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.
Your upfront cost: $0
Subjects may require attendance
- 02 Mar 2020
- 31 Aug 2020
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.
QS RANKING 2020
Times Higher Education Ranking 2020
At the completion of this subject students will be able to:
- describe elements of economic theory that are relevant to the energy supply sector;
- explain key government economic practices including taxation, regulation, and privatisation;
- use your knowledge of economic theory to explain the nature of the energy supply sector;
- 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
- understand relevant economic instruments that are used in Australia and worldwide to promote renewable energy development.
- Basic concepts
- Structure of energy supply systems
- Open access
- Energy markets
- DCF analysis
- Cost-benefit analysis
- Dealing with risk
- Taxation in the energy sector
- Economics of nuclear power
- Economics of renewable energy
- Resource economics
- Discussion forum/Discussion Board
- Embedded Multimedia
- Online assignment submission
- Standard Media
- Web links
- Online Assessment
- Audio-Video streaming
- Printable format materials
- Resources and Links
In order to enrol in this subject, you must be accepted into one of the following degrees:
No special requirements
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.
Please Note: All students studying at Murdoch University will need to complete the compulsory unit, Murdoch Academic Passport (MAP100), which only takes 2-3 hours to complete online. Find out more: http://goto.murdoch.edu.au/MurdochAcademicPassport.
- Research Project (30%)
- 2500 words (20%)
- Closed book invigilated exam (50%)
Textbooks are not required.
Check the learning management system (LMS) of your university for textbook details.