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