Course code BUS323

BUS323 Commodity Market Analysis

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Showing course contents for the educational year 2016 - 2017 .

Course responsible: Marie Gotteberg Steen
Teachers: Atle Guttorm Guttormsen, Ole Gjølberg
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel, .
Course frequency: Annually
First time: Study year 2009-2010
Preferential right:
-Master in Business  and Economics
Course contents:
The course aims at giving the students a thorough insight into the functioning of the international commodity markets (supply, demand, storage). Heavy emphasis will be placed on the functioning of the major commodity exchanges, including pricing mechanisms, the relationships between spot and futures prices, hedging and trading strategies. The course will consist of traditional class lectures, guest lectures from the industry (traders, portfolio managers etc.) and the writing of a comprehensive report presenting one specific commodity. Students will work in groups and should present their report in seminars. We aim to arrange a voluntary excursion to London, to visit different institutions and companies involved in different aspects of commodity markets.
Learning outcome:
The aim of the course is to develop the students ability to understand international commodity markets. This aim shall be accomplished through combining economic theory with institutional knowledge about these markets. Knowledge about important commodity markets, trade issues, supply and demand and market issues will be presented in the lectures.
Learning activities:
Lectures, guest lectures, excursion and semester assignment.
Teaching support:
A reading list will be available at the beginning of the course.
BUS220 or an equivalent course, BUS322 or an equivalent course, micoreconomics and statistics
Recommended prerequisites:
Basic International trade
Mandatory activity:
Participation in at least 2/3 of the lectures/seminars. Deliver a price prognosis for the assigned commodity. Produce a blog on the assigned commodity. Participate in an investment game. Present a partly finished report once during the semester, and be an opponent on sombody else's presentation. Compulsory activities must be retaken as a whole if a student wants to retake the exam..
Students are evaluated on the basis of their report as well as an oral examination. The latter is based on the report, syllabus, lectures and blog.
Entrance requirements:
Reduction of credits:
Type of course:
-Normally, 4 hours per week. However, it may be necessary to run some more intensive modules
An external examiner will assess the semester assignments and also possibly the oral examination. The course teacher will discuss the course arrangements with the external examiner.
Examination details: Continuous exam: A - E / Ikke bestått