logoClassRank

University of Western Australia

Areas of Study

Oil and Gas Economics

  • ASST8572
  • Semester 1 (see Timetable)
  • 6 points
Average Rating
Difficulty Level

This unit covers the oil and gas industry from an economic perspective; international industry structure; Australian industry structure; oil and gas industry in Western Australia; the economics of investment; discounted cash flow analysis; cost–benefit analysis; internal rate of return; oil and gas markets; supply and demand determining prices and output; prices and non-renewable resources—hotelling principle; the operation of cartels; dealing with risk in oil and gas markets; open access to natural gas pipelines; natural monopoly theory; national competition policy; gas market regulation; taxation of the oil and gas industry; concept of economic rent; Commonwealth and state royalty... -- Course Website

Instructor: Assistant Professor Brendan Graham



Post an anonymous review of this course

Overall experience
Difficulty Level
POST