GRADUATE SCHOOL
Sustainable Energy (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
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Required
|
|||||
| Course Level |
Second Cycle
|
|||||
| 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 |
X
|
|
| 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 comprehend the critical role and influences of energy resources, energy supply and energy demand for policy-makers, collectives and society. |
X | ||||
| 2 | To be able to evaluate the problems and circumstances about energy studies by using theoretical and practical knowledge in fundamental disciplines of energy studies such as geopolitics, market dynamics, technologies, risk management, environmental issues, legal issues, transportation, and strategies. |
X | ||||
| 3 | To be able to analyse multi-dimensional problems through working with others and to demonstrate leadership in addressing complex issues in the field of energy studies. |
X | ||||
| 4 | To be able to develop an understanding of the key energy policy issues relating to structures, markets, institutions, regulations, climate change and environment in a critical perspective. |
X | ||||
| 5 | To be able to acquire an informed opinion on contemporary methods, strategies and policies implemented in the international energy arena, and the ability to engage with policy-makers, business representatives, and regulators among others. |
|||||
| 6 | Be able to analyse, formulate, and handle energy related questions from a social science and humanities perspective, with an overview the theories, scenarios and concepts by using scientific research methods. |
|||||
| 7 | To critically evaluate data and systematically examine issues relating to the international energy arena, utilizing knowledge on recent developments in the scope of energy studies. |
X | ||||
| 8 | To be able to have ethical, social and scientific values in the stages throughout the processes of gathering, interpreting, disseminating and implementing data relevant to Energy. |
|||||
| 9 | To be able to prepare an original thesis/term project, utilizing appropriate methodologies of broad social sciences and humanities related disciplines applied to the questions and/or issues. |
X | ||||
| 10 | To be able to follow new research and developments, publish scientific articles and participate the debates in academic meetings in the field of Energy through a foreign language. |
X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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