GRADUATE SCHOOL
Financial Economics (With Thesis)
ECON 530 | Course Introduction and Application Information
Course Name |
Energy Economics and Finance
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
ECON 530
|
Fall/Spring
|
3
|
0
|
3
|
7.5
|
Prerequisites |
None
|
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Course Language |
English
|
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Course Type |
Elective
|
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Course Level |
Second Cycle
|
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Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | - | |||||
Course Coordinator | - | |||||
Course Lecturer(s) | - | |||||
Assistant(s) | - |
Course Objectives | The aim of this course is to cover basics in financing energy projects as well as teach the students the different instruments that are available for hedging risks in the energy sector. |
Learning Outcomes |
The students who succeeded in this course;
|
Course Description | This course examines economic theory, empirical perspectives, and political economy of energy supply and demand. It discusses aspects of local, national, and global markets for oil, natural gas, coal, electricity, nuclear power, and renewable energy; and examines public policies affecting energy markets including taxation, price regulation and deregulation, energy efficiency, and control of emissions. The course will also cover energy derivatives and the link between energy and financial markets. |
|
Core Courses | |
Major Area Courses |
X
|
|
Supportive Courses | ||
Media and Management Skills Courses | ||
Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
Week | Subjects | Related Preparation |
1 | Introduction | |
2 | Financial forwards | Related chapter from Options, Futures and Other Derivatives |
3 | Financial futures | Related chapter from Options, Futures and Other Derivatives |
4 | Financial futures | Related chapter from Options, Futures and Other Derivatives |
5 | Commodity forwards/futures | Related chapter from Options, Futures and Other Derivatives |
6 | Hedging with forwards/futures | Related chapter from Options, Futures and Other Derivatives |
7 | Hedging with forwards/futures | Related chapter from Options, Futures and Other Derivatives |
8 | Swaps | Related chapter from Options, Futures and Other Derivatives |
9 | Swaps | Related chapter from Options, Futures and Other Derivatives |
10 | Midterm | |
11 | Financing Energy Development | Related chapter from Options, Futures and Other Derivatives |
12 | American Options | Related chapter from Options, Futures and Other Derivatives |
13 | European Options | Related chapter from Options, Futures and Other Derivatives |
14 | Greeks | Related chapter from Options, Futures and Other Derivatives |
15 | Review of the Semester | |
16 | Review of the Semester |
Course Notes/Textbooks | Options, Futures and Other Derivatives (6th edition), by John C Hull. |
Suggested Readings/Materials |
EVALUATION SYSTEM
Semester Activities | Number | Weigthing |
Participation |
16
|
10
|
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments |
2
|
20
|
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exams | ||
Midterm |
1
|
30
|
Final Exam |
1
|
40
|
Total |
Weighting of Semester Activities on the Final Grade |
60
|
|
Weighting of End-of-Semester Activities on the Final Grade |
40
|
|
Total |
ECTS / WORKLOAD TABLE
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
Study Hours Out of Class |
14
|
3
|
42
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
0
|
||
Portfolio |
0
|
||
Homework / Assignments |
2
|
25
|
50
|
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
1
|
35
|
35
|
Final Exam |
1
|
50
|
50
|
Total |
225
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
||
1 | To improve and deepen expertise in economics and finance. |
X | ||||
2 | To be able to comprehend the interaction between economics, finance and related fields. |
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3 | To be able to apply the advanced level knowledge acquired in economics and finance. |
|||||
4 | To be able to create new knowledge by combining the knowledge of finance and economics with the knowledge coming from other disciplines and be able to solve problems which requires expert knowledge by applying scientific methods. |
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5 | To be able to use computer programs needed in the fields of economics and finance as well as information and communication technologies in advanced levels. |
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6 | To be able to think analytically to identify problems in finance and economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems. |
X | ||||
7 | To be able to develop new strategic approaches for unexpected, complicated situations in finance and economics and take responsibility in solving it. |
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8 | To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to institute and observe these values. |
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9 | To be able to critically evaluate the knowledge in finance and economics, to lead learning and carry out advanced level research independently. |
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10 | To be able to use a foreign language for both following scientific progress and for written and oral communication. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest