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:

91900 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	Summer Period	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