ECON 4370: Commodity Marketing and Risk Management: Analysis and Strategy
(Dual-listed with ECON 5370).
Credits: 3. Contact Hours: Lecture 3.
Prereq: ECON 2350, ECON 3010, and (ECON 2710 or STAT 3226)
Analysis of the purpose and performance of commodity markets and the functioning of commodity marketing institutions. Examination of merchandising arrangements and distinguishing features of agricultural commodities. Evaluation of hedging, arbitrage, and speculative activities in spot, forward, futures, and options markets. Analysis of commodity transformation over space and time and application of valuation theory to commodity derivatives, including comparisons with derivatives on financial assets. Assessment of market efficiency, information flows, and regulatory frameworks.