MINE 1725 Mining Economics

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.
Primary Material Type:
Online Course
Other Material Types:
Hybrid/Blended Course
Northern Wyoming Community College
Project Name:
Wyoming Community College Coalition: Preparing supervisors, managers and entrepreneurs today for tomorrow’s economy
Funding Source:
Mining Economics, Extraction Industry Economics

Industry / Occupation

Industry Partner:
Cloud Peak
Industry Sector:
Mining, Quarrying, and Oil and Gas Extraction -- Mining (except Oil and Gas) -- Coal Mining (2121)
Construction and Extraction Occupations -- First-Line Supervisors/Managers of Construction Trades and Extraction Workers (47-1011)

Education / Instructional Information

Instructional Program:
Technology Education/Industrial Arts (21)
Credit Type:
  • Credit
Credential Type:
  • Associate Degree
Educational Level of Materials:
  • 2nd Year Community College or equivalent
Time Required:
This course is designed for 3 credit hours and can be deliverd in a 9 week block.
English (United States)
Interactivity Type:
Mix of Active and Presentation.
Quality Rubric:
Quality Note:
This course was reviewed by the Dean of the academic area, the instructional designer, and the Director of Distance Learning.
Quality of Subject Matter was assured by:
  • Consultations during development of instructional materials
  • Participation as an ongoing member of team developing the instructional materials
  • Conducting an evaluation of the instructional materials and providing a report
  • Using an approved rubric to conduct the evaluation of the instructional materials and providing a report
Quality of Online/Hybrid Course Design assured by:
  • Industry Standard Quality Rubric; Custom Quality Rubric
  • Custom Quality Rubric
  • Expertise of Project's Instructional Designers
Course Note:
This is a course in the Mining Technology AAS program


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  • Interactive - Keyboard
  • Interactive - Markup
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Copyright / Licensing

Copyright Owner:
Primary License:
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Additional License(s):