Insider’sGuidetoEnergyBusinessandFinance(EBF)at

PennStateUniversity,AY2016-17

ForstudentsintheGeneralOptionwithaProgramYearof2015orLater

SethBlumsack,AssociateProfessorandEBFProgramChair

sab51@psu.edu

August2016

ThisversionoftheEBFInsider’sGuideisforstudentsintheGeneralOptionwithaprogramyearof2015orlater.IfyouareintheEnergyLandManagementOptionorhaveaprogramyearpriorto2015,adifferentsetofrequirementsappliestoyou.Pleaserefertotheappropriatecourserequirementsatwww.eme.psu.edu/ebf.

TableofContents1 ABOUTEBFANDTHEINSIDER’SGUIDE................................................................................41.1 GETTOKNOWYOURADVISOR!..............................................................................................................51.2 SCHEDULECLASSESEARLY!....................................................................................................................5

2 WHATISNEWINTHEEBFGENERALOPTION?..................................................................52.1 PREREQUISITESFOREBFCOURSES.......................................................................................................52.2 CHANGESINEBFCOURSEOFFERINGS..................................................................................................52.3 THREE-ATTEMPTCOURSEPOLICY........................................................................................................6

3 REQUIREMENTSFORTHEEBFGENERALOPTION............................................................63.1 ENTRYTOTHEMAJOR..............................................................................................................................63.2 OVERVIEWOFEBFGENERALOPTIONREQUIREMENTS....................................................................73.2.1 CourseworkRequirements...............................................................................................................73.2.2 SupplementaryTrainingandExperience..................................................................................8

3.3 ANIMPORTANTNOTEONMATHREQUIREMENTS.............................................................................93.4 COMMONCOURSESUBSTITUTIONS........................................................................................................93.5 CREDITFORSUMMERINTERNSHIPS...................................................................................................113.6 SUMMERCOURSEWORK........................................................................................................................113.7 HONORSCOURSEWORK.........................................................................................................................12

4 CONSIDERINGGRADUATESCHOOL?....................................................................................124.1 THEIUGPROGRAMINENERGYANDMINERALENGINEERING.....................................................13

5 DETAILEDCOURSEDESCRIPTIONS......................................................................................135.1 EBFGENERALOPTIONCOREANDREQUIREDCOURSES................................................................135.2 INTRODUCTORYELECTIVES..................................................................................................................215.3 ADVANCEDELECTIVES..........................................................................................................................215.3.1 AdvancedElectivesfromtheEnergyLandManagementOption.................................215.3.2 AdvancedElectivesfromOtherPrograms..............................................................................22

5.4 APPROVEDMINORSFORTHEEBFGENERALOPTION....................................................................25

1 AboutEBFandtheInsider’sGuideTheEnergyBusinessandFinancedegreeprogram,offeredthroughtheJohnandWillieLeoneFamilyDepartmentofEnergyandMineralEngineeringatPennState,isauniquedegreeprogramdesignedtotrainstudentsforcareersinenergyorrelatedindustries.TheGeneralOptionprovidesstudentswithbroadtraininginbusinessandeconomicsasrelevanttoenergyproduction,consumptionanddelivery.Studentsareexpectedtosupplementthistrainingwithanapprovedminor,concurrentmajor,ortermabroadexperience,dependingontheirpersonalandcareerinterests.TheGeneralOptionisdesignedforbreadthoftraining.Studentsinterestedinahighlyfocusedenergy-relateddegreeprogramshouldconsidertheEnergyLandManagementOptionratherthantheGeneralOption.MoreinformationontheEnergyLandManagementOptionisavailableathttp://www.eme.psu.edu/ebf/landmanagement-option.WhiletheEBFGeneralOptioncoversmanyoftheessentialsthatstudentswillfindinconventionaleconomicsorbusinessprograms,ourrequirementsaremuchmoredifficultthaneither.Inparticular,theEBFprogramexpectsalevelofcomfortwithmathematical,statisticalandquantitativethinkingthatishigherthanexpectationsineconomicsorbusiness.TheEBFInsider’sGuideisdesignedtoprovidestudentsintheGeneralOptionoftheEnergyBusinessandFinanceprogramatPennStatewithdetailedinformationonprogramrequirements,coursesavailabletostudentsinthemajor,andpathwaystograduation.Itexpandsuponinformationavailablethroughtwoonlineresources:

• TheEBFGeneralOptionprogramdescriptionavailablethroughtheUniversityBulletin(http://bulletins.psu.edu/undergrad/programs/baccalaureate/E/EBF,alsoknownasthe‘BlueBook’);

• TheRecommendedAcademicPlansfortheEBFGeneralOption(locatedathttps://rap.psu.edu/recommended-academic-plan-bs-energy-business-and-finance-general-option-ebf-gen-minor-universityandathttps://rap.psu.edu/recommended-academic-plan-bs-energy-business-and-finance-general-option-ebf-gen-semester-study).

TheEBFmajorhasanumberofaspectsthatsomestudentsfindcomplicated.TheInsider’sGuideisdesignedtoprovideaclearexplanationofprogramrequirementsandthecoursesthatmakeuptheEBFmajor.Tominimizepainandconfusion,allEBFGeneralOptionstudentsareurgedtoreadthisdocumentcarefullyandtotaketwoadditionalsteps.

1.1 GettoKnowYourAdvisor!Weencouragestudentstoknowtheiradvisors.Meetingwithyouradvisorregularlycansaveyoulotsoftrouble.Ifyoudonotknowwhoyourassignedadvisoris,checkinyourLionPATHStudentCenteroremailAlishaSimonatanw114@psu.edu.Ifthereisaquestionyouradvisorcannotanswer,pleasecontacttheprogramchair,Dr.Blumsack.Butdonotcontacttheprogramchairfirstwithanissueyouradvisorcanhandle.Youwillsimplybedirectedtotalktoyouradvisor.Ms.SimonisthededicatedacademicadvisorfortheEMEDepartmentandisavailabletoanswerquestions.Pleaseseehttp://www.eme.psu.edu/academics/undergraduate/advisingforinformationaboutwhichadvisingtopicstodiscusswithyourfacultyadvisororMs.Simon.

1.2 ScheduleClassesEarly!DemandforalmosteveryEBFcourseexceedscapacity.Itisthereforeimperativethatstudentsschedulecoursesasearlyaspossible.Ifyoudon’tknowwhenyourschedulingdateis,youcanfindoutinyourLionPATHStudentCenter.Wesuggestschedulingcoursesliterallyassoonasyoucan–at12:01amontheearliestdaythatyouareallowedtoschedule.Thereisverylittlethatthefacultyoradvisorscandotohelpyouifyoudelayscheduling,evenbyoneday!

