2020 unit information
Classes and seminars in Trimester 2, 2020 will be online.
Last updated: 2 June 2020
Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.
1 x 2 hour class, 1 x 1 hour lab per week
Online independent and collaborative learning activities including 3 scheduled online seminars
This unit begins by addressing the issues associated with future energy demand, supply, and prices. For example, how OPEC members determine production quota for themselves? How peak and off-peak electricity prices are determined? What are the consequences of fossil fuel consumption and challenges for renewable industries? The unit then progresses to look more generally at the use of resources as economies develop, by addressing questions such as: How market internalize the externalities? Is our resource use sustainable? What impact does resource use have on future generations?
These are the Learning Outcomes (ULO) for this UnitAt the completion of this Unit, successful students can:
Explain global energy markets.
Interpret the economic framework for managing natural resources in development process.
Apply applied economic tools to the analysis of energy market issues and environmental problems in development context.
Explore a complex problem of forecasting come up with alternative models for solving it and justify the model selection
These Unit Learning Outcomes are applicable for all teaching periods throughout the year
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Hurdle requirement: achieve at least 50% of the marks available on the examination
The texts and reading list for the unit can be found on the University Library via the link below: MAE305 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
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