| Course Unit Code | 545-0190/01 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| FOJ28 | prof. Ing. Lenka Fojtíková, Ph.D. |
| KOZ99 | doc. Ing. Roman Kozel, Ph.D. |
| Summary |
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| The course focuses on the issue of trading in raw materials both in physical form and in the form of commodity derivatives. In the lectures, students gradually become acquainted with various business approaches and the international context of business is emphasized. As part of the exercise, students solve a semester project focusing on trading with a selected group of raw materials. |
| Learning Outcomes of the Course Unit |
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| Define the importance of trading in raw materials. Distinguish between different trading approaches. Analyze business models. Choose the right business strategy. To formulate the key instruments of international trade in raw materials. |
| Course Contents |
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1. Trade and business institutions
2. Commodity exchanges
3. Investing in commodities
4. Technical analysis of trading
5. Fundamental analysis of trading
6. Models of trade in raw materials
7. Electronic auctions in the purchase of raw materials
8. Instruments of raw materials policy
9. Trading in secondary raw materials
10. Domestic raw material base and prices of mineral raw materials
11. Trade in raw materials in the international context
12. Securing participants in international trade
13. Customs duties and taxes on trade in raw materials |
| Recommended or Required Reading |
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| Required Reading: |
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GARNER Carley. Higher Probability Commodity Trading: A Comprehensive Guide to Commodity Market Analysis, Strategy Development, and Risk Management Techniques Aimed at Favorably Shifting the Odds of Success. Decarley Trading, 2020. ISBN: 978-1948018975
SCHWAGER, Jack D. a Mark ETZKORN. A complete guide to the futures market: technical analysis, trading systems, fundamental analysis, options, spreads, and trading principles. 2nd ed. Hoboken, New Jersey: Wiley, 2017. ISBN 9781119209713.
CLARK, Iain J. Commodity option pricing: a practitioner's guide. Chichester: Wiley, 2014. ISBN 978-1-119- 94451-5.
COULSON, Michael. An Insider's Guide to the Mining Sector: An in-depth study of gold and mining shares. 2nd ed. Harriman House, 2008. ISBN: 978-1905641550. |
GARNER, Carley. Komodity: úvod do investování na nejrychleji rostoucím trhu. Přeložil Radomír ČÍŽEK. Brno: BizBooks, 2014. ISBN 978-80-265-0019-3.
JÍLEK, Josef. Finanční a komoditní deriváty v praxi. 2. upr. vyd. Praha: Grada Publishing, 2010. ISBN 978-80-247-3696-9.
VESELÁ, Jitka a Martin OLIVA. Technická analýza na akciových, měnových a komoditních trzích. Praha: Ekopress, 2015. ISBN 978-80-87865-22-4.
SCHWAGER, Jack D. a Mark ETZKORN. A complete guide to the futures market: technical analysis, trading systems, fundamental analysis, options, spreads, and trading principles. Second edition. Hoboken, New Jersey: Wiley, 2017. ISBN 9781119209713. |
| Recommended Reading: |
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SCHOFIELD, Neil C. Commodity Derivatives: Markets and Applications. 2nd ed. Wiley, 2021. ISBN 978-1119349105
TAMVAKIS, Michael N. Commodity trade and finance. 2nd ed. New York: Informa Law from Routledge. Grammenos library, 2015. ISBN 978-0-415-73245-1.
GEMAN, Hélyette. Commodities and commodity derivatives: modeling and pricing for agriculturals, metals and energy. Chichester: Wiley, 2005. ISBN 0-470-01218-8.
BROWN, T.J. et al. World Mineral Production 2015-19. Keyworth, Nottingham: British Geological Survey, 2021. ISBN 978-0-85272-790-4. |
SHIPMAN, Mark. Komodity: jak investovat a vydělat. Přeložil Lucie LIPOVSKÁ. Brno: Computer Press, 2007. ISBN 978-80-251-1866-5.
ROGERS, Jim. Žhavé komodity: jak může kdokoli investovat se ziskem na světových trzích. Přeložil Miroslav KOPLÍK. Praha: Grada Publishing, 2008. ISBN 978-80-247-2342-6.
TMEJ, Petr a Romana KŘÍŽOVÁ. Příručka úspěšného obchodování na komoditních trzích pro začínající investory. Praha: Ekopress, 2014. ISBN 978-80-87865-10-1.
GEMAN, Hélyette. Commodities and commodity derivatives: modeling and pricing for agriculturals, metals and energy. Chichester: Wiley, 2005. ISBN 0-470-01218-8. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | 45 (45) | 25 |
| Semestrální projekt | Semestral project | 45 | 25 |
| Examination | Examination | 55 (55) | 26 |
| Písemná zkouška | Written examination | 30 | 14 |
| Ústní zkouška | Oral examination | 25 | 12 |