545-0190/01 – Trading in raw materials (OSS)

Gurantor departmentDepartment of Economics and Control SystemsCredits5
Subject guarantordoc. Ing. Roman Kozel, Ph.D.Subject version guarantordoc. Ing. Roman Kozel, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageCzech
Year of introduction2021/2022Year of cancellation
Intended for the facultiesHGFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
KOZ99 doc. Ing. Roman Kozel, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2
Part-time Credit and Examination 8+8

Subject aims expressed by acquired skills and competences

Define the importance of trading in raw materials. Distinguish between different trading approaches. Analyze business models. Choose the right business strategy. To formulate the key instruments of international trade in raw materials.

Teaching methods

Lectures
Tutorials
Project work

Summary

The course focuses on the issue of trading in raw materials both in physical form and in the form of commodity derivatives. In the lectures, students gradually become acquainted with various business approaches and the international context of business is emphasized. As part of the exercise, students solve a semester project focusing on trading with a selected group of raw materials.

Compulsory literature:

GARNER Carley. Higher Probability Commodity Trading: A Comprehensive Guide to Commodity Market Analysis, Strategy Development, and Risk Management Techniques Aimed at Favorably Shifting the Odds of Success. Decarley Trading, 2020. ISBN: 978-1948018975 SCHWAGER, Jack D. a Mark ETZKORN. A complete guide to the futures market: technical analysis, trading systems, fundamental analysis, options, spreads, and trading principles. 2nd ed. Hoboken, New Jersey: Wiley, 2017. ISBN 9781119209713. CLARK, Iain J. Commodity option pricing: a practitioner's guide. Chichester: Wiley, 2014. ISBN 978-1-119- 94451-5. COULSON, Michael. An Insider's Guide to the Mining Sector: An in-depth study of gold and mining shares. 2nd ed. Harriman House, 2008. ISBN: 978-1905641550.

Recommended literature:

SCHOFIELD, Neil C. Commodity Derivatives: Markets and Applications. 2nd ed. Wiley, 2021. ISBN 978-1119349105 TAMVAKIS, Michael N. Commodity trade and finance. 2nd ed. New York: Informa Law from Routledge. Grammenos library, 2015. ISBN 978-0-415-73245-1. GEMAN, Hélyette. Commodities and commodity derivatives: modeling and pricing for agriculturals, metals and energy. Chichester: Wiley, 2005. ISBN 0-470-01218-8. BROWN, T.J. et al. World Mineral Production 2015-19. Keyworth, Nottingham: British Geological Survey, 2021. ISBN 978-0-85272-790-4.

Way of continuous check of knowledge in the course of semester

Semester project presentation and written and oral exam.

E-learning

The Moodle Learning Management System (lms.vsb.cz) is used to communicate beyond the scope of attendance at present, through which communication is made not only between the teacher and students, but also between the students.

Other requirements

Semester project Minimum participation 50% Individually according to the instructions of the teacher

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Trade and business institutions 2. Commodity exchanges 3. Investing in commodities 4. Technical analysis of trading 5. Fundamental analysis of trading 6. Models of trade in raw materials 7. Electronic auctions in the purchase of raw materials 8. Instruments of raw materials policy 9. Trading in secondary raw materials 10. Domestic raw material base and prices of mineral raw materials 11. Trade in raw materials in the international context 12. Securing participants in international trade 13. Incoterms 14. Customs duties and taxes on trade in raw materials

Conditions for subject completion

Full-time form (validity from: 2021/2022 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 45 (45) 25
                Semestrální projekt Semestral project 45  25
        Examination Examination 55 (55) 26 3
                Písemná zkouška Written examination 30  14
                Ústní zkouška Oral examination 25  12
Mandatory attendence participation: at least 50%

Show history

Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2022/2023 (N0724A290011) Mineral Economics NS P Czech Ostrava 2 Compulsory study plan
2022/2023 (N0724A290011) Mineral Economics NS K Czech Most 2 Compulsory study plan
2022/2023 (N0724A290011) Mineral Economics NS K Czech Ostrava 2 Compulsory study plan
2021/2022 (N0724A290011) Mineral Economics NS P Czech Ostrava 2 Compulsory study plan
2021/2022 (N0724A290011) Mineral Economics NS K Czech Most 2 Compulsory study plan
2021/2022 (N0724A290011) Mineral Economics NS K Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner