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Course Details

Spring 2015-2016
ORF 455   No Audit

Energy and Commodities Markets

Delphine H. Lautier

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 term structure of commodity prices: behavior, models and empirical issues

Sample reading list:
Hull, J.C., Options, futures and other derivatives
Kolb & Overdahl, Futures, options and swaps
Bain, C., The economist guide to commodities
Williams, J.C. & Wright B., Storage and commodity markets

Reading/Writing assignments:
6-8 homeworks, occasional readings

Requirements/Grading:
Mid Term Exam - 30%
Final Exam - 40%
Problem set(s) - 30%

Other Requirements:
Open to Juniors, Seniors, and Graduate Students Only.

Prerequisites and Restrictions:
ORF335 or instructor's permission required.

Reserved Seats:
Juniors and Seniors Only 25
Open to Graduate Students Only 15

Schedule/Classroom assignment:

Class numberSectionTimeDaysRoomEnrollmentStatus
41106 L01 1:30 pm - 2:50 pm T Th   Sherrerd Hall   101   Enrolled:13 Limit:40
41107 P01 7:30 pm - 8:20 pm M   Friend Center   003   Enrolled:13 Limit:40