Faculty of Business and Economics

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.


Business and Economics

Organisational Unit

Department of Economics


Dr Ernesto Valenzuela



  • First semester 2016 (Day)
  • First semester 2016 (Off-campus)


This unit deals with economic and policy issues related to energy, natural resources and sustainable development. Topics covered include theoretical and practical issues relating to energy and natural resource demand, supply and pricing, and the sustainable development framework. It will also consider different energy sources such as renewable energy and increasing energy efficiency of existing resources. The unit will address a wide range of policies dealing with energy and environmental problems in a national and international context.


The learning goals associated with this unit are to:

  1. develop strong analytical and research skills within an economic context
  2. apply tools of economic analysis to a wide range of issues relating to energy and natural resource markets
  3. acquire knowledge on the workings of different energy markets (coal, electricity, crude oil, solar and others) from an economic perspective
  4. explain the role of energy, renewable and non-renewable natural resources in achieving sustainable development
  5. critically evaluate current issues and alternative policy options dealing with environmental problems in Australia and other countries.


Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)