Commodity Trading and Global Commodity Markets (E )
course unit title:
Commodity Trading and Global Commodity Markets (E )
Commodity Trading and Global Commodity Markets (E )
course unit code:
B.EHB.01
B.EHB.01
type of course unit:
compulsory (integrated lecture)
compulsory (integrated lecture)
level of course unit:
second cycle, Master
second cycle, Master
year of study:
2.year of studies
2.year of studies
semester/trimester when the course unit is delivered:
3
3
number of ECTS credits allocated:
5.00
5.00
name of lecturer(s):
Dr. Matthias Pickl
Dr. Matthias Pickl
Learning outcomes of course unit:
This class ?Commodity Trading and Global Commodity Markets? is providing Master students with an understanding of commodity trading and global commodity markets.
By simulations (both ?in the pit? and electronically) students are actively put into the role of traders. In such a way students will learn about trading, learn about the different roles of a Trading Office, trade ? In the Pit / Open Outcry, trade ? Electronically, learn about Commodity Markets, learn about Exchanges and OTC, learn about Trading Products and Positions.
This class ?Commodity Trading and Global Commodity Markets? is providing Master students with an understanding of commodity trading and global commodity markets.
By simulations (both ?in the pit? and electronically) students are actively put into the role of traders. In such a way students will learn about trading, learn about the different roles of a Trading Office, trade ? In the Pit / Open Outcry, trade ? Electronically, learn about Commodity Markets, learn about Exchanges and OTC, learn about Trading Products and Positions.
mode of delivery:
In-class course
In-class course
prerequisites and co-requisites:
not applicable
not applicable
recommended optional programme components:
not applicable
not applicable
course contents:
Tasks and functions of electricity markets Commodities (electricity, gas, oil, coal, CO2) Wholesale and distribution market Electricity stock exchanges and the OTC Market mechanisms and participants Establishing a price for electricity products Spot market: Futures and options markets: Electricity stock exchanges and trading platforms Products and positions Mechanisms for establishing prices in wholesale markets Energy trading organisations Portfolio and risk management
Tasks and functions of electricity markets Commodities (electricity, gas, oil, coal, CO2) Wholesale and distribution market Electricity stock exchanges and the OTC Market mechanisms and participants Establishing a price for electricity products Spot market: Futures and options markets: Electricity stock exchanges and trading platforms Products and positions Mechanisms for establishing prices in wholesale markets Energy trading organisations Portfolio and risk management
recommended or required reading:
Fabozzi F. J. et al (Hrsg.), The Handbook of Commodity Investing, Wiley Hoboken 2008 Jackson, J., Energy budgets at risk, John Wiley & Sons New Jersey 2008 Horstmann, K., Cieslarczyk, M., Energiehandel ? Ein Praxishandbuch, Carl Heymanns Verlag 2006 Viertel, B., Kernkompetenzen im Gashandel, Diplomica Verlag GmbH Hamburg 2007 Bessau, D., Klumpp, M., Zukunft der Energiemärkte, Leipziger Universitätsverlag Leipzig 2002 Hielscher, U. et al., Börsenlexikon, Universitätsverlag Leipzig Leipzig 2002 Stoft S., Power System Economics - Designing Markets for Electricity. Wiley-Interscience Piscataway 2002 VDMA, Liberalisierung der Energiemärkte. Band 1 - Strom : Neue Herausforderung für den Einkauf, VDMA Verlag Leipzig 1998
Fabozzi F. J. et al (Hrsg.), The Handbook of Commodity Investing, Wiley Hoboken 2008 Jackson, J., Energy budgets at risk, John Wiley & Sons New Jersey 2008 Horstmann, K., Cieslarczyk, M., Energiehandel ? Ein Praxishandbuch, Carl Heymanns Verlag 2006 Viertel, B., Kernkompetenzen im Gashandel, Diplomica Verlag GmbH Hamburg 2007 Bessau, D., Klumpp, M., Zukunft der Energiemärkte, Leipziger Universitätsverlag Leipzig 2002 Hielscher, U. et al., Börsenlexikon, Universitätsverlag Leipzig Leipzig 2002 Stoft S., Power System Economics - Designing Markets for Electricity. Wiley-Interscience Piscataway 2002 VDMA, Liberalisierung der Energiemärkte. Band 1 - Strom : Neue Herausforderung für den Einkauf, VDMA Verlag Leipzig 1998
planned learning activities and teaching methods:
Lecture, group work, presentation and task discussion
Lecture, group work, presentation and task discussion
assessment methods and criteria:
Standardized exam (Multiple choice and short answers), Presentation
Standardized exam (Multiple choice and short answers), Presentation
language of instruction:
English
English
work placement(s):
not applicable
not applicable
course-hours-per-week (chw):
3.00
3.00
