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2022 unit information
Energy and Renewable Resources
MAE101 or MAE233*
*NOTE: Students from other faculties with exposure to basic economic principles may also be eligible on a case by case basis.
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?
Explain and communicate issues of relevance to global energy markets and renewable resource management
ULO2
Interpret and evaluate economic frameworks for managing natural resources in development process
ULO3
Analyse and propose solutions to energy market issues and environmental problems using appropriate economic tools
ULO4
Evaluate suitability of alternative models for solving a complex sustainability problem and solve it using the most suitable model
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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