Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview

Description

Without energy or water, our way of life would collapse. Energy use and water availability are closely connected to climate change. How can we make effective decisions as a community about these three interconnected issues? This unit tackles this problem in three modules. Module 1 (energy and climate change) seeks to understand what drives society's demand for energy, how it is affected by energy markets and how energy policies affect greenhouse gas emissions. Module 2 (the economics of climate change) investigates the difficulties of evaluating the economic, environmental and social impacts of climate change and how this affects the effectiveness of climate change policies. Module 3 (water management and policy) seeks to understand what drives water demand and supply, how climate change affects this delicate balance and what policies can help societies adapt to the new climatic conditions. The unit focuses on the economic concepts and tools needed to explain and solve these problems, including supply issues and cost structures, pricing policies, property rights, externalities, cost-benefit analysis and risk management. The unit is a good preparation for those interested in working with electricity, renewable energy or water management agencies, relevant government departments, and industries that intensively use water or energy, such as mining, smelting, transport and power generation. Students will learn much of the content by studying in small groups a set of articles carefully selected according to their specific backgrounds, so that students in each group can complement their understanding using their respective strengths.

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 2UWA (Perth)Face to face
Semester 2OnlineOnline timetabled
Outcomes

Students are able to (1) undertake economic analysis of climate adaptation options in the water and energy sectors and (2) demonstrate an understanding of the issue of climate change and how it affects the economy.

Assessment

Indicative assessments in this unit are as follows: (1) quizzes; (2) written assignments; and (3) in-class activities. Further information is available in the unit outline.



Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Professor Steven Schilizzi
Unit rules
Prerequisites
Enrolment in
HON-ENVSC Environmental Science
or HON-NRMGT Natural Resource Management
or 72530 Master of Environmental Science
or 73530 Master of Agricultural Economics
or 73540 Master of Petroleum Geoscience
or 62540 Master of Ocean Leadership
and Successful completion of
one Unit(s) ECON1120 Environmental Economics 1
or Unit(s) ECON1101 Microeconomics: Prices and Markets
or Unit(s) ECOX0101 Introduction to Economics
or Unit(s) ECON1102 Macroeconomics: Money and Finance
or Unit(s) ECOX1102 Macroeconomics: Money and Finance
or Unit(s) ECON2224 Environmental Economics 2
Contact hours
lectures/tutorials: 3 hours per week for 10 weeks
Note
This unit can be taken in the Master of Economics.
Texts

Griffin, R. C. Water Resource Economics: the Analysis of Scarcity, Policies, and Project. MIT Press 2006

  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Visit the Essential Textbooks website to see if any textbooks are required for this Unit. The website is updated regularly so content may change. Students are recommended to purchase Essential Textbooks, but a limited number of copies of all Essential Textbooks are held in the Library in print, and as an ebook where possible. Recommended readings for the unit can be accessed in Unit Readings directly through the Learning Management System (LMS).
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.