MINE 1725 Mining Economics

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Keywords

Mining Economics, Extraction Industry Economics

Project

Wyoming Community College Coalition: Preparing supervisors, managers and entrepreneurs today for tomorrow’s economy

Authors

Dearinger, Tracy

Date Submitted

2014-11-01

Material Type

Online Course

Secondary Material Type

Hybrid/Blended Course

Institution

Northern Wyoming Community College

Industry Partner

Cloud Peak

License

CC BY

Funding Source

TAACCCT Round 1

Additional Public Access

Abstract

This course is an introduction to basic economic and financial principles used in mining. Using case studies from surface mining business models, students evaluate financial goals, recommend and implement continuous improvement strategies, and evaluate project effectiveness using fixed and variable costs. Students compare preventive and reactive cost control methods for business operations affecting equipment maintenance and production down time. This course explores sustainable business strategies as applicable to the surface mining industry.

Industry (NAISC)

Mining, Quarrying, and Oil and Gas Extraction -- Mining (except Oil and Gas) -- Coal Mining (2121)

Occupation (SOC)

Construction and Extraction Occupations -- First-Line Supervisors/Managers of Construction Trades and Extraction Workers (47-1011)

Instructional Program (CIP)

Technology Education/Industrial Arts (21)

Credit Type

Credential Type

Associate Degree

Educational Level

2nd Year Community College or equivalent

Skill Level

Quality Assurance Organization