Courses & Units

Energy Economics and Policy BEA313

Hobart

Introduction

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.

Summary

Unit name Energy Economics and Policy
Unit code BEA313
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Tasmanian School of Business and Economics
Coordinator

Dr Clinton Levitt

Teaching staff

Dr Clinton Levitt

Available as student elective? Yes
Breadth Unit? No

Availability

Location Study period Attendance options Available to
Hobart Semester 2 On-Campus Off-Campus International International Domestic Domestic

Key

On-campus
Off-Campus
International students
Domestic students
Note

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Key Dates

Study Period Start date Census date WW date End date
Semester 2 12/7/2021 10/8/2021 30/8/2021 17/10/2021

* 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).

About Census Dates

Learning Outcomes

LO1: Recognise the different forms of energy and energy markets.  Use economic theory to identify the factors that influence markets for energy commodities, and analyse how those factors can influence related markets.

LO2: Use appropriate economic theory to analyse investment decisions in non-renewable and renewable energy resources under different types of risk, uncertainty and cost structures.

LO3: Use economic theory to describe power systems (electricity generation, distribution and market design.)  Use economic theory to evaluate regulations.

Fees

Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
091901 $1,812.00 $1,419.00 not applicable $2,354.00

1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to this page to get an indicative course cost.

Teaching

Teaching Pattern

Please check the unit outline for details.

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Assessment

Five assignments worth 20% each.

TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

Please check the unit outline for details.

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