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 an elective?||No|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|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 (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- 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.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
|Assessment||Assignment (15%)|Research Proposal (10%)|Research Report (50%)|Reflection on Teamwork (10%)|Meeting Minutes (15%)|
|Timetable||View the lecture timetable | View the full unit timetable|
|Links||Booktopia textbook finder|
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