49023 Energy and Environmental Economics6cp; 3 x 2-day modules; availability: all courses
There are 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.
Detailed subject description.