49023 Energy and Environmental Economics

Requisite(s): 120 credit points of completed study in C10061 Bachelor of Engineering Diploma in Engineering Practice OR 120 credit points of completed study in C10066 Bachelor of Engineering Science OR 120 credit points of completed study in C10067 Bachelor of Engineering

These requisites may not apply to students in certain courses.

There are also course requisites for this subject. See access conditions.

Topics include: energy–economy–environment interactions; the micro model (demand, supply and markets); short-run and long-run energy pricing; shadow pricing of energy; the economics of non-renewable and renewable energy resources; intemporal allocation of resources; the economics of the environment; and economic and non-economic principles for environmental valuation. Emphasis is placed on achieving depth and balance in all aspects of the valuation principles, with topical case studies providing an application focus.

Assessment: Assignments (40 per cent), quizzes (50 per cent), participation (10 per cent).