İnternational markets and hedging instruments for agricultural commodities(EC 531)
| Course Code | Course Name | Semester | Theory | Practice | Lab | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| EC 531 | İnternational markets and hedging instruments for agricultural commodities | 2 | 3 | 0 | 0 | 3 | 6 |
| Prerequisites | |
| Admission Requirements |
| Language of Instruction | Turkish |
| Course Type | Elective |
| Course Level | Masters Degree |
| Course Instructor(s) | Sevgi GENCAY İNECİ sineci@gsu.edu.tr (Email) |
| Assistant | |
| Objective | This course introduces risk transfer tools that are used to minimize product and income losses driven by exchange rate and price fluctuations encountered in international agricultural commodity markets. The course also covers hedging methods in select group of commodities that are most traded within the functioning of international markets. |
| Content | Agricultural commodities hedging instruments |
| Course Learning Outcomes |
1. Understanding reasons behind agricultural product price fluctuations. 2. Gain knowledge about risk perception and management techniques in parallel with price fluctuations. 3. Knowing the functioning mechanisms of International Agricultural Commodity Markets and Exchanges and to follow them. 4. Learning hedging methods in general. 5. Knowing the applications of derivative products as risk transfer tools, which are the most traded agricultural commodities. 6. Learning hedging transaction practices as a risk transfer tool, which are the most traded agricultural commodities. |
| Teaching and Learning Methods | Theoretical |
| References |
MacDonald J et all. (2004). Commodities, Markets and Prices, Organising the Production and Use of Agricultural Commodities, USDA. Economic Research Center, Agricultural Economic Report 837. Fabozzi Frank J., (2008) Handbook of Commodity Investing, New York, Wiley. |
Theory Topics
| Week | Weekly Contents |
|---|---|
| 1 | Causes of agricultural product price fluctuations and their effects on markets |
| 2 | Most traded agricultural products: share of agricultural commodities in world trade |
| 3 | Minimizing agricultural production and income losses |
| 4 | Exchange rate risk and management |
| 5 | Management of damage and disaster risks |
| 6 | International agricultural commodity markets and transaction volumes |
| 7 | Transaction flow in International agricultural commodity exchanges |
| 8 | Futures contract transactions in agricultural risk transfer |
| 9 | Option transactions in agricultural risk transfer |
| 10 | Hedging operations in general |
| 11 | Hedging applications in selected agricultural products |
| 12 | VIOP- Futures and Options market transactions |
| 13 | Student presentations |
| 14 | Student presentations |
Practice Topics
| Week | Weekly Contents |
|---|
Contribution to Overall Grade
| Number | Contribution | |
|---|---|---|
| Contribution of in-term studies to overall grade | 3 | 50 |
| Contribution of final exam to overall grade | 1 | 50 |
| Toplam | 4 | 100 |
In-Term Studies
| Number | Contribution | |
|---|---|---|
| Assignments | 1 | 10 |
| Presentation | 1 | 10 |
| Midterm Examinations (including preparation) | 1 | 30 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Toplam | 3 | 50 |
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Assignments | 1 | 8 | 8 |
| Presentation | 1 | 3 | 3 |
| Midterm Examinations (including preparation) | 1 | 8 | 8 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 12 | 3 | 36 |
| Final Examinations (including preparation) | 1 | 8 | 8 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 1 | 3 | 3 |
| Other | 0 | 0 | 0 |
| Total Workload | 150 | ||
| Total Workload / 25 | 6,00 | ||
| Credits ECTS | 6 | ||