The course presents theoretical and practical approaches related to the economics of
mineral resources (metallic ores, industrial minerals, energy minerals). Emphasis is
placed on analyzing the market for mineral raw materials, examining factors that
influence their supply and demand, and exploring trade and price formation
(exchanges, futures markets, decentralized markets, etc.). The course also looks into
the impact of metal substitution and recycling, among other topics. Additionally, it62
addresses issues concerning market distortions (monopolies, oligopolies, cartels,
etc.), taxation of mining companies, the direct, indirect, and consequential impacts of
mining activities on the national economy, optimal use of non-renewable resources,
and more. Finally, a significant part of the course involves analyzing and forecasting
the demand and prices of metals, energy products, and more, using time series
models and cross-sectional data with time series.
- Teacher: Δημήτριος Δαμίγος
ECTS : 4
Language : el
Learning Outcomes : Upon completion of the course, students will be able to: • Understand the functioning of the mineral and energy resources market under conditions of free competition, monopoly, and oligopoly. • Evaluate the factors affecting the supply and demand of mineral and energy resources. • Understand the impact of taxes, duties, and other interventions on the functioning of the mineral and energy resources market. • Understand the concept of mining rent. • Analyze time series data and develop models for forecasting mineral and energy resources prices and demand.