10949 (v.4) WASM International Resource Trade 601

Area:

WASM Mineral Economics Teaching Area

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.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.

** 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
2005	Bentley Campus	Semester 2	Y
2005	Bentley Campus	Study Period 1 (Summer)	Y
2005	Bentley Campus	Trimester 1	Y
2005	Bentley Campus	Trimester 2	Y
2005	Bentley Campus	Trimester 3	Y
2005	Kalgoorlie Campus	Trimester 1	Y
2005	Kalgoorlie Campus	Trimester 2	Y
2005	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