11313 (v.4) WASM Economics 182

---

 

Area:	WASM Mineral Economics Teaching Area
Contact Hours:	3.0
Credits:	12.5
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
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.