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 unit is to develop the economic theory necessary to critically evaluate energy policy and related environmental policy.
The unit 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 unit fits into the University's major research themes: Environment, Resources & Sustainability; and, Data, Knowledge and Decisions.
|Unit name||Energy Economics and Policy|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Clinton Levitt|
|Available as student elective?||No|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 2||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.
- 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.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
- Available as a Commonwealth Supported Place
- HECS-HELP is available on this unit, depending on your eligibility3
- FEE-HELP is available on this unit, depending on your eligibility4
1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
3 Please refer here for eligibility for HECS-HELP
4 Please refer here for eligibility for FEE-HELP
Please note: international students should refer to this page to get an indicative course cost.
|Assessment||Assignment (30%)|Assignment (40%)|Case Study (30%)|
|Timetable||View the lecture timetable | View the full unit timetable|
|Links||Booktopia textbook finder|
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