Accessibility statement

Commodity Markets - ECO00017I

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Asif Ahmad
  • Credit value: 10 credits
  • Credit level: I
  • Academic year of delivery: 2020-21

Module will run

Occurrence Teaching cycle
A Spring Term 2020-21

Module aims

  • To consider some of the principal problems and controversies that are peculiar to trade in primary commodities. Theoretical, institutional and empirical works are all considered. Towards the end of the course some of the special features of futures markets in financial assets are considered
  • To outline the economic structure of physical commodity markets
  • To analyse these using micro market models
  • To outline the modelling of forward and futures markets
  • To review some empirical applications
  • The course is not directly vocationally oriented and will not directly help you make your first million. If you want a very practical course, don't choose this one

Module learning outcomes

On completing the module a student will be able to:

  • Have an understanding of how to analyse simple market models theoretically in both static and dynamic forms
  • Model the financial market superstructure and an appreciation of the empirical methods and results in the area


Task Length % of module mark Group
Online Exam
Commodity Markets
N/A 100 Default
N/A 100 A

Special assessment rules



Task Length % of module mark Group
Online Exam
Commodity Markets
N/A 100 Default
N/A 100 A

Module feedback

Feedback will be made available according to University guidelines.

Indicative reading

Labys, W. (1975), Quantitative Models of Commodity Markets, Ballinger Publishing Company.                                                                                                    Phlips, L. (1990), Commodity, Futures and Financial Markets, Springer.

The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.

Coronavirus (COVID-19): changes to courses

The 2020/21 academic year will start in September. We aim to deliver as much face-to-face teaching as we can, supported by high quality online alternatives where we must.

Find details of the measures we're planning to protect our community.

Course changes for new students