10947 (v.5) Mineral Market Analysis 601

Area:	Department of Mineral Economics and Mine Management
Credits:	25.0
Contact Hours:	32.0
The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline.
Lecture:	8 x 4 Hours Fortnightly
Prerequisite(s):	10939 (v.6) Natural Resources Economics 601 or any previous version
Syllabus:	A brief review of the nature of mineral market analysis, microeconomic principles. Demand and consumption: demand determinants, intensity of use: concepts and trends, material substitution and demand elasticities. Costs, supply and production: primary supply: stages, sources and determinants, secondary supply and recycling, supply elasticities, comparative cost analysis and long run cost trends. Market structure, prices, economic rents and competitiveness: the industrial organisation paradigm, mineral markets: types and evolution, prices: past and future, volatility hedging, cartels and commodity agreements and economic rents. Future trends and prospects: an examination of selected mineral commodities.
To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement.
Field of Education:	091900 Economics and Econometrics (Narrow Grouping)
SOLT (Online) Definitions*:	Not Online *Extent to which this unit or thesis utilises online information
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.