545-0156/01 – Raw Materials Market (TNS)

Gurantor departmentDepartment of Economics and Control SystemsCredits5
Subject guarantorIng. Igor Černý, Ph.D.Subject version guarantorIng. Igor Černý, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year3Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
CER25 Ing. Igor Černý, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2
Part-time Credit and Examination 8+8

Subject aims expressed by acquired skills and competences

Describe the process of extraction, processing and trade of mineral resources. Classify mineral raw materials. Choose appropriate research methods in the raw material industry. Create supply and demand in the mineral raw materials market. Evaluate opportunities and threats in the raw materials market.

Teaching methods

Lectures
Tutorials
Project work

Summary

The subject is a mineral raw material market. Emphasis is placed on understanding the process from mining, through processing to the trading of minerals. At the lectures students learn about the whole process, overview of the main minerals and market research. During the course the students gain practical experience in the preparation of a semester project on the topic of creating supply and demand of selected mineral resources.

Compulsory literature:

McCLAVE, James T.; BENSON, P. George; SINCICH, Terry. Statistics for business and economics. Harlow: Pearson, 2018. ISBN 978-1-292-22708-5. TILTON, John E.; GUZMÁN, Juan Ignacio. Mineral economics and policy. New York: RFF Press, Resources for the Future, 2016. ISBN 978-1-61726-088-9. CLARK, Iain J. Commodity option pricing: a practitioner's guide. Chichester: Wiley, 2014. ISBN 978-1-119-94451-5.

Recommended literature:

SCHAEFFER, Peter V. Commodity modeling and pricing: methods for analyzing resource market behavior. Hoboken: Wiley, 2008. ISBN 978-0-470-31723-5. McNEIL, Ruth. Business to business market research: understanding and measuring business markets. London: Kogan Page, 2005. ISBN 0-7494-4364-2. KESLER, Stephen E. Mineral resources, economics and the environment. New York: Macmillan College Publishing Company, 1994. ISBN 0-02-362842-1.

Way of continuous check of knowledge in the course of semester

Presentation of a semester project, credit test, written and oral exam.

E-learning

The scope of the contact part of the combined study is 8 hours of lectures and 8 hours of seminars per semester. Preparation of a professional project with a final report of at least 10 A4 pages on the topic of supply and demand for selected raw materials. Control during the semester as part of individual consultations and after submitting work. The Moodle learning management system (lms.vsb.cz) is used for communication beyond the scope of presentations. Through LMS Moodle, it is possible to communicate and transfer learning materials not only between the teacher and students, but also between students.

Další požadavky na studenta

Individually according to the instructions of the teacher

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Industrial market 2. Industry and classification of economic activities 3. The process of extraction and processing of raw materials 4. Primary and secondary sources of mineral resources 5. Specifics of the determination of prices of mineral raw materials 6. Secondary sources of market information 7. Primary sources of market information 8. Research of the mineral raw materials market 9. Raw Materials Initiative 10. Mineral resources and valid legislation 11. The market for energy minerals 12. Non-metallic raw materials and building materials markets 13. The market for ores and industrial metals 14. Secondary raw materials market

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  17
        Examination Examination 70  34
Mandatory attendence parzicipation: at least 50%

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B2735XXX0001) Mineral Economics SZ K Czech Most 3 Compulsory study plan
2020/2021 (B2735XXX0001) Mineral Economics SZ K Czech Ostrava 3 Compulsory study plan
2020/2021 (B2735XXX0001) Mineral Economics SZ P Czech Ostrava 3 Compulsory study plan
2020/2021 (B0712A290001) Waste Management and Mineral Processing K Czech Most 3 Optional study plan
2020/2021 (B0712A290001) Waste Management and Mineral Processing K Czech Ostrava 3 Optional study plan
2020/2021 (B0712A290001) Waste Management and Mineral Processing P Czech Ostrava 3 Optional study plan
2019/2020 (B0712A290001) Waste Management and Mineral Processing P Czech Ostrava 3 Optional study plan
2019/2020 (B0712A290001) Waste Management and Mineral Processing K Czech Ostrava 3 Optional study plan
2019/2020 (B0712A290001) Waste Management and Mineral Processing K Czech Most 3 Optional study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner