10947 (v.3) WASM Mineral Market Analysis 601

Area:

WASM Mineral Economics Teaching Area

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.4) WASM Natural Resources Economics 601

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 - primarysupply - 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)

Funding Cluster:

02 - Accounting, Administration, Economics, Commerce

SOLT (Online) Definitions*:

Not Online
*Extent to which this unit or thesis utilises online information

Result Type:

Grade/Mark

Availability

Year	Location	Period	Internal	Partially Online Internal	Area External	Central External	Fully Online
2006	Bentley Campus	Semester 2	Y
2006	Bentley Campus	Study Period 12	Y
2006	Bentley Campus	Trimester 1	Y
2006	Bentley Campus	Trimester 2	Y
2006	Bentley Campus	Trimester 3	Y
2006	Kalgoorlie Campus	Trimester 1	Y
2006	Kalgoorlie Campus	Trimester 2	Y
2006	Kalgoorlie Campus	Trimester 3	Y

Area External	refers to external course/units run by the School or Department or offered by research.
Central External	refers to external and online course/units run through the Curtin Bentley-based Distance Education Area
Partially Online Internal	refers to some (a portion of) learning provided by interacting with or downloading pre-packaged material from the Internet but with regular and ongoing participation with a face-to-face component retained. Excludes partially online internal course/units run through the Curtin Bentley-based Distance Education Area which remain Central External
Fully Online	refers to the main (larger portion of) mode of learning provided via Internet interaction (including the downloading of pre-packaged material on the Internet). Excludes online course/units run through the Curtin Bentley-based Distance Education Area which remain Central External