Mineral Resources Policy and Economics (by Distance Learning) module (CP50014)

The international mineral industry is one of the biggest industries in the world in terms of revenue. This includes exploration, mining, processing, and the refining of mineral resources and coal.

You will explore the main economic tools that are used to analyse the international mineral industry.

Transitioning to a net-zero economy is significantly dependent on mining critical minerals sustainably.

You will study the interaction between demand, supply, and prices. You will also study the key policy issues facing companies and governments within the international mining industry.

What you will learn

In this module, you will:

• explore the characteristics and features of the global mineral industries
• learn about the nature of mineral reserves and resources
• examine influences on demand for minerals and metals
• study factors affecting costs of production and supply
• explore mineral and metal markets
• learn about the determination of prices
• analyse trends in exploration and investment
• explore minerals and economic development
• consider the local impact of mining, including health and safety, environmental, and social effects
• study minerals and sustainable development
• discuss economic policy issues for mineral industries and the allocation of value-added

By the end of this module, you will be able to:

• use economic analysis to understand issues in the international mining industry
• provide advice to government officials or company managers on approaches. This will be on strategies relating to the mineral industry
• critically review and analyse the main forces that drive the industry, market and players
• critically review information
• research and analyse issues relating to the mineral industry. These will be informed by developments at the forefront of the subject

Assignments / assessment

• course work (50%)
  • research paper (3,000-4,000 words)
• final exam (50%)
  • online open book exam

Teaching methods / timetable

You will be taught through our virtual learning environment, My Dundee.

Learning material is provided through a study guide, core reading, tutorial questions, and case studies.