Major in Energy Business and Finance

Professor-In-Charge: Andrew N. Kleit, Ph.D.
ank1@psu.edu
507 Walker Building
University Park, PA 16802
Voice: 814-865-0711
Fax: 814-865-3663

This major, offered jointly by the College of Earth and Mineral Sciences and the Smeal College of Business, combines training in business, economics, finance, and the physical sciences with a core of classes focusing on the energy and related industries. The major helps students prepare for careers in the energy and resource industries, as well as financial institutions, non-profit groups, and international organizations dealing with energy and environmental issues. The curriculum also provides a strong base for further study in business, economics, law, and social sciences.

New market dynamics in energy and resource industries are leading to new employment opportunities for EBF graduates. Due to electricity deregulation there has been a dramatic increase in the demand by utility companies for employees who understand the basic sciences of energy while also understanding the basic roles of financial markets. Prior to this, deregulation in the oil and natural gas industries increased the demand for employment in those industries. In addition, there has been a dramatic increase in the number of energy commodities futures and options traded on major exchanges. One of the most interesting of those commodities contracts deals with weather derivatives, a market of great interest to many in EMS' program in meteorology. In general, EMS has significant interests in energy issues, ranging from climate change, through petroleum engineering and geology, including new technologies for the uses of coal and other energy sources, to concerns about pollution from fossil fuels.

Curriculum
For the B.S. degree in Energy Business and Finance, a minimum of 120 credits is required.

General Education: 45 credits
(30 of these 45 Credits are included in the REQUIREMENTS FOR THE MAJOR)

First Year Seminar:
(Included in REQUIREMENTS FOR THE MAJOR)
Intercultural and International Competence:
(Included in GENERAL EDUCATION course selection)
Writing Across the Curriculum:
(Included in REQUIREMENTS FOR THE MAJOR)

Electives: 21-26 credits

Requirements for the Major: 79-84 credits
(This includes 30 credits of General Education Courses: 9 credits of GN courses, 9 credits of GWS courses, 6 credits of GQ courses, and 6 credits of GS courses.)

Prescribed Courses (37 credits):
EMSC 100 GWS (3) Semester (1-2)
ENNEC 100 GS (3)* Semester (1-2)
ECON 002 GS (3)* Semester (1-2)
ACCTG 211 (4) Semester (3-4)
ECON 302 (3) Semester (3-4)
EMSC 301 (3) Semester (5-6)
EMSC 304 (3) Semester (5-6)
IB 303 GI (3) Semester (5-8)
INS 301 (3) Semester (5-8)
EMSC 401 (3)* Semester (7-8)
ENNEC 473 (3) Semester (7-8)
ENNEC 484W (3)* Semester (7-8)

Additional Courses (42-47 credits):
ENGL 015 GWS (3) or ENGL 030 GWS (3) Semester (1-2)
MATH 110 GQ (4) or MATH 140 GQ (4) Semester (1-2)
CMPSC 101 GQ (3) or CMPSC 203 GQ (4) Semester (1-2)
ENNEC 472 (3) or MS&IS 200 (4) or STAT 200 GQ (4) Semester(3-4)
ENG 202C GWS (3) or ENGL 202D GWS (3) Semester (7-8)
BLAW 243 (3) or [BA 241 (2) and BA 242 (2)] Semester (3-4)
ECON 004 GS (3)* or GEOG 100 GS (3)* Semester (3-4)
IST 110 (4) or MIS 204 (2) Semester (3-4)

Introductory Electives in the Earth and Mineral Sciences

Select 9 credits from:		Semester (1-6)
	EARTH 02 GN (3)	GEOSC 10 GN (3)	GEOSC 40 GN (3)
	EGEE 101 GN (3)	EGEE 102 GN (3)	MATSC 81 GN (3)
	METEO 3 GN (3)	METEO 101 GN (3)	GEOSC 20 GN (3) [GEOSC 01]
	GEOSC 21 GN (3)	GEOG 110 GN (3)	GEOG 115 GN (3)

Advanced Electives in the Earth and Mineral Sciences

Select 9 credits from:		Semester (5-8)
	ECON 428 (3)	EMSC 420 (3)	F SC 401 (3)
	F SC 431 (3)	GEOG 406 (3)	GEOG 410 (3)
	GEOG 470 (3)	GEOSCI 402W (3)	GEOSCI 454 (3)
	METEO 473 (3)	GEOSCI 320 (3)

*Students are required to get a C or better in these courses: ECON 002, ENNEC 100, EMSC 401, ENNEC 484W.

Specializations

EBF students will also have the opportunity to choose specializations in Earth Sciences, Energy, and Business and the Environment. Specializations consist of designated courses in the Introductory and Advanced Electives in the Earth and Mineral Sciences.

Earth Sciences

Introductory Electives in the Earth Sciences

Select 9 credits from:
	EARTH 02 GN (3)	GEOSC 20 GN (3) [GEOSC 01]	GEOSC 10 GN (3)
	GEOSC 21 GN (3)	GEOSC 40 GN (3)	GEOSC 201 (3)
	METEO 03 GN (3)	METEO 101 GN (3) [METEO 201]

Students should make sure that they have fulfilled their entire General Education requirements should they choose this specialization, as not all classes on the list meet General Education specifications.

Advanced Electives in the Earth Sciences

Select 9 credits from:
	GEOSC 320 (3)	Climate Change
	GEOSC 402W (3)	Natural Disasters
	GEOSC 454 (3)	Oil and Natural Gas
	METEO 473 (3)	Computers and Meteorology

EBF faculty are currently working on the specializations in Energy, and in Business and the Environment.