IFP PROGRAM REQUIREMENTS• • • [DIVISION OF ECONOMICS AND BUSINESS]

Table of content:

- Prerequisites 
- Total credit requirement 
- CSM requirements 
- IFP requirements 
- Degrees 
- CSM course descriptions 
- IFP course descriptions
- IFP Brochures

Prerequisites 

Applications for admission to the joint degree program should be submitted for consideration by March 1st each year to begin courses the following fall semester in August. Only six students are selected for the program each year. We also select three alternate students. A deposit of $600 is due to secure your place in the program. A complete application package consists of the following: 

• CSM Graduate School Application for Admission 
• Test scores from either the Graduate Record Exam (GRE) or the Graduate Management Admission Test (GMAT). 
• International students whose native language is not English, except for those with degrees from English-speaking universities, must submit evidence of a Test of English as a Foreign Language (TOEFL) score of at least a 79 for the internet based test (550 for computer based tests) (213 for computer based tests). 

Entering students must have a bachelors degree and demonstrate completion of undergraduate courses in Microeconomics, Calculus, and Probability and Statistics. It is permitted to complete Prob/Stats during your first semester in the program.

Total Credit Requirements: a minimum of 48 credits. 

CSM Requirements for the Joint Degree Program: 

1. A minimum of 24 credits in residence at CSM. 
2. The following 5 courses are compulsory. A minimum of 13 credits must be in residence at CSM: 
   
        EB509 Mathematical Economics  
        EB510 Natural Resource Economics
        EB515 Economics and Decision Making
        EB411 Microeconomics or EB412 Macroeconomics  
        EB525 Operations Research Methods
3. In addition, Joint Degree students must complete at least 6 semester hours in one or both of the following two fields of specialization: 

- Economics & Public Policy 

EB530 Energy Economics Recommended Course as it is a prerequisite for many other courses.
EB535 Economics of Metal Industries and Markets
EB536 Mineral Policies and International Investment   
EB541 International Trade & Development  
EB542 Economic Development  
EB570 Environmental Economics
EB610 Advanced Natural Resources  
EB611 Advanced Microeconomics  
EB690 Advanced Econometrics   

- Quantitative Business Methods/Operations Research

EB504 Economic Evaluation & Investment Decision Methods
EB505 Industrial Accounting - Recommended Course as it is a prerequisite for many other courses.
EB528 Simulation
EB545 Corporate Finance  
EB546 Investments and Portfolio Management
EB547 Financial Risk Management
EB552 Computational Nonlinear Programming
EB554 Interger Programming
EB555 Linear Programming
EB556 Network Models
EB559 Supply Chain Management
EB560 Decision Analysis in the Energy & Mineral Industries
EB575 Advanced Mineral Asset Valuation  
EB580 Exploration Economics  
EB690 Advanced Econometrics

IFP Requirements for the Joint Degree Program 

1. A minimum of 24 credits in residence at IFP 
   To complete the "IFP" part of the joint degree program, students have two options:  
2. IFP Semester 1 (Spring) 
   PEM1 Business Accounting
   PEM2 Organization Behavior
   PEM5 Energy Geopolitics
   PEM 6 Upstream Economics
   PEM9 Production and Reservoir Engineering(9a.Beginner/9b.Advanced)
3. IFP Semester 2 (Summer) 
   PEM3 Strategic Marketing
   PEM4 Strategic Management
   PEM7 Downstream Economics
   PEM8 Crude Oil and Product Trading
   PEM10 Refining
   PEM11 Efficiency Analysis of Inudstrial Firms
   PEM12 Industrial Optimization
   PEM13 Advance Econometrics

Degrees: 

Participants will be awarded two degrees upon completion: 

• Master of Science from the Colorado School of Mines 
• Mastère Spécialisé en Politique et Gestion de l'Energie de l'ENSPM orDiplôme d'Ingénieur according to whichever Curriculum is followed at IFP.
  It is possible to undertake a Ph.D. at CSM and also to receive a master's degree from IFP under special circumstances. The Division should be contacted for further information. 

CSM - Course descriptions 

IFP - Course Descriptions 

PEM1 BUSINESS ACCOUNTING

PEM2 ORGANIZATIONAL BEHAVIOR

PEM3 STRATEGIC MARKETING
The first part of the course provides an introduction to different aspects of markets and marketing methods. The material focuses on the main concepts of the commercial activity of a firm including: market analysis, sale strategy, budgeting, forecasting, price and new product determination. The second part looks at corporate strategy, human resource management and also organizational structure. 

PEM4 STRATEGIC MANAGEMENT  
To develop an understanding of how a strategy is implemented within a company. To consider and integrate the different aspects involved (research, production, financing, marketing, etc.) in defining a strategy. This course is based around a business game. 

PEM5 ENERGY GEOPOLITICS
This course, in four parts, looks at risk management in energy markets including the identification of risk and the use of 'futures' and 'options' markets. It also looks at the financial aspects of the oil industry and the economics and geopolitics of the gas industry. 

PEM6 UPSTREAM ECONOMICS  
The main economic, legal and financial aspects of hydrocarbon exploration and production and transportation (shipping and pipelines). Also, the basic principles of international negotiation, negotiation theory and techniques. The course will allow students to gain practical experience in negotiation. 

PEM7 DOWNSTREAM ECONOMICS  
The main characteristics of downstream oil activities, including distribution and marketing. Regulation and control of pollution and environmental modeling, monitoring and database management. 

PEM8 CRUDE OIL AND PRODUCT TRADING

PEM9a. PRODUCTION AND RESERVOIR ENGINEERING (Beginner)  
This course provides a general grounding in oil and gas exploration techniques and the vocabulary used. It includes the main technical factors governing oil and gas production and the main techniques for assessing potential oil and gas recovery from a field. It will enable students to use this technical knowledge to produce an economic analysis of an oil field. 

PEM9b. PRODUCTION AND RESERVOIR ENGINEERING (Advanced)
Oil exploration (geology, geophysics and drilling), oil production, fluid properties / PVT, petrophysics, well-testing/one-phase flow, production and reservoir geology, two-phase flow, reservoir exploitation, natural and artificial recovery, surface treating facilities, offshore production, production wells and simulation techniques. The course includes two production projects and a visit to an oil field. 

PEM10 REFINING  
The course begins with the main characteristics of crude oils and petroleum products and the refining processes. It then looks at the economics of refinery management over the short and long terms and also investigates the implications of tighter environmental constraints. 

PEM11 EFFICIENCY ANALYSIS OF INDUSTRIAL FIRMS

PEM12 INDUSTRIAL OPTIMIZATION

PEM13 ADVANCED ECONOMETRICS
Simple and multiple regression, diagnostic checking and specification testing and applications to macroeconomics and energy economics. At the end of the course students will be able to carry out an econometric analysis, build simple models and answer economic questions through the use of econometric tests.