|
| |
10949 (v.4) WASM International Resource Trade 601
Area: | WASM Mineral Economics Teaching Area |
Credits: | 12.5 |
Contact Hours: | 16.0 |
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
|
Syllabus: | 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. |
| |
Unit Outcomes: | On successful completion of this unit, students will have- Discussed the theory and practice of international trade in physical resources. An understanding of the elements of the economics of shipping mineral commodities. An appreciation of the instruments and organisation of the financing of mineral trade. Explained the key role of exchange rates in influencing mineral trade. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | Appleyard, Denis. and Field, Denis. (2002), International economics (fourth edition). Boston, Irwin McGraw-Hill. Meier, Gerald. (1980), International economics: the theory of policy. Oxford, Oxford University Press. Porter, Michael. (1990), The competitive advantage of nations. New York, Macmillan. Sodersten, Bo. and Reed, Geoffrey. (1994), International economics (third edition). Basingstoke, Macmillan. Australian Bureau of Agricultural and Resource Economics. (2002), Minerals and energy outlook 2002, proceedings of the national outlook conference. Canberra, Australian Bureau of Agricultural and Resource Economics. Noakes, M. and Lanz, T. (eds.) (1993), Cost estimation handbook for the Australian mining industry. AusIMM, Monograph No, 20. Branch, A.E. (2001), Elements of shipping (eighth edition). London, Chapman and Hall. Chartering Annual (annual), New Jersey, Maritime Research Inc. Gray, J.W. (1987), Futures and options for shipping. London, Lloyd's List. Branch, A.E. (1986), Dictionary of shipping international trade terms and abbreviations (third edition). London, Witherby and Co. Gray, J.W. (1987), Futures and options for shipping. London, Lloyd's List. |
Unit Texts: | No prescribed texts. |
| |
Unit Assessment Breakdown: | Assessment during unit 20%, Final examination 80%. This is by grade/mark assessment. |
Field of Education: | 91900 Economics and Econometrics (Narrow Grouping) | HECS Band (if applicable): | 2 |
|
Extent to which this unit or thesis utilises online information: | Not Online | Result Type: | Grade/Mark |
|
Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | | 2004 | Bentley Campus | Summer Period | Y | | | | 2004 | Kalgoorlie Campus | Semester 2 | Y | | | | 2004 | Kalgoorlie Campus | Summer Period | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
|
Click here for a printable version of this page
|
|
|
|
