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Unit of study_
AREC3003: Econ of Minerals and Energy Industries
2023 unit information
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.
Unit details and rules
Managing faculty or University school:
Economics
| Code | AREC3003 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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AREC2003 or RSEC2031 or ECOS2001 or ECOS2901 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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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 availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
There are no availabilities for this year.
Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
