Lecture

Energy Trading

Name in diploma supplement

Lecture Energy Trading

Organisational Unit

Lehrstuhl für Energiehandel und Finanzdienstleistungen

Lecturers

Prof. Dr. Rüdiger Kiesel

SPW

2

Language

English

Cycle

winter semester

Participants at most

no limit

Participants

• BWL EaF MasterPflichtbereich 1.-2. Sem, Compulsory, Module Energy Trading
• EnergySc MasterFortgeschrittene Energiewissenschaft 1. Sem, Elective, Module Energy Trading
• LA gbF/kbF BK MasterMasterprüfung in der großen beruflichen FachrichtungWahlpflichtbereich BWL, VWL, Recht, StatistikBereich BWL 1.-3. Sem, Elective, Module Energy Trading
• VWL MasterWahlpflichtbereich II 1.-3. Sem, Elective, Module Energy Trading
• WiMathe MasterVWL-Energie 1.-4. Sem, Elective, Module Energy Trading

Preliminary knowledge

Good knowledge in statistics and econometrics.

Abstract

The course provides a thorough overview of recent developments in energy and commodities markets, modeling approaches for these markets as well as of valuation methods for energy derivatives and risk management techniques.

Contents

1. Principles of energy  spot – and forward markets
2. Futures, forwards and swaps
3. Mathematical models for energy markets and energy price processes
4. Modelling and valuation of derivatives used in energy markets  Risk management in energy markets

Literature

• Burger, M., Graeber, B. and Schindlmayr. G.: Managing Energy Risk: An Integrated View on Power and Other Energy Markets, John Wiley & Sons, 2007
• Kaminiski, V.: Energy Markets, RISK books, 2013 
• Eydeland, A. and Wolyniec, K.: Energy and Power Risk Management, John Wiley & Sons, 2003
• Geman, H.: Commodities and Commodity Derivatives, John Wiley & Sons, 2005
• James, T.: Energy Markets: Price Risk Management and Trading, John Wiley & Sons, 2008.

Teaching concept

presentation, discussion