11742 (v.2) WASM Mineral Commodity Analysis 301

Area:

WASM Mineral Economics Teaching Area

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 2 Hours Weekly

Tutorial:

1 x 1 Hours Weekly

Prerequisite(s):

8931 (v.3) Economics (Micro) 203

Syllabus:

Metals, non metals and energy. Major determinants of metal demand. Demand functions and elasticities. Major determinants of metal supply. Byproducts and coproducts. Secondary production. Market instability. Stockpiles. Long run price forecasts. Solid fuelresources, technologies and delivery systems. Demand and supply for solid fuel resources. Demand and supply for oil and gas.

Unit Outcomes:

On successful completion of this unit, students will have- An appreciation of the determinants of demand and consumption of mineral and energy commodities. An understanding of the determinants of primary and secondary supply of mineral and energy commodities in both the short-run and the long-run. Analysed the industrial organisational framework of mineral sector producers and consumers.

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:

Carlton, Dennis, E. and Perloff, Jeffrey, M. (2000), Modern Industrial Organisation (third edition). Reading, Addison Wesley. Crowson, Philip. (1998), Inside mining. London, Mining Journal Books. Tilton, John, E. (1992), 'Economics of the mineral industries' in Howard, L. Hartman (ed.), SME mining engineering handbook (second edition), Vol. 1. Littleton, SME, pp.47-51. Maxwell, Philip. (1999), 'The coming nickel shakeout', Minerals and energy, Vol. 14, pp. 4-14. Tilton, John E. (1990) 'Introduction'and 'The outlook for world metal demand', in John E. Tilton, (ed.) World metal demand: trends and prospects. Washington D.C., Resources for the future, pp. 1-11, 255-267. Radetski, Marian. and Tilton, John E. (1990), 'Conceptual and methodological issues', in John E. Tilton (ed.) World metal demand: trends and prospects, pp. 13-34. Tilton, John E. (1993), 'Substitution of materials: economics', in M.B. Bever, (ed.) Concise encyclopedia of materials economics, policy and management. New York, Pergamon. Torries, Thomas F. (1988), Competitive cost analysis in the mineral industries: the example of nickel. Resources policy, Vol. 14, No.3, (September), pp. 183-204.

Unit Texts:

No prescribed texts.

Unit Assessment Breakdown:

Class project 20%, Final exam 60%, Quizzes 20%. This is by grade/mark assessment.

Field of Education:

80500 Sales and Marketing (Narrow Grouping)

HECS Band (if applicable):

Extent to which this unit or thesis utilises online information:

Not Online

Result Type:

Grade/Mark

Availability

Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.

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