2 WhatisNewintheEBFGeneralOption?

2.1 PrerequisitesforEBFCoursesStartingwiththefall2016term,wehavechangedsomeprerequisitesfor400-levelEBFcourses,asfollows:

• EBF401requiresEBF200,EBF301,EME460and3creditsofstatistics.• EBF473requiresEBF200,EBF301,MATH140and141and3creditsof

statistics.• EBF483requiresEBF200,EBF301,MATH140and3creditsofstatistics.• EBF484requiresEBF200,EBF301,MATH140and3creditsofstatistics.

StudentswillneedtoplanverycarefullytogetEBF200,EBF301andstatisticscompletedasearlyintheircareersaspossible.NotealsothatEBF473nowrequiresMATH141(notjustMATH140)!

2.2 ChangesinEBFCourseOfferingsStudentsshouldnotethefollowingchangesinEBFcoursesbeingofferedduringthe2016/17academicyear.

• EBF401willnotbeofferedinspring2017.• EBF472willbeofferedonlyinspring2017andwillnotbeofferedfall2016.• Dr.Kleitisofferinganewcourseinfall2016,EBF497,whichdealswith

energylandcontractingissues.WhilemostrelevanttostudentsintheLandManagementOption,studentsintheGeneralOptionmaytakethiscourseinplaceofEBF304(notethatEBF304usedtobecalledEBF304W).

• Ifallgoeswell,weplantostartofferingEBF483(electricitymarkets)onlineoverthesummer,startinginsummer2017.

2.3 Three-AttemptCoursePolicyArecentchangeinPennStatepolicyisthatstudentsmaynotattemptaPennStateclassmorethanthreetimes,regardlessofthecampusatwhichthecourseistaken(UniversityPark,CommonwealthCampusesorWorldCampus).An“attempt”isdefinedasreceivingagradeorlatedroppingthecourse.CoursestakeninasemesterwhenastudentwithdrawsfromtheUniversityorPennStateequivalentcoursestakenatotheruniversitiesarenotcountedas“attempts.”Studentsshouldbeawarethatthispolicyisretroactive,meaningthatifyouattemptedacoursethreetimesbeforethepolicywentintoplace,youmaynotsignupforthatcourseagain!Ifyouareinasituationwhereyouhaveattemptedarequiredclass(suchasMATH141)threetimeswithoutpassing,thenyoubasicallyhaveafewoptions:

• Youmaypetitiontotaketheclassafourthtime.TheprocessofpetitioningstartswithavisittotheEMEorEMSadvisors(AlishaSimonortheRyanFamilyStudentCenter).DonotseeyourfacultyadvisortoaskaboutpetitionsforexceptionstotheThree-Attemptpolicy.Studentsmustmeetcertaincriteriatohaveapetitionapproved;itisnotautomatic.

• YoumaytakeanequivalentclassatanotheruniversityandhavethecreditstransfertoPennState.

• YoumaylookforalternativemajorsbesidesEBF.

3 RequirementsfortheEBFGeneralOptionThissectiondetailstherequirementsfortheEBFGeneralOption.ItlargelyrepeatsmaterialavailablefromtheUniversityBulletin,butwithsomeadditionalinformation.

3.1 EntrytotheMajorStudentsmustcompleteallofthefollowingrequirementstoentertheEBFGeneralOption:

• Completionofatleast29.1creditsofcoursework;• CumulativeGPAof2.0orhigher;• CompletionofECON102andMATH140,withagradeofCorhigherineach.

3.2 OverviewofEBFGeneralOptionRequirementsTheEBFGeneralOptionrequirementsconsistofasetofcourseworkandsupplementarytrainingaimedatcomplementingthemajorcoursework.

3.2.1 CourseworkRequirementsWedividecourseworkfortheEBFGeneralOptionintocoreEBFcourses,requiredsupportingcourses,andelectives.CoreEBFCourses:EBF200,EBF301,EBF304,EBF401,EME460,EBF483or484,andEBF473.Thesecoursesprovidethebusinessandeconomicsfoundationforcareersintheenergyindustries.AgradeofCorhigherisrequiredforallcoreEBFcourseswiththeexceptionofEBF473.RequiredSupportingCourses:Mathematics:MATH140and141.AgradeofCorhigherisrequiredforeachofMATH140and141.TheEBFprogramtakesthisrequirementveryseriously.WewillnotacceptMATH110/111inplaceofMATH140/141.Evenifyouhavetakenhigher-levelmath,youstillneedtopassMATH140/141withagradeofCorhigherineach.Statistics:STAT301,401orEBF472.AgradeofCorhigherisrequired.ComputerProgramming:CMPSC101,CMPSC200,CMPSC201,orCMPSC202.Economics:ECON102,ECON104,ECON302.AgradeofCorhigherisrequiredforECON102andECON302.Business:ACCTG211,BLAW243(orBA241andBA242),IB303,RM302.AgradeofCorhigherisrequiredforRM302.English:ENGL15orENGL30,ENGL202CorENGL202D.Electives

• 6-7creditsofintroductoryelectives(200-levelorlower)fromanapprovedlist.

• 3creditsofadvancedelectives(400-level)fromanapprovedlist.TheapprovedelectiveslistscanbefoundinthePSUBulletin:http://bulletins.psu.edu/undergrad/programs/baccalaureate/E/EBF.

Somecoursesubstitutionsarepossible,andtheEBFprogramwillacceptawiderrangeofelectivesthanwhatisontheapprovedlist.CommonsubstitutionsarediscussedinSection3.4ofthisdocument.ElectivesthattheEBFprogramwillacceptarefoundinSection5,whichalsoprovidesdetailedcoursedescriptions.

3.2.2 SupplementaryTrainingandExperienceInadditiontothecourseworkrequirements,allEBFGeneralOptionstudentsarerequiredtoattainoneofthefollowing:

• Aconcurrentminorfromanapprovedlist,availableathttp://bulletins.psu.edu/undergrad/programs/baccalaureate/E/EBFandalsoontheRecommendedAcademicPlanswebsite,https://rap.psu.edu/recommended-academic-plan-bs-energy-business-and-finance-general-option-ebf-gen-minor-university.AdditionalinformationonapprovedminorsisalsoprovidedinSection5ofthisInsider’sGuide.

• Aconcurrentmajorinanysubject;• A15-credittermabroadprogramapprovedbytheprogramchairforEBF;• AminorinAsianStudiescombinedwithanapprovedsummertermabroad

experience.Studentswishingtofillthisrequirementusingaminorshouldbeawareoftwothings.

1. Itisthestudent’sresponsibility,nottheresponsibilityoftheEMEDepartmentoradvisors,toensurethatminorrequirementshavebeenmetpriortograduation.Beforestudentsarecertifiedforgraduation,theEBFprogramchairandEMEstaffwillcheckdegreeauditstoensurethatminorshavebeencompleted.Thedepartmentwillnotcertifystudentstograduateifminorrequirementshavenotbeencompleted.

