Conserve your energy and get critical. Study power sources and pricing, and compare sector supply costs. Assess social and environmental impacts. Open up about energy markets. Probe the powers of government regulators and role of public utilities.
This research-based university in Perth has a strong interdisciplinary focus and a reputation for outstanding teaching and ground-breaking research. With more than 22,000 students and 2,000 staff from over 90 countries, and campuses in Dubai and Singapore, Murdoch embraces free thinking, shared ideas and knowledge to make a difference, and Open Universities Australia is certainly part of that.
This subject 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 subject emphasises that the role of the market should always be considered within the broader ecological and social context.