ECTS : 3
Description du contenu de l'enseignement :
Raison d'être of commodity futures markets : three different approaches. Relationships with cash commodity markets and other asset classes. Examples, hedging and trading strategies.
Compétence à acquérir :
Market mechanisms, instruments (futures and options) and the basis (difference between the cash price and the future price).
Mode de contrôle des connaissances :
Written exam following the lecture.