2. AnystudentwantingtotakeaminornotontheapprovedlistshouldconsultwiththeEBFprogramchairwellinadvanceofstartingtotakecourseworkintheminor.Itistheprogramchair’sresponsibility,nottheresponsibilityofindividualfacultyoracademicadvisors,toapproveminorsthatarenotalreadyontheapprovedlist.Theprogramchairwillnotapproveminorsjustbecausealloftherequirementsfortheminorhavebeenfulfilled!Inparticular,studentsshouldbeawarethataminorinEconomicsorBusinessAdministrationcannotbeusedtofillthisEBFrequirement.

StudentsconsideringusingatermabroadexperiencetofillthisrequirementshouldlookattheEBFStudyAbroadGuide(postedontheEBFwebsite)andwillneedtoconsultwiththeirfacultyadvisorortheEBFprogramchairtodiscusstheappropriatenessofprogramsandcoursework.StudentstakingtermabroadprogramstomeettheEBFGeneralOptionrequirementareexpectedtotakeatleast12creditsofcourseworkrelevanttotheEBFprogram(i.e.,thatwouldfilltheEBF

coreorelectiverequirements,asopposedtogeneraleducationrequirements).Coursestakenduringthetermabroadexperiencecancoverspecificprogramrequirements.Forexample,astudentwhotakestheequivalentofIntermediateMicroeconomics(ECON302)duringatermabroadprogramwouldnotberequiredtotakeECON302atPennState.Pleasespeakwithyourfacultyadvisorconcerningtheuseofterm-abroadcoursestocoverspecificEBFprogramrequirements.StudentswishingtotakeanAsianStudiesminorinconjunctionwiththesummertermabroadexperiencearestronglyencouragedtoapplytotheDalianUniversityofTechnologysummerprograminChina.Formoreinformationseehttp://www.eme.psu.edu/ebf/dalianorcontactProf.AndrewKleit(coordinatorfortheDalianprogram).

3.3 AnImportantNoteonMathRequirementsTheEBFGeneralOptionrequirescompletionofbothMATH140andMATH141,withagradeofCorhigherineach.TheEBFprogramtakesthemathrequirementveryseriously.Ourexperiencehasbeenthatastudent’sgradeincalculusisoneofthebestpredictorsofsuccessintheEBFmajor.Weurgestudentstofulfillthemathematicsrequirementasearlyintheircareersaspossible.Themathematicsrequirementsforthemajorwillnotbewaived!ThismeansthatstudentsintheEBFGeneralOptionneedtotakeMATH140and141(oradirectequivalentfromanotherinstitution)andtoearnagradeofCorhigherinbothcourses.Inparticular,theprogramwillnolongeracceptMATH110inplaceofMATH140forentrancetomajorunderanycircumstances.StudentswhowereacceptedintotheprograminprioryearswithMATH110inplaceofMATH140shouldbeawarethatthemathdepartmentmaybecomemorestringentaboutprerequisites,meaningthatMATH140willneedtobetakenpriortoMATH141.TheEBFprogramcannotwaivethisprerequisitesincethatiscontrolledbythemathdepartment.StudentswhoweregrantedentrancetotheEBFmajorwithMATH110andaregrantedadmissiontoMATH141bythemathdepartmentmaypetitiontohaveMATH140waivedunderthefollowingcircumstances:

1. AgradeofCorhigherisearnedinMATH141.2. AgradeofBorhigherisearnedinMATH110(ThismeansthatagradeofB-

isnotsufficient).3. Achievedascoreof76%orhigherontheALEKSexam.

3.4 CommonCourseSubstitutionsManyEBFstudentsfillsomeoftheirprogramrequirementswithcoursestakenatotherinstitutions,orinsomecaseswithotherPennStatecoursesbesidesthoselistedinthecurriculum.Thereisathree-stepprocessforapprovingcoursesubstitutions:

1. Havethesubstitutionapprovedinwritingbyyourfacultyadvisorortheprogramchair.

2. Oncethesubstitutecourseappearsonyourdegreeaudit,filloutapetitionform(availablein110HoslerorintheRyanFamilyStudentCenter)andbringittoyouradvisortosign.

3. Placethecompletedpetitionformwithsupportingdocumentation(writtenapprovalsforthesubstitutionandtranscriptsfromotherinstitutionswhereappropriate)inDr.Blumsack’smailboxin110Hosler.

IfyoutakeacourseatanotheruniversitythatPennStaterecognizesasequivalenttooneofitsowncourses(youcanfindoutwhetherthisisthecasethroughLionPATH),thenyoudon’tneedtogothroughthecoursesubstitutionapprovalprocessbutyoudoneedtomakesurethatthetranscriptissenttothePennStateAdmissionsOffice.HerearesomeofthemorecommoncoursesubstitutionsusedbyEBFstudents:

• EitherEBF483orEBF484maycounttomeetcoreEBFrequirements.Ifastudenttakes(andpasses)both,onemaybeusedtofilltheadvancedelectiverequirement.StudentsareencouragedtotakebothEBF483and484butarenotrequiredto.

• VirtuallyanyintroductoryaccountingcoursefromacommunitycollegeorotheruniversitymaybeusedtomeettheACCTG211requirement.Manyintroductoryaccountingcoursesatotheruniversitiesare3-creditcourses,whereasACCTG211isa4-creditcourse.WewillwaivetheextracreditoftheACCTG211requirementforstudentstakingintroductoryaccountingatotheruniversities,thoughstudentswillstillneedtomeettherequirementof120creditsforgraduation.

• BA241andBA242maybetakeninplaceofBLAW243orBA243.• Studentsmaymeetthemathematicsrequirementsusingcalculuscourses

takenatcommunitycollegesorotheruniversities.YouwillneedtobesurethatthesubstitutecourseisaclosematchforMATH140or141.Inparticular,substitutecoursesshoulddemonstratetheuseoftrigonometricderivatives(whichareusedinMATH140and141butnotinMATH110).Studentsshouldbeawarethattheprogramchairwillbeverystringentinenforcingthisrequirement.Wedonotrequirethatasubstitutecalculuscoursetakenatanotheruniversitybea4-creditcourse.3-creditcalculuscoursesareacceptable,aslongastheyaretaughtattherightlevelandcoververysimilarmaterial.

• Studentsmaymeetthestatisticsrequirementusingacoursetakenatacommunitycollegeoranotheruniversity.EBFrequiresacalculus-basedstatisticscourse,andthisrequirementextendstoanysubstitutestatisticscourse.Theprogramchairwillnotapproveanysubstitutestatisticscoursethatdoesnothavecalculusasapre-requisite.

• EquivalentcoursesforECON102,ECON104andECON302canbefoundatmanyotheruniversities.

