361-0316/01 – Energy Commodities Market (EKM)
| Gurantor department | Department of Power Engineering | Credits | 5 |
| Subject guarantor | doc. Ing. Mojmír Vrtek, Ph.D. | Subject version guarantor | doc. Ing. Mojmír Vrtek, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory |
| Year | 3 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2015/2016 | Year of cancellation | 2022/2023 |
| Intended for the faculties | FS | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
The main objective of the course is to explain the functioning of markets for energy resources, the essence of the functioning and structure in the country. Students learn to work with the fundamental analysis and use it to understand the mode of determination and commodity prices and financial risk management in the energy sector.
Teaching methods
Lectures
Seminars
Individual consultations
Tutorials
Project work
Other activities
Summary
Students will be acquainted with valuable energy commodities, ways of their trading, weighting and criteria.
Compulsory literature:
A STUDY ON EXISTING LITERATURE OF COMMODITY MARKET, International Journal of Management Studies, http://www.researchersworld.com/ijms/vol3/issue1/Paper_10.pdf
Recommended literature:
no relevant, special information according personal need
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
Another demands for student are not.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. The model of market equilibrium of the electricity market, the issue of renewable subsidies and speeches in the model.
2. Development of the electricity, primary energy sources and emission allowances in the Czech Republic and the world.
3. anxieties aroused by fundamental factors in the development of spot prices of selected commodities contracts.
4. Valuation of futures contracts whose underlying asset consists of a storable commodity.
5. Valuation of futures contracts whose underlying asset consists of storable commodity futures contracts on the example of electricity.
6. The system of trading in futures contracts.
7. Systems for evolution and price volatility of selected commodities.
8. Risk management and financial risk management for energy companies.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction