be proficient in written and spoken English.

Faculty

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Marzia Galeotti

Marzio is professor of Environmental and Energy Economics at the University of Milan and a visiting researcher at KAPSARC. He graduated from Bocconi University in Milan and holds a M.Phil. and a Ph.D. in Economics from New York University. He is a research fellow at the Center for Research on Energy and Environmental Economics and Policy (IEFE) at Bocconi University. Founder and first president of the Italian Association of Environmental and Resource Economists, he has been an expert reviewer of the Intergovernmental Panel on Climate Change (IPCC) Third, Fourth, and Fifth assessment reports for Working Group III on and the coordinator of the Climate Change Modelling and Policy research program of the Fondazione Eni Enrico Mattei in Milan. He has published extensively in scholarly journals and actively participates to the policy debate through media interviews, comments and articles in newspapers and magazines and speeches and presentations in non-academic public events.

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Carlo Andrea Bollino

Carlo Andrea Bollino is a Professor of Economics at the University of Perugia and Professor of Energy Economics at the University LUISS, Rome. He holds a Ph.D. in Economics from the University of Pennsylvania, where he was supervised by Nobel laureate Professor Lawrence Klein. He has been a Visiting Researcher at KAPSARC since 2015, focusing on econometric analysis, electricity market reform and climate change policy analysis. He is a Visiting Professor at Technische Universität, Berlin, Germany, the President (honorary) of the Italian Association for Energy Economics. He was the President of the IAEE in 2008, the President of GSE (Italian Renewable Energy Agency) and GRTN (Italian Electric Transmission network); Energy Advisor to the Minister of Industry and Ministry of Treasury of Italy; Chief Economist, ENI; Economist, Bank of Italy; and a Research Associate at Project Link for the United Nations. He has testified to the Italian Senate and Parliament briefings and has provided various governments with technical and policy reports on electricity market liberalization and renewable energy developments.

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Baltasar Manzano

Baltasar is an associate professor of economics at the University of Vigo and has been a visiting researcher at KAPSARC since 2014. From 2005 to 2009, he served as an economic advisor to the president of Galicia. Baltasar has a Ph.D. in economics from the Universidad Complutense, Madrid and has published extensively in academic journals, mainly focusing on the intersection of macroeconomics and energy.

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Matteo Manera

Prof. Matteo Manera is a Professor of Econometrics at the Department of Economics, Management and Statistics (DEMS), University of Milano-Bicocca, Italy. He is the Deputy Director of the Doctoral School at the University of Milano-Bicocca, Italy. He is the Coordinator of the PhD programme in Economics, Statistics and Data Science at DEMS. He has been heading the DEMS Recruiting Committee on the European Job Market since 2018. He is Charter Fellow of the Energy Industry research programme at RUDN University, Moscow, Russia. He is Director of the research programme “Econometrics of the Energy Transition” at the Fondazione Eni Enrico Mattei (FEEM), Milano, Italy. He is Principal Investigator of the project “ESG Practices in Emerging Economies and Climate Transition in Europe”, European Investment Bank. He is Editor of Economics, the open-access De Gruyter journal (ISSN: 1864-6042) and Editor of Energies, the open-access MDPI journal (ISSN: 1996-1073). He is member of the Editorial Boards of the Journal of Economics and Finance (ISSN: 10550925, 19389744), Springer, of “Equilibri” (ISSN: 1594-7580), Il Mulino, Bologna, Italy and of “Equilibri Magazine” (ISSN: 2974-6299), FEEM, Milano, Italy. He is Adjunct Professor at the Faculty of Economics, Chiang Mai University, Thailand. He is Principal Investigator of a Marie Sklodowska-Curie Actions Postdoctoral Fellowship (HORIZON-MSCA-2021-PF) at FEEM on the project “Dependencies and Volatility Spillovers Among Carbon, Energy, and Stock Markets in the EU”. He is the Chair of the scientific committee of the 4th Italian Workshop on Econometrics and Empirical Economics (IWEEE 2024), organized by the Italian Econometric Association (SIdE) at the Free University of Bolzano.

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Nelson Gayton

NELSON GAYTON holds an MBA from the Harvard Business School, and MFA in Digital Media from UCLA and a BSM from the A.B. Freeman School of Business at Tulane University. He has also served as a Visiting Scholar to the University of Manchester Institute of Science & Technology (UMIST) and the Manchester Business School in the United Kingdom. He has served as a Faculty member at the Wharton School at the University of Pennsylvania where he also was Founding Managing Director of the School’s think tank in digital media, creativity and innovation, and later was instrumental in establishing the Wharton Customer Analytics Initiative. Prior to Wharton, Nelson served as a General Partner of the venture management firm, Crayon Venture Partners, and as a senior executive at Electronic Data Systems in London where he was responsible for business development, including the execution of over $25 million in strategic alliances and acquisitions. He began his career as a merchant banker with the Hong Kong Shanghai Corporation (HSBC). Nelson is a noted speaker and industry panelist, having also served on the faculty of UCLA Anderson School of Management and served as the Founding Executive Director of the School’s Center of Excellence in Media, Technology & Innovation. He is a published author of case studies at the Harvard Business School and a frequent contributor to knowledge publications, like Knowledge @ Wharton, Forbes and NPR just to name a few. Nelson is one of Fullbridge’s most highly rated and reviewed master coaches. He has coached programs for Fullbridge in many countries around the world with particular expertise delivering to a Saudi audience.

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Carmen Franco

Carmen has a Master’s of Education from New York University (NYU) in conjunction with The Costume Institute and The Metropolitan Museum of Art. She has worked on exhibitions at The Costume Institute spearheaded by the legendary Diana Vreeland, former Editor-In-Chief at Vogue.

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Program Partner

future300Vector

Luiss Business School 

Luiss Business School

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Fullbridge

The Fullbridge Program - Wikipedia

Contact us

Please do not hesitate to contact us if you need more information or require support. 

Phone

011-2904099

Business Hours

Sunday - Thursday 

8:00 am - 4:00 pm