Vorlesung Derivatives II - Applications in Energy Markets

General Information:

 

Outline:

The course is a continuation of the course Derivatives in the summer semester and gives an introduction to derivatives in energy markets. The goal is to discuss the specific challenges in pricing, hedging, and risk management connected with trading on energy markets. The content includes material on forward and futures trading, specification and estimation of models for price dynamics, pricing of derivative instruments, and risk management techniques.

To facilitate a better understanding of the subject the course is divided into lectures and work on case studies. In the lecture parts theory is presented which will then subsequently applied in three case studies. Students work on the case studies in groups, hand in short a write-up of their work, and present their results in the class.

Grades:

Grades will be awarded based on the case study reports and the presentations in the class.

 

A more detailled description of the course can be found here.