Energy Economics - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: SP1 , SP3
  • Availability for 2018: SP1 , SP3
  • Assessment: Essay (20%) , Invigilated Exam (50%) - Learn more

Unit provided by

2017 Fees
Domestic 2,475.00
International 2,725.00

This unit presents economic theory relevant to the energy sector, including investment decision making, energy market operation, price determination, and risk management. As a critical issue this century, externalities in the energy sector and their internalisation are covered in detail. Attention is given to open access to energy infrastructure, energy sector taxation, and the role of public utilities and government industry regulators. The unit emphasises that the role of the market should always be considered within the broader ecological and social context.

At the completion of this unit students will be able to:

  1. describe elements of economic theory that are relevant to the energy supply sector;
  2. explain key government economic practices including taxation, regulation, and privatisation;
  3. use your knowledge of economic theory to explain the nature of the energy supply sector;
  4. employ common investment decision-making technologies (e.g., discounted cash flow analysis and levelised cost) to assess the economic feasibility of a particular energy project; and
  5.  understand relevant economic instruments that are used in Australia and worldwide to promote renewable energy development.
  • Essay (20%)
  • Invigilated Exam (50%)
  • Project — Research Project (30%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1Basic concepts
2Structure of energy supply systems
3Open access
4Energy markets
5DCF analysis
6Cost-benefit analysis
7Dealing with risk
8Taxation in the energy sector
9Economics of nuclear power
10Economics of renewable energy
11Resource economics

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Online assignment submission
  • Standard Media
  • Web links

Online materials

  • Audio/Video - Streaming
  • Online Assessment
  • Printable format materials
  • Resources and Links

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.
This unit does not have a prescribed textbook(s).

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