49023 Energy and Environmental Economics

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).