GRADUATE SCHOOL
Master of Business Administration (MBA) (With Thesis)
SEN 509 | Course Introduction and Application Information
| Course Name |
Energy Trading and Risk Management
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
SEN 509
|
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 | This course focuses on real-world applications and concepts with regard to energy trading and risk management; the course serves as a motivation and stimulation for actual / ongoing academicians and professionals willing to enter and work in the energy markets for academic research or professional career purposes. For that reason, real-world cases, practical applications and problems in the field of energy trading and risk management will be covered in the class. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | Focusing on the fundamentals and structure of the global electricity market primarily, the course also investigates the dynamics of the price mechanism by using analysis and modelling tools. Besides the principles and successful show cases of portfolio and risk management among energy trade, electricity and carbon markets in details. In order to support the theoretical background, an online trading game will be conducted throughout the course as well. |
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Basics and Structure of Electricity Markets | Lecture Notes and Presentation |
| 2 | Quantitative Methods in Energy Trading | Lecture Notes and Presentation |
| 3 | Supply Demand Fundamentals and Price Formation (Crude oil, natural gas and electricity) | Related articles will be assigned |
| 4 | Understanding of Fundamental Energy Market Price Drivers | Related articles will be assigned |
| 5 | Energy Trading I: Trading Markets, Exchanges and Trading Products | Lecture notes and presentations |
| 6 | Energy Trading II: Online Trading Game Introduction | Lecture notes and presentations |
| 7 | MIDTERM EXAM | |
| 8 | Asset-Based vs. Speculative Trading | Lecture notes and presentations |
| 9 | Electricity Portfolio Management | Lecture notes and presentations |
| 10 | Basic Energy Risk “Hedging” using Derivatives | Lecture notes and presentations |
| 11 | Electricity Risk Management | Lecture Notes and Presentation |
| 12 | Paper Presentations I | |
| 13 | Paper Presentations II | |
| 14 | Investment Opportunities and Strategies in Electricity Markets | Related articles will be assigned |
| 15 | Advanced Financial Derivatives in Energy Markets/ | Lecture Notes and Presentation |
| 16 | Carbon Markets, Trading and Risk Management / Online Trading Game: Final Results & Discussion, Announcement of Winner |
| Course Notes/Textbooks | |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
1
|
10
|
| Laboratory / Application |
1
|
10
|
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury |
1
|
20
|
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
25
|
| Final Exam |
1
|
35
|
| Total |
| Weighting of Semester Activities on the Final Grade |
3
|
65
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
35
|
| 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 |
15
|
5
|
75
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
1
|
30
|
30
|
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
32
|
32
|
| Final Exam |
1
|
40
|
40
|
| Total |
225
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to demonstrate general business knowledge and skills. |
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| 2 | To able to master the state-of-the-art literature in the area of specialization. |
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| 3 | To be able to evaluate the performance of business organizations through a holistic approach. |
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| 4 | To be able to effectively communicate scientific ideas and research results to diverse audiences. |
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| 5 | To be able to deliver creative and innovative solutions to business-related problems. |
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| 6 | To be able to solve business related problems using analytical and technological tools and techniques. |
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| 7 | To be able to take a critical perspective in evaluating business knowledge. |
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| 8 |
To be able to exhibit an ethical and socially responsible behavior in conducting research and making business decisions. |
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| 9 | To be able to carry out a well-designed independent and empirical research. |
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| 10 | To be able to use a foreign language to follow information about the field of finance and participate in discussions in academic environments. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest