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Study this online Energy Economics unit from Open Universities Australia and Murdoch University to gain an in-depth understanding of how economic theory can be applied to the energy sector. By doing so you will improve your understanding of key economic concepts such as cost-benefit, externalities and levelised cost, and learn about how these are relevant to the energy supply sector.
The unit will also examine matters such as taxation of the energy sector, open access to energy facilities, and the role played by public utilities regulators. Governmental impacts will also be discussed, including government-industry regulation.
Upon completion of the unit, you will be capable of offering a description of the elements of economic theory that are relevant to the energy sector, and will be able to explain key government economic practices and the economics of the energy sector.
Applicants must meet the following criteria to be eligible to enter this program:
In this environmental unit, the topics you will study include:
This unit is a core requirement in the following course:
Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.
Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
By studying this unit you will develop familiarity with the key government economic practices regarding the energy sector, along with the economics of the energy supply sector. Take this opportunity to learn about price determination, risk, management, taxation of the energy sector, and the role of government-industry regulation; all of which are key to working in management of the energy sector.
This unit will also help you to develop a selection of transferrable skills, notably written communications. Half of your unit grade will be assessed through an essay, in which you will be expected to communicate your ideas in an efficient and coherent manner. Your analytical skills will also be challenged and refined throughout the unit.
Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.
Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.
Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).Find out more about government study loans here.
Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.