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Unit of study_

AREC3003: Econ of Minerals and Energy Industries

The unit builds on previously acquired economics training and develops advanced understanding of the economics of minerals exploration, extraction and marketing and the economics of energy generation, distribution and use. The implications of mineral extraction and energy generation activities for natural resources and the environment are explored. The unit will foster in-depth knowledge of the markets for minerals and energy, their industry structure and business environment, including the role of markets for derivatives on minerals and energy commodities.

Code AREC3003
Academic unit Economics
Credit points 6
Prerequisites:
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AREC2003 or RSEC2031 or ECOS2001 or ECOS2901
Corequisites:
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None
Prohibitions:
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None

At the completion of this unit, you should be able to:

  • LO1. Apply and refine main economic theoretical concepts in formulation of problems related to non-renewable resource use
  • LO2. Conceptualise the relationship between economics and the environment with regards to the use of minerals, and generation and consumption of energy
  • LO3. Demonstrate ability to conduct a meaningful empirical economic analysis of minerals and energy related topics
  • LO4. Demonstrate knowledge of the business environment, industry structures and commodity and financial markets related to the minerals and energy industries
  • LO5. Demonstrate ablity to provide sound economic policy advice on minerals and energy issues

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.