10949 (v.6) International Resource Trade 601

Area:	Department of Mineral Economics and Mine Management
Credits:	12.5
Contact Hours:	16.0
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:	4 x 4 Hours Weekly
Anti Requisite(s):	13005 (v.4) International Resource Competitiveness 601 or any previous version
Prerequisite(s):	10939 (v.6) 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, and factor price equalisation. Pricing and trade mechanics. Market structure - multinationals and vertical integration - international price/quantity stabilisation, market disequilibrium - trade barriers, interventions and 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, 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 is 16 hours of class in a four day module.
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.