10939 (v.4) WASM Natural Resources Economics 601

Area:

WASM Mineral Economics Teaching Area

Credits:

25.0

Contact Hours:

32.0

Lecture:

8 x 4 Hours Fortnightly

Prerequisite(s):

5697 (v.7) Economic Analysis and Asian Economies 550 or any previous version

Syllabus:

The study of mineral economics, review of economic concepts and theories, the framework for the analysis of natural resources, economic rent, renewable resources, environmental resources, non-renewable resources, minerals and economic development, mineral abundance - curse or blessing, mineral policy and mineral taxation, mining and the environment, mining and sustainable development.

Unit Outcomes:

On successful completion of this unit students will have- Appreciation of the key elements of the sub-discipline of natural resource economics. Ability to apply standard economic concepts, theories and analysis in understanding of natural resource issues. Understanding why natural resources pose particular analytical and policy problems. Knowledge to explain the relationship of non-renewable resource extraction to the economic development process.

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:

Campbell G.A., (1999), Recent Trends in World Metal Consumption, Minerals and Energy, 14, 15-26. Tilton J., (1989), The New View of Minerals and Economic Growth. The Economic Record, 65, 265-278. Auty, R.M and Mikesell, R.F., (1998), Sustainable Development in Mineral Economics, Oxford, Clarendon Press, 13-31. Davis G., (1995), Learning to Love the Dutch Disease, Evidence from the Mineral Economies, World Development, 23, 1765-99. Maponga O and Maxwell P., (2001), The Falland Rise of African Mining, Minerals and Energy, 16, 9-26. O'Brien J., (1994), Undoing a Myth, Chile's debt to Copper and Mining, Ottawa, International Council on Metals and the Environment, 2-19, The Natural Resources Myth, Ungenerous endowments, The Economist, December 24, 1995- January 5, 1996, 87-89. Andrews, C.B., (1998), Emerging trends in mining industry partnerships, Natural Resources Forum, 22, 119-126. Crowson P., (2002), Pandora's Box, Economic Policy Issues for the Mining Industry, Minerals and Energy, Raw Materials Report, 17, 3-9. Granaut R., (1995), Dilemmas of Governance, Denoon et al, Mining and Mineral Resource Policy in Asia-Pacific, Prospects for the 21st Century, Canberra, 61-66.

Unit Texts:

Field Barry C., (2001), Natural Resource Economics - An Introduction, Irwin/McGraw-Hill International Edition.

Unit Assessment Breakdown:

Examination 1 20%, Examination 2 20%, Multiple choice tests 10%, Overnight exercises 50%. This is a Grade/Mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Kalgoorlie Campus	Semester 2	Y
2004	Kalgoorlie Campus	Summer Period	Y
2004	Kalgoorlie Campus	Trimester 1	Y