| Area: | WASM Mineral Economics Teaching Area |
| Credits: | 12.5 |
| Contact Hours: | 3.0 |
| Lecture: | 1 x 2 Hours Weekly |
| Tutorial: | 1 x 1 Hours Fortnightly |
| Syllabus: | Introduction to economics. The mixed economy and the role of government. Demand, supply and price determination. Types of markets. Mineral commodity markets. Mining in the Australian economy. Elements of macro economic policy. Mining and international trade. Exchange rates, the balance of payments and international competitiveness. |
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| Unit Outcomes: | On successful completion of this unit, students will have- An appreciation of the meaning of key economic terms and concepts. Distinguished between macroeconomic and microeconomic approaches to economic analysis. Illustrated the application of economic concepts to the minerals and energy sector. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit References: | No prescribed references. |
| Unit Texts: | No prescribed texts. |
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| Unit Assessment Breakdown: | Final examination 60%, Mid-semester examination 20%, Tutorial exercises 20%. This is by grade/mark assessment. |
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | |
