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Subject details

  • Topics
    • 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
  • Study resources
    • Instructional Methods
      • Disscusion forum/Discussion Board
      • Embedded Multimedia
      • Online assignment submission
      • Standard Media
      • Web links
    • Online Materials
      • Online Assessment
      • Audio-Video streaming
      • Printable format materials
      • Resources and Links

At the completion of this subject 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.
  • Assignment 1 - Research Project (30%)
  • Assignment 2 - 2500 words (20%)
  • Assignment 3 - Closed book invigilated exam (50%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject

No eligibility requirements

Special requirements

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.

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