Energy Economics and Policy
UndergraduateTAS-BEA3132024
Course information for 2024 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 14 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Energy Economics and Policy
About this subject
Upon successful completion of this subject, the student should be able to:
- 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.
- Communicate economic arguments and policy using appropriate evidence.
- Work in a team by applying appropriate communication strategies as well as applying strategies to address group dynamic issues that arise.
- Introduction to Energy and Energy Markets
- Economics of Electricity Supply
- Costs of Electricity Supply
- Non-competitive Markets and Introduction to Regulation
- Economics of Price Regulation
- Economics of Electricity Dispatch
- Introduction to the National Electricity Market
- Strategic Behaviour in Power Markets
- Economics of Retail Pricing
- Environmental Economics
- Introducing Renewables into the Power System
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 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 the 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.
- Assignment (15%)
- Research Proposal (10%)
- Reflection on Teamwork (10%)
- Meeting Minutes (15%)
- Research Report (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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- 19
Entry requirements
No entry 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.
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Gain Uni credit
Most single subjects are part of a full degree. That means if you’re keen to keep learning, you can gain credit for the subjects you’ve successfully completed.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business (Business Economics)
UndergraduateTAS-BBE-DEG
Bachelor of Business and Bachelor of Psychological Science
UndergraduateTAS-BPS-DEG
Bachelor of Psychological Science and Bachelor of Economics
UndergraduateTAS-PEC-DEG
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
Bachelor of Business and Bachelor of Science
UndergraduateTAS-BBS-DEG
UndergraduateTAS-ECO-DEG
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