European Energy Business PT
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Commodity Trading and Global Commodity Markets (E )

level of course unit

Master

Learning outcomes of course unit

The students will gain the ability to understand the relationships between the conceptual design and functioning of commodity trading and commodity markets and to put the acquired knowledge to the test in simulations.

prerequisites and co-requisites

not applicable

course contents

- Roles and functions of the electricity markets
- Commodities (electricity, gas, oil, coal, CO2)
- Wholesale and distribution markets
- Electricity exchanges and OTC
- Market mechanisms and market participants
- Pricing of electricity products
- Spot market
- Futures and options market
- Electricity exchanges and trading platforms
- Products and positions
- Pricing mechanisms in wholesale markets
- Organization of the energy trading
- Portfolio and risk management (in outline)

recommended or required reading

- Horstmann, K., Cieslarczyk, M., Energiehandel – Ein Praxishandbuch, Carl Heymanns Verlag 2006
- Kiesel, R./Eller, R. (Hrsg.), Risikomanagement in der Energiewirtschaft (8 Bände), Euroform, Düsseldorf, 2012

assessment methods and criteria

Exam, Paper, Presentation

language of instruction

English

number of ECTS credits allocated

4.5

course-hours-per-week (chw)

3

planned learning activities and teaching methods

not applicable

semester/trimester when the course unit is delivered

3

name of lecturer(s)

Dipl.-Ing. Harald Skopetz

year of study

2.

recommended optional program components

not applicable

course unit code

B.EHB.02

type of course unit

ILV

mode of delivery

in-class course

work placement(s)

not applicable