Commodity Markets - ECO00017I
- Department: Economics and Related Studies
- Credit value: 10 credits
- Credit level: I
- Academic year of delivery: 2022-23
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
- To consider some of the principal problems and controversies that are peculiar to trade in primary commodities. Theoretical, institutional and empirical works are all considered. Towards the end of the course some of the special features of futures markets in financial assets are considered
- To outline the economic structure of physical commodity markets
- To analyse these using micro market models
- To outline the modelling of forward and futures markets
- To review some empirical applications
- The course is not directly vocationally oriented and will not directly help you make your first million. If you want a very practical course, don't choose this one
Module learning outcomes
On completing the module a student will be able to:
- Have an understanding of how to analyse simple market models theoretically in both static and dynamic forms
- Model the financial market superstructure and an appreciation of the empirical methods and results in the area
Indicative assessment
| Task | % of module mark | Group |
|---|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 | Default |
| Essay/coursework | 100 | A |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark | Group |
|---|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 | Default |
| Essay/coursework | 100 | A |
Module feedback
Feedback will be made available according to University guidelines.
Indicative reading
Labys, W. (1975), Quantitative Models of Commodity Markets, Ballinger Publishing Company. Phlips, L. (1990), Commodity, Futures and Financial Markets, Springer.