• StudentsmayelecttotakeacomputersciencecoursefromanotheruniversityoroneatPennStateotherthanthoselistedinthedegreerequirements.EBFrequiresacourseinaprogramminglanguage(e.g.,C++,Python,Matlab).Coursesinwordprocessingorspreadsheetmanagement(e.g.,Excel)orcoursesinwebdesign(HTML),forexample,donotmeetthisrequirement.

• FIN301orFIN305canbeusedinplaceofEBF401.TheSmealCollegeplacessomecontrolsonthesecoursesduringtheacademicyearbutsectionsareavailableoverthesummer,atsomebranchcampusesorthroughtheWorldCampus.CorporatefinancecoursesfromotheruniversitiesmaybeacceptablesubstitutesforEBF401butmustcoververysimilarmaterialandhaveastatisticsprerequisite.StudentsshouldbeawarethatBA301isnotanacceptablesubstituteforEBF401.

3.5 CreditforSummerInternshipsSomestudentswishtogetcreditforsummerinternships.Advancedstudentsinthegeneraloption(risingjuniorsorhigher)canmeettheir3-creditadvancedelectiverequirementusingaqualifiedinternship.Studentswishingtotakethisoptionmustmeetthefollowingrequirements:

1. Entrancetothemajorpriortothestartoftheinternship;2. Completionofatleastfoursemestersofuniversitycourseworkpriortothe

startoftheinternship;3. CompletionofEBF200andEBF301,withgradesofCorhigherineach.

Thereisafour-stepprocessforgettinginternshipcredit:

1. AninternshipthatclearlybuildsuponandcomplementstheEBFcurriculum(justworkingforanenergycompanyisnotsufficient–qualifyinginternshipswillutilizeindustryoranalyticskillsdevelopedthroughcourseworkorwillbuilduponastudent’sanalytictoolsinameaningfulway);

2. YoumustgetpermissionofyourfacultyadvisorbyJune1oftherelevantyear(muchearlierifpossible,sincemanyfacultytravelalotoverthesummer);

3. YouneedtosignupforasectionofENNEC496inthefallterm(youradvisorcanhelpwiththis);

4. Youneedtowritea20-pagepaperdescribingyourinternship,tobeevaluatedbyyouradvisor.

3.6 SummerCourseworkAnumberofEBFGeneralOptionrequirementscanbemetbytakingsummercourses,eitheratUniversityPark,onlineorthroughotherinstitutions.SomeEBF

corecourses,suchasEBF200andEBF301,canbetakenoverthesummerthroughWorldCampus.Moreinformationonsummertimecourseavailabilityisavailableathttp://www.eme.psu.edu/sites/default/files/ebf-summertime.pdf.TheguidetosummertimecoursesforEBFstudentsisupdatedinJanuaryorFebruaryofeachyear.

3.7 HonorsCourseworkWestronglyencouragestudentswithGPAsgreaterthan3.7andatleastanA-inEBF200whohavenotyetenteredtheirjunioryeartoapplytotheSchreyerHonorsCollege.Moreinformationonthe“sophomoregateway”isavailablefromtheHonorsCollegeathttps://www.shc.psu.edu/admissions/apply/gateway.cfm.StudentswishingtowriteanEBFhonorsthesisareexpectedtotakeadditionalcourseworkinstatisticsbeyondwhatisrequiredfortheEBFGeneralOption–specifically,eitherECON490/306orSTAT462.TheEBFprogramwillallowthisadditionalstatisticsworktocountasthe3requiredadvancedelectivecredits.IfyouwishtoapplytotheHonorsCollegeattheendofyourfreshmanyear,pleasecontactDr.BlumsackaboutgettingintoEBF200ifyouhavenotyetscheduledit.Forstudentswithstrongquantitativeandanalyticalskills,theHonorsCollegeprovidesanexcellentpathwaytogetinvolvedinEBFfacultyresearch.Ifyouhaveanyinterestinresearch-basedgraduatestudysomeday(seeSection3),gettingresearchexperienceasanundergraduateisextremelybeneficial.ManyEBFhonorstheseswindupgettingpublished!

4 ConsideringGraduateSchool?TheEBFGeneralOptionpositionsstudentsverywellforgraduatestudyinanumberofareas,includingeconomics,finance,lawandpublicpolicy.Anumberofouralumnihavegoneontograduatestudy,eitherdirectlyfromPennStateorafterastintintheworkplace.StudentswithaninterestingraduatestudyshouldconsidertakingadditionalcourseworkthatcomplementstheEBFGeneralOptionandwillstrengthentheirapplications.Howbesttodothisdependsonthetypeofgraduatestudy–professionaldegrees(e.g.alawdegreeorMBA)orresearch-basedgraduatestudy(e.g.theM.S.orPh.D.).StudentswithaninterestingraduatestudyareencouragedtodiscussthetypeofprogramofinterestwithfacultyadvisorsorwithDr.Blumsack.StudentsinterestedinM.S.orPh.D.programsineconomics,financeorinsomecasespublicpolicyshouldplantotakeasmuchmathematicsandstatisticsaspossible.Minoringinmath,physicsorstatistics(ordouble-majoring)isverystronglyencouragedaspreparationbeforepursuingadmissiontoanM.S.orPh.D.programinoneofthesefields.Studentsinterestedinmostareasofprofessionalgraduatestudyareadvisedtotakecourseworkthatdevelopswrittencommunicationskills(suchas

history).AnexceptionmightbequantitativeMBAprograms,wheremathematicalskillsaremorehighlyvalued.

4.1 TheIUGPrograminEnergyandMineralEngineeringTheEMEDepartmenthasnowadoptedanIUGprogramwhichallowssuccessfulstudentstograduateinfiveyearswithboththeB.S.inEBFandtheM.S.inEnergyandMineralEngineering(EnergyManagementandPolicyOption).EBFGeneralOptionstudentswhowishtobeconsideredforthisprogramneedtohaveaGPAof3.5orbetterandshouldbepursuingaminorinarelevantengineeringfield(mathdoesnotcount).StudentsinterestedintheIUGoptionshoulddiscussthisinterestwithanadvisorassoonaspossible.

5 DetailedCourseDescriptionsThissectioncontainsdetaileddescriptionsofcoursesthatcanbeusedtomeetEBFrequirements(Sections4.1through4.3),aswellasalistofminorsthatwillsatisfyGeneralOptionrequirements(Section4.4).CoursedescriptionsarelargelyfromtheUniversityBulletin,withsomecommentary.Studentsshouldbeawarethatinsomecasestheprerequisitesarestrictlyenforcedandinsomecasesnot.PrerequisitecheckingacrosstheUniversitywillbecomemorestringentinthenearfuture,soitisalwaysbesttocheckwiththeinstructorordepartmentofferingthecourseifyouhavequestionsaboutprerequisites!

