Course code BUS323

BUS323 Energy and commodity market analysis

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Showing course contents for the educational year starting in 2018 .

Course responsible: Marie Gotteberg Steen
Teachers: Ole Gjølberg
ECTS credits: 10
Department: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in spring parallel. This course has teaching/evaluation in spring semester, .
Course frequency: Annually
First time: 2009V
Preferential right:
-Master in Business  and Economics
Course contents:
The course is aiming to give the students a thorough insight into the functioning of international commodity markets (supply, demand, storage). Considerable weight will be put on establishing knowledge about the main commodity exchanges, hereunder the price formation, spot-futures relationships, and hedging and investment strategies, price analyses and technical forecasting models. The students will during the course also learn facts about production and consumption of commodities, international players within production, processing and distribution. The teaching is based on classical lectures, guest lectures and producing a report. The students will work in groups and present the report in seminars, and all the groups will present their report throughout the course. The students are also required to produce a blog on their given commodity, and to participate in a real time investment game. If possible, a voluntary trip to London is arranged to visit different finance and commodity institutions. There is mandatory presence on minimum 2/3 of the lectures and seminars.
Learning outcome:

Knowledge:

After finishing the course the candiate should have knowledge about:

  • the functioning of international commodity markets (price formation, supply, demand, storage)
  • the functioning of the large commodity exchanges, hereunder price formation, spot-futures price relations, hedging and investment strategies
  • the production and consumption og commodities globally
  • international players within production, processing and distribution of commodities

Skills:

After finishing the course the candidate should be able to 

  • obtain data on commodities, commodity prices etc. from central databases like Datastream and the large commodity exchanges
  • analyse data (prices, turnover etc.) from the commodity markets to develop investment- and hedging strategies

General competence:

  • competence within (investments, risk management)
  • competence in data collection and analysis of commodity markets
Learning activities:
Lectures, guest lectures, investment game and work on semester report.
Teaching support:
-
Syllabus:
Will be given at the start of the course.
Prerequisites:
BUS220 or equivalent, BUS322 or equivalent, microeconomics, statistics / econometrics.
Recommended prerequisites:
Basic International trade
Mandatory activity:
Participation of at least 2/3 of the lectures / seminars. Delivering price forecast for assigned commodities. Blogging about allocated raw materials, participate in the investment game. Present partially completed report 1 time during the semester, as well as being an opponent on another presentation. A retake exam is not organized in this course. Those who do not pass need to take the whole course next time the course is organized.
Assessment:
Students are evaluated on the basis of a submitted semester report, blog activity and oral examination. The oral examination is based on the report, curriculum, lectures and blog.
Nominal workload:
300 hours.
Entrance requirements:
Bachelor
Reduction of credits:
-
Type of course:
-Normally, 4 hours per week. However, it may be necessary to run some more intensive modules
Note:
-
Examiner:
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

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