Fundamentals of commodity spot and futures markets
Equilibrium relationships between spot prices and forward prices
Stochastic modelling of commodity price processes
Plain-vanilla option pricing and hedging
Risk-neutral valuation of plain-vanilla options
Monte-Carlo simulations and analytical formulae for Asian, barrier, and quanto options
Agricultural commodity markets
The structure of metal markets and metal prices
The oil market as a world market
The gas market as the energy market of the next decades
Spot and forward electricity markets
Commodity swaptions, swing, and take-or-pay contracts and real options
Coal, emissions, and weather
Commodities as a new asset class.
