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Energy Economics
Postgraduate | MUR-EENV593 | 2018
Course information for 2018 intake
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.
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
FEE-HELP available
Energy Economics
About this subject
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
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.
- Research Project (30%)
- 2500 words (20%)
- Closed book invigilated exam (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.