Study Guide@lith

Linköping Institute of Technology

Valid for year : 2017
TMES51 International Energy Markets, 6 ECTS credits.
/Internationella energimarknader/

For:   EM   IND   M   SUS  


Prel. scheduled hours: 20
Rec. self-study hours: 140

  Area of Education: Technology

Main field of studies: Energy and Environmental Engineering

  Advancement level (G1, G2, A): A

The aim is to give the student profound knowledge of how energy is traded. Large scale trading on the world market is in focus here. Hence, the procedures for how energy in the forms of oil, coal and natural gas changes owners are described in detail. Normally, commodities of these kinds are bought and sold on the world market at places called an exchange. There are many exchanges around the world and at such spots contracts in the form of options, futures and forwards are dealt with. Green certificates, carbon dioxide allowances and other financial instruments are also sold and traded at some exchanges. When passed the exam the students will:
  • understand financial instruments for energy trading on an in depth level.
  • understand how different energy sources are utilized on a large scale level.
  • know how oil, coal, natural gas and other fossil fuels, in the form of commodities, are dealt with, as well as electricity is traded.
  • understand the trade with green certificates et c.
  • be able to ?odummy" trade with real contracts

Prerequisites: (valid for students admitted to programmes within which the course is offered)
Bachelor of science in mechanical engineering or corresponding. Courses in Energy Systems

Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshhold requirements for progression within the programme, or corresponding.

Some parts of this course is dealt with by use of the Internet, such as the dummy trade programs. Normal lectures are therefore less frequent than in corresponding courses.

Course contents:
The course includes lectures on how to trade oil, coal, natural gas and other energy commodities. The corresponding financial instruments such as forwards, futures are dealt with in depth but also options are included. Electricity trade at Nasdaq OMX Commodities and other such market places is studied as well as the trade with green certificates and carbon dioxide allowances. White certificates are also discussed albeit they are not in common use yet. The course also includes details on how to find new resources for energy such as seismic surveying for oil and gas fields, the transportation systems and the environmental hazards when producing fossil fuels, uranium and electricity.

Course literature:
Literature is provided in the form of a reports and tutorials found on the different exchanges around the world. Real computer programs for trading commodities are used as long as they are provided free on the Internet.

Written examination

Course language is English.
Department offering the course: IEI.
Director of Studies: Shahnaz Amiri
Examiner: Bahram Moshfegh

Course Syllabus in Swedish

Linköping Institute of Technology


Contact: TFK ,
Last updated: 03/14/2017