ECON3204 Finance and Economics for Minerals and Energy

Credit
6 points
Offering
AvailabilityLocationMode
Not available in 2019UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 option in the Economics; Professional Economics major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 3 elective
Content
This unit focuses on the application of finance and economics to mining and energy. Topics include principles of valuation of investment projects, risk management in mining and energy environments, the theory of the mine, world metal and energy prices, and the Australian dollar as a commodity currency.
Outcomes
Students are able to (1) understand key concepts in economics and finance can be applied to mineral and energy markets; (2) the factors that affect global demand supply and pricing of commodities; (3) the factors that drive the valuation of resources; and (4) the concepts of renewable and non-renewable resources.
Assessment
Assessment information is provided in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit rules
Prerequisites:
any Level 2 Finance
or
Economics unit; for pre-2012 courses: ACCT1101 Financial Accounting
and
ECON1101 Microeconomics: Prices and Markets
Incompatibility:
ECON2204 Finance and Economics for Minerals and Energy
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.