5.1 EBFGeneralOptionCoreandRequiredCoursesECON102(GS)INTRODUCTORYMICROECONOMICANALYSISANDPOLICY(3)Methodsofeconomicanalysisandtheiruse;pricedetermination;theoryofthefirm;distribution.AgradeofCorbetterisrequired.Studentsshouldtakethisasearlyaspossible(itisrequiredforentranceintothemajor).ItisofferedinthesummeratmostPSUcampuses,andequivalentsareofferedinthesummeratmostuniversities.ECON302(GS)INTERMEDIATEMICROECONOMICANALYSIS(3)Allocationofresourcesanddistributionofincomewithinvariousmarketstructures,withemphasisonanalyticaltools.Prerequisite:ECON102.AgradeofCorbetterisrequired.ThisshouldbetakenimmediatelyafterstudentstakeECON102,orduringsophomoreyearasstatedontheRecommendedAcademicPlan.Itcanbetakeninthesummeratseveralcampuses,andequivalentscanbetakenatmanyuniversities.

EBF200(GS)INTRODUCTIONTOENERGYANDEARTHSCIENCESECONOMICS(3)Resourceusedecisionsandtheireffectonlocal,national,andglobaldevelopment.AgradeofCorbetterisrequired.Prerequisite:ECON102Thisistheintroductorycoursetothemajor.ECON102isaprerequisite,alongwithMATH022(oramoreadvancedmathcourse).Itisofferedbothfallandspringsemesters,inpersonandontheweb.Itisofferedonlineinthesummer,andsomeotherPennStatecampusesarebeginningtoofferitperiodically.EBF301GLOBALFINANCEFORTHEEARTH,ENERGY,ANDMATERIALSINDUSTRIES(3)Theaimofthiscourseistointroducefundamentalconceptsoffinancialmanagementandillustratetheirglobalapplications.AgradeofCorbetterisrequired.Prerequisite:ECON102EBF301focusesoncommoditymarkets.StudentsshouldtakethiscourseearlyintheirEBFcareer,butnotbeforetakingECON102.Itisofferedinthefallandspringsemesters,andoverthesummer.Thiscourseisofferedonlyon-line.EBF304GLOBALMANAGEMENTFORTHEEARTH,ENERGY,ANDMATERIALSINDUSTRIES(3)Thisclassisdesignedtointroducestudentstomodernmanagementandorganizationstrategiesforresourcebusinesses.Prerequisite:EBF200.AgradeofCorbetterisrequired.Prerequisite:EBF200Weofferthisclass,whichfocusesonriskanalysisandmakingdecisionsinthefaceofuncertainty,duringbothsemesters.SinceEBF304isthewriting-intensivecoursefortheEBFprogram,seatsarelimitedandthecoursecanbehardtogetinto.StudentstakingaconcurrentmajorcanhavetheclasswiththewritingattributerequiredfortheirothermajorcountinplaceofEBF304.EBF401STRATEGICCORPORATEFINANCEFORTHEEARTH,ENERGY,ANDMATERIALSINDUSTRIES(3)Financialdecisionscorporationsintheearthscienceareamakeandthetoolsandanalysesusedtomakethesedecisions.AgradeofCorbetterisrequired.Prerequisites:EBF200,EBF301,EME460,3creditsofstatisticsandjuniororseniorstandingThiscourseisofferedonlyinthefallduringthe2016/17academicyear.StudentsmaytakeEBF301concurrentlywithEBF401duringfall2016,butinthefutureallprerequisitesforthiscoursewillbestrictlyenforced.TheprogramwillacceptFIN301or305asasubstitute,butEBFstudentsmaynotbeabletoschedulethesecoursesduringtheregularacademicyearduetocontrols.Itmaybepossibletofindacorporatefinancecourseatanotheruniversity,butthematerialwillneedtocloselymatchwhatistaughtinEBF401,andstatisticsmustbeaprerequisite.EBF473RISKMANAGEMENTINENERGYINDUSTRIES(3)Analysisofstrategiesformitigatingbusinessriskfrommarket,atmospheric,geophysicaluncertainties

includingtheuseofenergy/mineralcommodityfutures/options,weatherderivatives,andinsurance.Prerequisites:EBF200,EBF301,MATH140,MATH141,3creditsofstatisticsManystatisticsclasses(STAT200/301/401orEBF472)couldserveasthestatisticsprerequisite.NotethatMATH141isnowrequiredforEBF473!Thisisthemostchallengingcourseinthemajorandisoneofthemostrelevanttoemploymentopportunities.Lessthanfullymotivatedstudentstakingthiscoursesenioryearshouldbeware–youcanfailthisclass,ifyouworkatit!Alternativesforthisclassaredifficulttofind.ItmaybehelpfultotakeEBF401previouslyorconcurrently.EBF483IntroductiontoElectricityMarkets(3)Thiscoursewillintroducestudentstothestructureofregulatedandderegulatedelectricitymarkets;emergingenvironmentalregulationsshapingtheelectricityindustry;andthepotentialimpactsofthe"smartgrid"onelectricitygeneration,transmissionandutilization.Prerequisites:EBF200,EBF301,MATH140,3creditsofstatisticsStudentsarerequiredtotakeeitherEBF483orEBF484.Ifyoutakeboth,oneoftheclassescancountforthe400-levelelectivecourse.EBF483isofferedonlyinthespringterm.EBF483providesexcellentpreparationforacareerintheelectricpowersector.EBF484ENERGYECONOMICS(3)Economicsofenergydemand,production,storage,andpricing;advancedenergypolicyissuesincludingregulation,climatechange,newenergytechnology.Prerequisite:ECON102orEBF200,3creditsofcalculus.AgradeofCorbetterisrequired.Prerequisites:EBF200,EBF301,MATH140,3creditsofstatisticsEBF484focusesontheeconomicsoftheoilandnaturalgasindustries.StudentsarerequiredtotakeeitherEBF483orEBF484.Ifyoutakeboth,oneoftheclassescancountforthe400-levelelectivecourse.ENGL202C(GWS)EffectiveWriting:TechnicalWriting(3)Writingforstudentsinscientificandtechnicaldisciplines.(AstudentmaytakeonlyonecourseforcreditfromENGL202A,202B,202C,and202D.)Prerequisite:ENGL015orENGL030;fourth-semesterstandingOrENGL202D(GWS)EffectiveWriting:BusinessWriting(3)Writingreportsandothercommonformsofbusinesscommunication.(AstudentmaytakeonlyonecourseforcreditfromENGL202A,202B,202C,and202D.)Prerequisite:ENGL015orENGL030;fourth-semesterstanding

