Oil is the single most valuable commodity traded in global markets. This course introduces students to the petroleum industry, the global geopolitics of energy, and the political economy of countries endowed with petroleum resources. The class explores political and economic development in petrostates. Moreover, it analyzes the structure and behavior of countries and governments whose economies depend on petroleum exports. The course also focuses on how and why oil wealth might be a curse, and what policy options are available to turn oil into a blessing. Special attention will be given to the Iraqi and KRG petroleum policies and industries.

The course is open to students from all departments, especially international studies and business. Guest speakers from government and industry will be invited to speak to students.