ORF 455 No Audit
Energy and Commodities Markets
This course is an introduction to commodities markets (energy, metals, agricultural products) and issues related to renewable energy sources such as solar and wind power, and carbon emissions. Energy and other commodities represent an increasingly important asset class, in addition to significantly impacting the economy and policy decisions. Emphasis will be on the application of Financial Mathematics to a variety of different products and markets. Topics include: energy prices (including oil and electricity); cap and trade markets; storable vs non-storable commodities; financialization of commodities markets; applications of game theory.
Sample reading list:
Eydeland, A. & Wolyniec, K., Energy and Power Risk Management
G. Swindle, Valuation and Risk Management in Energy Markets
The Economist, Guide to Commodities: Producers, players and
6-8 homeworks (incl some MATLAB coding), occasional readings
Mid Term Exam - 30%
Final Exam - 40%
Problem set(s) - 30%
Open to Juniors, Seniors, and Graduate Students Only.
Prerequisites and Restrictions:
ORF335 or instructor's permission required.
Juniors and Seniors Only 25
Open to Graduate Students Only 15
|41853||L01||1:30 pm - 2:50 pm||T Th||Sherrerd Hall 101||Enrolled:12 Limit:40|
|41854||P01||7:30 pm - 8:20 pm||M||Friend Center of Engineering 008||Enrolled:12 Limit:40|