Courses & Units

Energy Economics and Policy BEA313

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
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics
Coordinator Doctor Clinton Levitt
Available as an elective? No
Delivered By University of Tasmania

Availability

Location Study period Attendance options Available to
Hobart Semester 2 On-Campus International Domestic
Online Semester 2 Off-Campus International 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 10/7/2023 8/8/2023 28/8/2023 15/10/2023

* 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).

About Census Dates

Learning Outcomes

  • 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
$1,892.00 $1,482.00 not applicable $2,472.00

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.

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 What is an indicative Fee? to get an indicative course cost.

Teaching

AssessmentAssignment (15%)|Research Proposal (10%)|Research Report (50%)|Reflection on Teamwork (10%)|Meeting Minutes (15%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

N/A

Recommended

N/A

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