IB303(IL)INTERNATIONALBUSINESSOPERATIONS(3)Asurveyofthemajoraspectsofinternationalbusinessenvironmentandoperationswithanemphasisontheculturaldimension.Prerequisite:fifth-semesterstandingThisclassdoesnotappeartobetaughtatotherPSUcampusesbutmaybeofferedduringthesummeratUniversityPark.RM302RISKANDINSURANCE(3)Introductiontotheprinciplesandmethodsofhandlingbusinessandpersonalrisks;emphasisoninsurancetechniques.Prerequisite:fourth-semesterstanding.AgradeofCorbetterisrequired.EBFstudentsshouldplantotakethisclassinthefall,whentherearemanymoreseatsofferedthanduringthespring.EMSC100(GWS)EarthandMineralSciencesFirst-YearSeminar(3)Writing,speaking,andcriticalthinkingskillsappliedtotopicsofgeneralinterestinEnvironmentalandMaterialsScience.ThisisonlyforfirstyearstudentsintheEMSCollege.OrCAS100(GWS)EffectiveSpeech(3)Introductiontospeechcommunication:formalspeaking,groupdiscussion,analysisandevaluationofmessages.IfyouenteredtheEMSCollegeasafreshman,youshouldhavetakenEMSC100.IfyouenteredEMSafteryourfreshmanyear,youneedtotakeCAS100andafreshmanseminar.Youprobablyalreadytookthefreshmanseminarfromanothercollege.Ifyouareatransferstudent,youdonothavetotakethefreshmanseminar,andyouwillneedCAS100inplaceofEMSC100.ACCTG211FINANCIALANDMANAGERIALACCOUNTINGFORDECISIONMAKING(4)Introductiontotheroleofaccountingnumbersintheprocessofmanagingabusinessandininvestordecisionmaking.Thisisthestandardaccountingcourse,taughtatalmosteveryuniversityinthecountry.MostUPsectionsarenowofferedashybridresident-onlinecourses.Unfortunately,theSmealCollegehasmadeitdifficultforEBFstudentstotakethiscourseinthefallterm,soitisusuallytakeninthespringsemesterbyEBFstudents.Inthesummer,youmaywishtotakeitonlinethroughtheWorldCampusSubstitutesforthisclasscanbetakenatalmostalluniversities.Ifyoutakeanaccountingcourseatanotheruniversitythatisonlyworth3credits,PennStatewillnotrecognizeitas“ACCTG211”,butmerely“Accounting.”TheEBFprogramwillrecognize3-creditaccountingcoursesassatisfyingouraccountingrequirementas

longasthematerialissimilartoACCTG211.(ButstudentsshouldbeawarethatSmealwillnotaccept3-creditaccountingcoursesasequivalenttoACCTG211,whichmeansthatifyouwanttotakefinancecoursesthenyouneedtotakePennState’sversionofACCTG211.)CoursesinpersonalfinancearenotconsideredanappropriatesubstituteforACCTG211.CMPSC101(GQ)INTRODUCTIONTOALGORITHMICPROCESSES(3)Propertiesofalgorithms,languages,andnotationsfordescribingalgorithms,applicationsofaprocedure-orientedlanguagetoproblemsolving.Astudentmayreceivecreditforonlyoneofthefollowingcourses:CMPSC101,200,201,202,121.Prerequisite:2entranceunitsinmathematics.OrCMPSC121(GQ)IntroductiontoProgrammingTechniques(3)Designandimplementationofalgorithms.Structuredprogramming.Problemsolvingtechniques.Introductiontoahigh-levellanguage,includingarrays,procedures,andrecursion.Prerequisite:MATH110orMATH140OrCMPSC200(GQ)PROGRAMMINGFORENGINEERSWITHMATLAB(3)DevelopmentandimplementationofalgorithmsinaMATLABenvironment,withemphasisonnumericalmethodsforengineeringproblems.Studentscanreceivecreditforonlyoneofthefollowing:CMPSC101,200,201,202,121.Prerequisite:MATH140Concurrent:MATH141OrCMPSC201(GQ)PROGRAMMINGFORENGINEERSWITHC++(3)Developmentandimplementationofalgorithmsinaprocedure-orientedlanguage,withemphasisonnumericalmethodsforengineeringproblems.Studentscanreceivecreditforonlyoneofthefollowing:CMPSC101,200,201,202,121.Prerequisite:MATH140Concurrent:MATH141OrCMPSC202(GQ)ProgrammingforEngineerswithFORTRAN(3)Developmentandimplementationofalgorithmsinaprocedure-orientedlanguage,withemphasisonnumericalmethodsforengineeringproblems.Astudentmayreceivecreditforonlyoneofthefollowingcourses:CMPSC101,102,200,201,or202.Prerequisite:MATH140Concurrent:MATH141Theideahereisthatwewantyoutotakeaprogrammingclass.Lotsofalternativesareavailableatotheruniversities.

MATH140(GQ)CALCULUSWITHANALYTICGEOMETRYI(4)Functions,limits;analyticgeometry;derivatives,differentials,applications;integrals,applications.StudentsmayonlytakeonecourseforcreditfromMATH110,140,140A,140B,and140H.Prerequisite:MATH022,MATH026;orMATH040orMATH041orsatisfactoryperformanceonthemathematicsproficiencyexamination.A grade of C or better is required.

Theseclasses,ortheirequivalents,areofferedinalargenumberofplacesandtimes.WeemphasizeagainthatstudentsneedtoearnaCorhigherinthiscourseandinMATH141.Frankly,ifyougotaDincalculus,youareprobablyinthewrongmajor.Manystudentstakepre-calculuscoursesinthemathdepartment(i.e.,MATH26,MATH40,etc.)Theseclassesdonotcounttowardyour120creditsrequiredforUniversitygraduationifyouareinamajorthatrequirescalculus(suchasEBF).Noexemptionsareallowed.MATH141(GQ)CalculuswithAnalyticGeometryII(4)Derivatives,integrals,applications;sequencesandseries;analyticgeometry;polarcoordinates.StudentsmaytakeonlyonecourseforcreditfromMATH141,141B,and141H.AgradeofCorbetterisrequired.Prerequisite:MATH140,MATH140A,MATH140BorMATH140HBLAW243LEGALENVIRONMENTOFBUSINESS(3)Socialcontrolthroughlaw:courts,basicpoliciesunderlyingindividualandcontractualrightsineverydaysociety.MaynotbeusedtosatisfySmealCollegebaccalaureatedegreerequirements.OrERM411LEGALASPECTSOFRESOURCEMANAGEMENT(3)Legalsystemsandlawmakingprocesses;propertyrightsinland,water,andwildliferesources;jurisdictionalproblemsinplanningresourceuse.Prerequisite:ERM151BLAW243isofferedinthesummeratvariousPSUcampuses.Theremaybealternativesavailableinthesummeratotheruniversities.ERM411isofferedfallterm.YoucantakeERM411inplaceofBLAW243orasa400-levelelective,butnotboth.YoucanalsotakeBA241andBA242(together4credits)forthisrequirement,thoughyouhavetobeinDUSortheSmealCollegetodoso.Theseclassesaredescribedbelow.Or

BA241LegalEnvironmentofBusiness(2)Examinesthelegalsystem'sroleandimpactregardingbusinesstransactions,liabilityissues,andownershipofintellectualproperty.StudentsearningcreditforBA241maynotearncredittowardSmealCollegebaccalaureatedegreeforBLAW243and/orBA243.

