Online Courses Handbook 2003

10949 (v.4) WASM International Resource Trade 601

Area:	WASM Mineral Economics Teaching Area
Contact Hours:	16.0
Credits:	12.5
Lecture:	4 x 4 Hours Weekly
Anti Requisite(s):	13005 (v.2) WASM International Resource Competitiveness 601 or any previous version
Prerequisite(s):	10939 (v.4) WASM Natural Resources Economics 601 or any previous version
The Importance of Minerals Trade, trade and growth, the balance of payments, Basis for Trade - Factor Endowments and Exchange, Factor Mobility or Commodity Trade - the alternatives, Factor Price Equalisation - which factors? Pricing and Trade Mechanics. Market Structure - Multinationals and vertical integration - International price/quantity stabilisation, Market Disequilibrium - trade barriers, interventions, restrictive trade practices. Transport - Physical Issues, Process Location and Product Specs, Costing and Netbacks. Trade Finance and Risk - Principals and Agents, Physical - Risk and Hedge, Exchange rates - PPP and Practice and Theory, Spot rates and Forward Rates, Exchange risk - some practice. Additional Considerations - External influences such as environmental issues and technical transfers. Actual tuition undertaken as 16 hours of class in a four day module.