Course responsible:Marie Gotteberg Steen
Campus / Online:Taught campus Ås
Nominal workload:250 hours.
Teaching and exam period:This course starts in spring parallel. This course has teaching/evaluation in spring semester, .
About this course
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
After finishing the course the candidate should be able to
- obtain data on commodities, commodity prices etc. from central databases like Refinitiv (Datastream) and the large commodity exchanges
- analyse data (prices, turnover etc.) from the commodity markets to develop investment- and hedging strategies
- competence within (investments, risk management)
- competence in data collection and analysis of commodity markets
- Lectures, guest lectures, investment game, price forecasts, blogging and work on semester report.
- BUS220 Finance and Investment or equivalent, introductory microeconomics, introductory statistics / econometrics.
- Basic International trade
- This course has single evaluation in the form of an oral exam in the exam period. The oral examination is based on the semester report, curriculum, lectures, investment game report and blog report.
- 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.
- Participation of at least 2/3 of the lectures / seminars. Delivering price forecast report for assigned commodities. Write blog posts every second week throughout the semester. Write a semester report, including an investment report. 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.
- The course is in English. Incoming students can contact student advisors at the School of Economics and Business (firstname.lastname@example.org) for admission to the course.
- -Normally, 4 hours per week. However, it may be necessary to run some more intensive modules
- Letter grades
- The course is for master students enrolled in the following programs: Master in Business Administration and Master in Economics. It is also open for other master students from NMBU and exchange students and single course students with sufficient background (cfr Prerequisites).