And(ifyoutakethisroute)

BA242SocialandEthicalEnvironmentofBusiness(2)Exploresthesocialandethicalenvironmentofbusinessandethicaldecisionmakinginabusinesscontext.

ECON104(GS)INTRODUCTORYMACROECONOMICANALYSISANDPOLICY(3)Nationalincomemeasurement;aggregateeconomicmodels;moneyandincome;policyproblems.

ECON104notaprerequisitetoanythingintheEBFcurriculum,andsothereisnoneedtotakeitataparticulartime.ECON104isofferedinthesummeratmostPSUcampuses,andequivalentsareofferedinthesummeratmostuniversities.EBF472QUANTITATIVEANALYSISINEARTHSCIENCES(3)Quantitativeanalysisofdecisionmakinginatmospheric/geophysicalsciences:exploratorydataanalysis,quantificationofuncertainty,parametric/non-parametrictesting,forecasting,timeseriesanalysis.Prerequisite:MATH110orMATH140OrSTAT301(GQ)STATISTICALANALYSISI(3)Probabilityconcepts;natureofstatisticalmethods;elementarydistributionandsamplingtheory;fundamentalideasrelativetoestimationandtestinghypotheses.Prerequisite:3creditsofcalculusOrSTAT401EXPERIMENTALMETHODS(3)Randomvariables;probabilitydensityfunctions;estimation;statisticaltests,t-tests;correlation;simplelinearregression;one-wayanalysisofvariance;randomizedblocks.Prerequisite:MATH111orMATH141AgradeofCorbetterisrequiredforanystatisticsclassusedtofillthisrequirement.SomestudentscomeintotheEBFprogramalreadyhavingtakenSTAT200;theystillhavetotakeoneoftheaboveclasses.ThestatisticsdepartmentgenerallyoffersmoreSTAT401thanSTAT301sectionsandsometimesoffersSTAT401overthe

summer.EBF472(whichweencouragestudentstotake),willbetaughtonlyinthespringtermduringAcademicYear2016/17.Optionsatotheruniversitiesarelimitedbecausewerequireahigherlevelofstatisticsthanotherprograms.TheEBFprogramrequiresastatisticsclasswithacalculusprerequisite.SomestudentsmayhaveAPStatisticscreditfromhighschool,butthatisnotanacceptablesubstitutefortheEBFstatisticsrequirement.EME460ENGINEERINGEVALUATIONOFOILANDGASPROPERTIES(3)Applicationofpresentworthandrate-of-returnanalysis;reservecalculations;declinecurveanalysis;uncertaintyandriskanalysistoengineeringprojectdesignandevaluation.Thisclassisofferedinboththefallandthespringterms.Itisoften(butnotalways)offeredon-lineoverthesummer.IE302isapotentialsubstituteforthisclass,buttalktotheinstructorfirst.IE302hasaMATH141prerequisite,andtheIEdepartmentoftenhasenrollmentcontrolsontheircourses.

5.2 IntroductoryElectivesTherearealargenumberofpotentialclasseshere,notallofwhicharelistedonthedegreeauditorintheUniversityBulletinBasically,theprogramwillacceptanyGNclassofferedbytheCollegeofEarthandMineralSciences.Belowisadiscussionofafewclassesthatweparticularlyencouragestudentstotake.EGEE101(GN)(MATSE)ENERGYANDTHEENVIRONMENT(3)Energyutilizationandtechnologicaldevelopment,energyresources,conversionandconsequencesonthelocalandglobalenvironment,andfutureenergyalternatives.Thisisanexcellentintroductiontoenergyengineeringissuesandistaughtbypopularinstructors.Itisalsoofferedonline.EGEE102(GN)ENERGYCONSERVATIONFORENVIRONMENTALPROTECTION(3)Exposuretoenergyefficiencyinday-to-daylifetosavemoneyandenergy,andtherebyprotecttheenvironment.Thisisanexcellentintroductiontoenergyconservationissuesandisagaintaughtbypopularinstructorsandofferedonline.EGEE120(GS;US;IL)OIL:INTERNATIONALEVOLUTION(3)Surveyofthecommercialdevelopmentoftheworldpetroleumindustryfromvariousinternational,historical,business,andculturalperspectives.ThiscourseinvestigateshistoricalissuesrelevanttothemajorandisthereforeagoodchoiceforGS,US,andILrequirements(butnotethatitdoesnotsatisfyGNrequirements).Itisonlyofferedonline.METEO4(GN)WeatherandRisk(3)Non-technicalintroductiontothescienceandhistoricaldevelopmentofmeteorology,andtheroleofweatherforecastingasatoolforriskmanagementbyindividuals,businesses,andsocieties.Thisisaverynicenon-technicalelectivethatdiscussesmanyriskmanagementissues.

5.3 AdvancedElectivesThereareanumberofchoiceshere,andnotallwillbediscussed.Ifstudentsdesiretoconcentrateinareasrelevanttothemajorwithcoursesnotlistedhere,theyshouldcontactDr.Blumsack.

5.3.1 AdvancedElectivesfromtheEnergyLandManagementOptionTherecently-openedEnergyLandManagementOptionwithintheEBFprogramofferssomespecializedcoursesfocusedoncontractualandland-useissuesrelatedtoenergydevelopment.EBFGeneralOptionstudentsarewelcometotakethese

coursesifspaceisavailable,whichcancounttowardthe3-creditadvancedelectiverequirement.EBF402EnergyLawandContracts(3)Anexaminationofthelawthatappliestoacquiringthepropertyrightsforexplorationanddrillingofenergysources.Effective:Spring2014Prerequisite:BLAW243EBF410PetroleumandNaturalGasOperations(3)ThecourseisdesignedtoinstructenergylandmanagementoptionstudentsoftheEBFmajorinthedrillingofpetroleumandnaturalgaswellsandthechallengesinthatprocess.Effective:Summer2015Prerequisite:PHYS211orPHYS250,GEOSC001EBF411PetroleumandNaturalGasGeologyforLandProfessionals(3)Thiscourseprovidesenergylandstudentswithaknowledgebase,aswellasasetofnotesandreferences,thattheycandrawonduringacareerinthepetroleumindustry.Effective:Summer2015Prerequisite:GEOSC001

5.3.2 AdvancedElectivesfromOtherProgramsECON402DecisionMakingandStrategyinEconomics(3)Developmentandapplicationofthetoolsfordecisionmakingunderuncertaintyandforgametheoreticanalysisofeconomicproblems.Effective:Spring2007Prerequisite:ECON302;SCM200orSTAT200ECON444EconomicsoftheCorporation(3)Coordinationandincentiveissueswithinacorporation.Topicsincludeemploymentcontracts,performanceincentivesandpricingoffinancialassets.Effective:Summer1997Prerequisite:ECON302EME432(GEOG432)EnergyPolicy(3)Analysis,formulation,implementation,andimpactsofenergy-relatedpolicies,regulations,andinitiatives.Prerequisite:EBF200,EGEE120,PLSC490Thiscourseisofferedonlineperiodically(checkthePennStateschedulingwebsiteorcontacttheDuttone-EducationInstitute).Theprerequisiteshavenotbeenstrictlyenforcedinthepast.

