This units covers (1) the concepts of the discounted cash flow model—time value of money, discounting, inflation, escalation, discounting, real versus nominal, money of the day, net present value; (2) economic indicators—internal rate of return, payback period, return on investment; (3) economic modelling—input forecasting, production, prices, capital costs, operating costs, depreciation, cost recovery; (4) advanced analysis—incremental economics, consolidations, ring fences, full cycle versus point forward decisions; (5) petroleum taxation—modelling Australian petroleum resource rent tax (PRRT) and royalty-excise regimes, production sharing contracts (PSC) and other agreements,... -- Course Website
Instructor: Assistant Professor Brendan Graham
