Course Summary
The course is intended to provide a fundamental understanding of energy futures markets and how they can be used to manage price risk. In-depth discussion of their impact on the price of oil and regulatory approaches to manage undue volatility will also be provided. Specific topics include: Introduction to Energy Markets and Risk Management; Fundamentals of Derivatives Securities and Options; Regulation of Derivatives Markets; Mechanics of Derivatives Exchange; Exchange Trading and Trading Behaviour; Options Pricing; Swaps and Other Derivatives; Risk Management; Application of Derivatives and Energy Market I; Application o f Derivatives and Energy Market ll; and Real Options