FIN406SecurityAnalysisandPortfolioManagement(3)Advancedvaluationtheory;fundamentalsofsecurityanalysis;portfolioconstructionandmanagement.Prerequisite:BA301orFIN301ThisclasshashistoricallyonlybeenavailabletoEBFstudentsduringthesummer.FIN408FinancialMarketsandInstitutions(3)Functionalanalysisofmajorcreditinstitutions;sourcesandusesoffunds;impactofgovernmentregulation.Prerequisite:BA301orFIN301ThisclasshashistoricallyonlybeenonlyavailabletoEBFstudentsduringthesummer.GEOSC450RISKANALYSISINTHEEARTHSCIENCES(3)Anintroductiontoconceptsandmethodsofquantitativeriskanalysiswithfocusonwater,climate,andenergyrelatedrisks.Prerequisite:MATH140orMATH110,introductoryearthscienceorgeoscienceclass,introductorystatisticsclass(e.g.STAT200orSTAT301orEBF472)Makesureyouhavetheprerequisites.Therewillbealotofmathinthisclass.GEOSC454GEOLOGYOFOILANDGAS(3)Properties,origin,migration,andoccurrenceofoilandgas.Thiscoursehasoneormorerequiredfieldtripsforwhichafeeischargedtothestudent.Prerequisite:GEOSC001Thisisachallengingyethighlyrelevantclass.Speaktotheinstructorbeforeyousignupforit,particularlyifyouhavestruggledwithotherGeosciencescourses.METEO473APPLICATIONOFCOMPUTERSTOMETEOROLOGY(3)Applicationofstatisticalandnumericalmethodstopracticalproblemsinmeteorology.Prerequisite:CMPSC101,CMPSC201,orCMPSC202Thisisachallengingclass.Ifyouarenotalsoameteorologymajororminor,speakwiththeinstructorbeforesigninguptoensurethattheclasswillbeappropriateforyou.GEOG430HUMANUSEOFENVIRONMENT(3)Thehumanuseofresourcesandecosystemsandsocialcausesandconsequencesofenvironmentaldegradationindifferentpartsoftheworld;developmentofenvironmentalpolicyandmanagementstrategies.Prerequisite:GEOG030GEOG424(US;IL)GEOGRAPHYOFTHEGLOBALECONOMY(3)Focusonindustriallocationtheory,factorsinindustriallocation,studiesofselectedindustriesandproblemsofindustrialdevelopment.Prerequisite:ECON102,ECON104,GEOG126.

Inthepast,studentshaveneededonly2ofthe3listedprerequisites.GEOG431GEOGRAPHYOFWATERRESOURCES(3)Perspectivesonwaterasaresourceandhazardforhumansociety;waterresourceissuesinenvironmentalandregionalplanning.Prerequisite:6creditsingeographyornaturalsciences.GEOG444AFRICANRESOURCESANDDEVELOPMENT(3)EcologicalandculturalfactorsinthegeographyofAfrica;naturalresourcesanddevelopment.Prerequisite:GEOG010,GEOG020,GEOG030,orGEOG124CED404(AGEC)METHODSINNATURALRESOURCEANDENVIRONMENTALECONOMICS(3)Studentswilllearnempiricalresearchmethodologyintheareasofenviron-mentalandnaturalresourceeconomics.Prerequisite:AGEC201orECON302,ECON428CED409LANDUSEPLANNINGANDPROCEDURE(3)Generallanduseplanninglawsandprocedures.Prerequisite:6creditsofBLAW,CED,ECON,ERM,ERRE,PLSC,REST,SOC,orSTS(anycombination)CED429(AGEC)NATURALRESOURCEECONOMICS(3)Optimalmanagementofresources;rolesofmarketsandotherinstitutions;resourcesandeconomicdevelopment;publicpolicy.Prerequisite:ECON302CED431W(AGEC)ECONOMICANALYSISOFENVIRONMENTALANDRESOURCEPOLICIES(3)Economicanalysisofenvironmentalandnaturalresourcepolicies,benefit-costanalysis,non-marketvaluationtechniques;resourcedamageassessment.Prerequisite:ECON302CED450(IL)INTERTNATIONALDEVELOPMENT,RENEWABLERESOURCES,ANDTHEENVIRONMENT(3)Theoriesofagriculturalandeconomicdevelopment,withparticularattentiontointeractionsbetweendevelopment,renewableresources,andtheenvironment.Prerequisite:6creditsinagriculturaleconomicsoreconomicsFOR440ForestEconomicsandFinance(3)Theapplicationofeconomictheorytoforestresourcessystems,withemphasisonproductionandinvestmentanalyses.Prerequisite:ECON102orECON104PLSC490POLICYMAKINGANDEVALUATION(3)Advancedanalysisofpublicpolicy,emphasizingpolicyevaluationandthefactorsthatdeterminepolicysuccessandfailure.Prerequisite:PLSC001orPLSC002

5.4 ApprovedMinorsfortheEBFGeneralOptionThissectionprovidesalistofapprovedminors.ThelistisalsoavailableattheEBFGeneralOptionRecommendedAcademicPlan,https://rap.psu.edu/recommended-academic-plan-bs-energy-business-and-finance-general-option-ebf-gen-minor-university.ApprovedminorsarechosentocomplementtheEBFprogramandincludetechnicalengineeringorearthscienceminors,aswellasforeignlanguageminors.StudentswishingtouseaminornotontheapprovedlisttosatisfytheEBFrequirementwillneedtospeakwiththeprogramofficer,preferablybeforetakinglotsofcoursesfortheminor.ThefollowingminorsareexamplesofthoseapprovedtosatisfytherequirementsoftheEBFGeneralOption.Ingeneral,theprogramchairwillapproveanyminorofferedbytheEarthandMineralSciencesCollege,anyhardscienceorengineeringminor(suchasbiology,physics,environmentalengineering),oraforeignlanguageminor.

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