ECON 372 : Energy and Environmental Economics
Business and Economics
2021 Semester Two (1215) (15 POINTS)
Course Prescription
Course Overview
The course is an introduction to Energy and Environmental Economics. It also covers the economics of climate change and natural resources. Electricity market theory is covered in detail and includes market design issues. Time permitting we will also have a few lectures on green growth. There will be a few guest lectures by Hayden Green who is an Energy consultant and will present on some of the work he has been involved with for the Australian Energy Market Commission. There will be a major group work project which will involve a written critical analysis of a contemporary topic as well as an oral presentation.
Capabilities Developed in this Course
| Capability 1: | Disciplinary Knowledge and Practice |
| Capability 2: | Critical Thinking |
| Capability 3: | Solution Seeking |
| Capability 4: | Communication and Engagement |
| Capability 5: | Independence and Integrity |
| Capability 6: | Social and Environmental Responsibilities |
Learning Outcomes
- Understand the factors that influence world energy markets. (Capability 1 and 2)
- Apply the theory developed to analyse resource markets and understand the limitations of the models. (Capability 2)
- Work collaboratively to prepare an essay on a topical energy economics topic and present to class. (Capability 1, 2, 4.1, 4.2 and 6)
- Demonstrate an understanding of of the theory of electricity markets and critically engage with market design issues and policy questions. (Capability 2)
- Understand and apply the economics of climate change to the ethical questions that arise. (Capability 4.3, 5.2 and 6)
- Have a basic understanding of the economics of environmental economics and apply to real world examples. (Capability 1 and 3)
Assessments
| Assessment Type | Percentage | Classification |
|---|---|---|
| Final Exam | 35% | Individual Examination |
| Assignments | 20% | Individual Coursework |
| Coursework Group work - essay and class presentation | 20% | Group Coursework |
| In class group assignment "climate wedges game" | 5% | Group Coursework |
| Test | 20% | Individual Test |
| 5 types | 100% |
| Assessment Type | Learning Outcome Addressed | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |||||
| Final Exam | ||||||||||
| Assignments | ||||||||||
| Coursework Group work - essay and class presentation | ||||||||||
| In class group assignment "climate wedges game" | ||||||||||
| Test | ||||||||||
Workload Expectations
This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.
For this course, you can expect 3 hours of lectures, a 0.5 hour tutorial, 2.5 hours of reading and thinking about the content and 4 hours of work on assignments and/or test preparation.
Delivery Mode
Campus Experience
Attendance is expected at scheduled activities including tutorials.
Lectures will be available as recordings. Other learning activities including tutorials will be available as recordings.
Attendance on campus is required for the test and exam.
The activities for the course are scheduled as a standard weekly timetable.
Student Feedback
At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.
Your feedback helps teachers to improve the course and its delivery for future students.
Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.
Digital Resources
Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).
Please remember that the recording of any class on a personal device requires the permission of the instructor.
Academic Integrity
The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.
Inclusive Learning
All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.
Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz
Special Circumstances
If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.
If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.
This should be done as soon as possible and no later than seven days after the affected test or exam date.
Learning Continuity
In the event of an unexpected disruption we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, and if disruption occurs you should refer to the University Website for information about how to proceed.
Student Charter and Responsibilities
The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.
Disclaimer
Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.
In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.