Université Paris-Dauphine

Master Ingénierie Economique

Parcours Ingénierie Economique et financière

Fiche ECTS

UE 3272MU31
Intitulé du cours	Période	Heures hebdomadaire	Durée semaine	Département
International Commodities Markets	2^ère	3	6	MSO
Responsable (s)	Evaluation	ECTS		Niveau
Nicolas Dupuis	Examen écrit	2		M2

Plan

Session 1 - Introduction

- Students Market Update presentation (10 min)

- Organized Markets, OTC Markets, Market actors, History

- Understanding the forward curve

- Commodities as an Asset Class

- Managing the implied FX risk

Session 2 - Oil Products

- Students Market Update presentation (10 min)

- Understanding the Oil markets

- Hedging products & Strategies

- Mean reversion models

Session 3 - Gas & Power + Carbon Emissions

- Students Market Update presentation (10 min)

- Understanding the Gas & Power markets

- Embedded derivatives in Gas & Power supply agreements

- Understanding the impact of derivatives on the balance sheet and P&L

Session 4 - PetCoke, Coal & Dry Fret Markets

- Students Market Update presentation (10 min)

- Solid Fuels & International Physical Coal markets

- Understanding the importance of Dry Fret

- Coal Financial Trading

Session 5 - Soft Commodities & Industrial Metals

- Students Market Update presentation (10 min)

- Presentation by Arnaud Boucard, Calyon Commodity Sales

- Q&A on the commodity job market

Session 6 - Project Kick Off Meeting (VBA)

- Students Market Update presentation (10 min)

- Objective of the project : Building a swap pricer with Reuters in VBA