Econ 537. Commodity Markets: Analysis and Strategy

• Credits: 3.
• Prerequisites: 501 or 532 or 601, Econ 571 or Stat 326.

Analysis of exchange-traded and over-the-counter commodity markets, their functions and performance. Evaluation of hedging, speculation, and arbitrage strategies. Commodity transformation over space and time. Valuation of derivatives and comparison with derivatives on financial assets. Efficiency and the role of information in commodity markets. Market regulation.