Units / TEC1804
TEC1804 · Energy policy and economics
2027 Handbook6 credit pointsLevel 1Department of Mechanical and Aerospace Engineering
Overview
This unit explores the critical intersection of energy production, policy development, and economic principles. It provides you with a comprehensive understanding of global and local energy systems, economic theories, and policy frameworks that influence energy markets. Topics include energy pricing, regulation, environmental impacts, market structures, and the role of government in shaping energy transitions. You will also examine the economic feasibility of renewable energy technologies and the financial implications of sustainable energy practices. By integrating economic analysis with policy-making strategies, this course prepares you to contribute to informed, sustainable energy solutions in a rapidly evolving global landscape.
Areas of study: E2000 Bachelor of Technology
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Malaysia | First semester | Teaching activities are on-campus (ON-CAMPUS) |
Assessment
The Handbook lists an examination for this unit.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | Policy Analysis Report | Written | 20% | — |
| 2 | Energy Market Simulation | Demonstration | 10% | — |
| 3 | Policy Pitch Presentation | Presentation | 10% | — |
| 4 | Final Examination | Examination | 60% | — |
Continuous assessment: 40% Final assessment: 60%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
The Handbook lists no prerequisite, corequisite or prohibition for this unit.
Learning outcomes
- Explain key economic principles relevant to energy production, pricing, and consumption.
- Analyse policy instruments and regulatory frameworks influencing global and national energy markets.
- Evaluate the economic viability and sustainability impacts of conventional and renewable energy technologies.
- Apply cost-benefit and financial analysis to support policy decisions in energy system planning.
Workload
The minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of 3-6 hours of scheduled learning activities and 6-9 hours of independent study per week. Scheduled activities may include a combination of teacher-directed learning, peer-directed learning and online engagement. Independent study may include associated readings, assessment and preparation for scheduled activities.
| Activity | Duration |
|---|---|
| Practical activities | 24 hours |
| Workshops | 24 hours |
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