| Course Unit Code | 545-0156/01 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Optional |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Third Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| CER25 | Ing. Igor Černý, Ph.D. |
| KOZ99 | doc. Ing. Roman Kozel, Ph.D. |
| Summary |
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| 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. |
| Learning Outcomes of the Course Unit |
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| 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. |
| Course Contents |
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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. The market for energy minerals
11. Non-metallic raw materials and building materials markets
12. The market for ores and industrial metals
13. Secondary raw materials market |
| Recommended or Required Reading |
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| Required Reading: |
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BROWN, T.J. et al. World Mineral Production 2015-19. Keyworth, Nottingham: British Geological Survey, 2021. ISBN 978-0-85272-790-4.
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. |
Aktuální ročenka: Surovinové zdroje České republiky: nerostné suroviny 20XX : statistické údaje do roku 20YY (uzávěrka odborných podkladů 31. srpna 20XX). Praha: Česká geologická služba, 20XX. ISBN ZZZ.
GARNER, Carley. Komodity: úvod do investování na nejrychleji rostoucím trhu. Brno: BizBooks, 2014. ISBN 978-80-265-0019-3.
KARPÍŠEK, Jindřich. Oceňování báňských podniků a ložisek nerostů. Praha: Vysoká škola ekonomická, 2002. ISBN 80-245-0295-X.
McCLAVE, James T.; BENSON, P. George; SINCICH, Terry. Statistics for business and economics. Harlow: Pearson, 2018. ISBN 978-1-292-22708-5. |
| Recommended Reading: |
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ENKE, Margit; GEIGENMÜLLER, Anja; LEISCHNIG, Alexander (eds.). Commodity Marketing: Strategies, Concepts, and Cases. Springer, 2022. ISBN: 978-3030906566.
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. |
KOZEL, Roman; MYNÁŘOVÁ, Lenka; SVOBODOVÁ, Hana. Moderní metody a techniky marketingového výzkumu. Praha: Grada, 2011. ISBN 978-80-247-3527-6.
ROGERS, Jim. Žhavé komodity: jak může kdokoli investovat se ziskem na světových trzích. Praha: Grada, 2008. ISBN 978-80-247-2342-6.
SIVEK, Martin. Ekonomika nerostných surovin. Ostrava: VŠB - Technická univerzita Ostrava, 2007. ISBN 978-80-248-1467-4. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | 45 (45) | 25 |
| Semestrální projekt | Semestral project | 45 | 25 |
| Examination | Examination | 55 (55) | 26 |
| Písemná zkouška | Written examination | 30 | 14 |
| Ústní zkouška | Oral examination | 25 | 12 |