Energy Economics and Policy
Your upfront cost: $0
- 12 Jul 2021
QS RANKING 2021
Times Higher Education Ranking 2021
Upon successful completion of this subject, the student should be able to:
- Recognise the different forms of energy and their role in society.
- Select and apply appropriate economic theory to analyse energy markets and energy market participants including governments, industry and consumers.
- Use economic theory and models to analyse contemporary energy policies.
- Collaboratively work with peers to critically apply economic theory, analyse and evaluate economic issues in Energy. Effectively communicate economic arguments and policy using appropriate evidence. Effectively communicate economic arguments and policy using appropriate evidence.
- Introduction to the Subject
- Contemporary Energy
- Energy Economics
- Energy Markets
- Policy and Function
- Market Participants
No eligibility requirements
No special requirements
Energy is a key input for a well-functioning economy and is essential for maintaining our modern way of life. Energy influences many dimensions of our economic and social lives. Ensuring future responsible (sustainable) and equitable access to affordable energy is a significant challenge. Economics plays an important role in the functioning of the energy sector, as well as in the development and application of energy policies and regulations, designed to meet the challenge of sustainability. The purpose of this subject is to develop the economic theory necessary to critically evaluate energy policy and related environmental policy. The subject applies, as well as builds on, the theoretical and empirical economic tools acquired in BEA111, BEA140, BEA200 and BEA201 to analyse the main contemporary economic policy issues related to energy. The subject has been structured into 3 sections. The first section will provide an overview of energy markets. Topics include sources of energy and energy use. We will examine the economics of energy production and investment. We will also examine energy market regulation. We study power systems in section two. We look at the economics of electricity generation and distribution and the design of power markets. We investigate the issues involved with integrating renewable energy sources in power system. Section three considers the environmental implications of energy. The focus is on energy related externalities and the policies proposed to correct these externalities. The subject fits into the University's major research themes: Environment, Resources & Sustainability; and, Data, Knowledge and Decisions.
- Case Study (30%)
- Energy Analysis (30%)
- Policy Brief (40%)
Current study term: 11 Jul 21 to 17 Oct 21
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