PGP Handbook - Institute of Public Enterprise
PGP Handbook - Institute of Public Enterprise
PGP Handbook - Institute of Public Enterprise
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COMMODITY TRADING & PRICE RISK<br />
MANAGEMENT<br />
Code: 401IB Credits: 2<br />
Unit I : Global Commodity Trading - Global Commodity<br />
Agreement – Projecting <strong>of</strong> Commodities<br />
(Metals, Minerals and Agro) - Structure<br />
and Performance Issues – Emergent Trade<br />
Issues under WTO - Risk Management -<br />
Emerging Trends E-Commerce in Risk Management<br />
- Hedge & CT Funds - Historical<br />
Perspective <strong>of</strong> hedging - Evolution <strong>of</strong> futures<br />
market (Global and Indian) - Need for price<br />
risk management -Latest Developments in<br />
India in this direction. Pricing on Commodity<br />
Exchanges - Relationship between Physical<br />
and Futures markets – Forward, Futures and<br />
OTC Contacts - Forward Contracts, Futures<br />
Contracts - OTC Contracts - Exchange Floor<br />
Operations - Floor Trading.<br />
Unit II : Price discovery - Market Information - Auction<br />
(Open Outcry) – Price Reporting Clearing<br />
House - Clearing House Operations - Formal<br />
Clearing concepts - Third Party Guarantee -<br />
Process flow - Cash and Futures dynamics.<br />
Basis/Premium & Inverted Markets - Carry<br />
Markets & Inverted Markets Speculators –<br />
Fundamental & Technical Analysis - Position<br />
& Day Traders – Spreads– Bull and Bear<br />
- Hedging Dynamics - Trading Plan - Know<br />
your contracts - Pr<strong>of</strong>it Objectives - Risk Capital<br />
Defined - Trading Plan Exercise – Hedging<br />
Plan – Hedging examples and exercises<br />
– Options - Derivatives Trading, Trading Illustrations<br />
- Options Exercise<br />
Suggested Readings<br />
1. Energy Price Risk: Trading and Price Risk Management<br />
- Hardcover (Feb. 22, 2003) by Tom<br />
James<br />
80 • <strong>Institute</strong> <strong>of</strong> <strong>Public</strong> <strong>Enterprise</strong> – <strong>PGP</strong> Student <strong>Handbook</strong><br />
2. Managing Commodity Price Risk in Developing<br />
Countries (World Bank) - Hardcover (Mar. 1, 1994)<br />
by Pr<strong>of</strong>essor Stijn Claessens and Pr<strong>of</strong>essor Ronald<br />
C. Duncan<br />
3. Sure Thing Commodity Trading: How Seasonal<br />
Factors Influence Commodity Prices - Hardcover<br />
(Apr. 1, 1987) by Larry Williams<br />
4. Risk management in commodity and financial<br />
markets - Rita L. D’Ecclesia<br />
5. Energy Markets: Price Risk Management and<br />
Trading - Tom James - 374 pages<br />
6. Commodity Trading Advisors: Risk Performance<br />
... - Greg N Gregoriou, Vassilios Karavas, ... - 458<br />
pages<br />
7. Energy and Power Risk Management: New ... - Alexander<br />
Eydeland, Krzyszt<strong>of</strong> Wolyniec - 506 pages<br />
INNOVATION MANAGEMENT<br />
Code: 402IB Credits: 3<br />
Unit I : Introduction – Significance <strong>of</strong> Innovation<br />
Management, Innovation in an organizational<br />
context, individuals in the innovation process,<br />
Key concepts in innovation: design, innovation<br />
and invention, successful innovations, types<br />
<strong>of</strong> innovation, technology and innovation.<br />
Models <strong>of</strong> Innovation: serendipity, linear models,<br />
simultaneous coupling model, interactive<br />
model. Innovation as a management process,<br />
framework for the management <strong>of</strong> innovation.<br />
Market Orientation: Innovation and market vision,<br />
innovation new products and consumption<br />
patterns, innovation diffusion theories.<br />
Globalization: Globalization for innovation:<br />
Innovation for Energy Economics The Internet-a<br />
case in technology change strategic<br />
innovation process.<br />
Entrepreneurship and Innovation: Entrepreneurial<br />
Ventures and their prospects,