Course Description

  • HOME
  • Degree Programs > ECTFE > Course Description
ECT501 Introduction to Energy Industry & Market
This course introduces the basic and comprehensive concepts on the global Energy industry and market (mainly Oil and Gas) ,following the wide-range value chains of industry. This course covers the fundamentals of E & P(upstream), trading(spot,forward and futures), risk managemennt, transportation , refining , physical distribution required for the competent energy traders.
In addition to the lecture, on the spot study will be combined such as field trip to refinery or petrochemical or shipping companies.
This course will be focused on the overall and actual learning on the energy industry and trading sector.
 
 
ECT502 Principles of Finance
This course is designed to study principles of finance, which can be applied to the investment decision in various settings. We first learn the long-term investment decision in corporations or capital budgeting. Then, we learn theories and techniques of investment analysis for the selection and evaluation of investments, which are typically carried out in financial institutions. Topics include securities and markets, asset allocation, bond portfolio management, security analysis.
 
 
ECT503 International Economics
This course provides an overview of international macroeconomics. The first part of the course will introduce main concepts and theories about a country’s exchange rate, trade balance and national income/output determination. The second part will combine these theories to build an integrated analytical framework to analyze world (macro) economic issues. In the last part of the course, we will apply the developed framework to several episodes of global economic events in the history.
 
 
ECT511 Financial Mathematics
In this course students will review and study mathematical concepts and methods which are essentially used in the field of financial engineering. The topics of this course include single and multivariable calculus, linear algebra, differential equations and numerical computation methods, and applications to option pricing models such as Black-Scholes model.
 
 
ECT512 Statistical Modeling in Finance
This course introduces regression analysis and applications to investment models. Principal components and multivariate analysis. Likelihood inference and Bayesian methods. Financial time series. Estimation and modeling of volatilities. Statistical methods for portfolio management.
 
 
ECT513 Stochastic Calculus
This course introduces the concepts and tools of stochastic calculus as required for effective pricing of complex financial derivatives in continuous time. The course stresses the practical applications of stochastic differential equations, Ito integrals, and measure transformations as required in advanced financial engineering practice and for the understanding of asset pricing theory. The material discussed in this course is used extensively in the some of the more advanced classes.
 
 
ECT514 Computational Methods in Finance
This course emphasizes numerical implementation of the option pricing models. Major topics include finite-difference methods, trees and lattices and Monte Carlo simulations with extensions. In addition to the basic pricing models, the course covers portfolio optimization methods and statistical methods or calibration of the parameters.
 
 
ECT515 Investments
This course introduces the basic principles in investments such as diversification, no arbitrage principle for security valuation, equilibrium asset pricing models such as CAPM, and factor models. This course further investigates fundamental valuation for commodities, fixed income securities, and contingent claims.
 
 
ECT516 Derivative Markets
This course introduces the basic features of futures and options. The course elaborates several approaches of pricing derivative securities such as binomial and trinomial option pricing, Black-Scholes formula, implied binomial trees. In addition, this course focuses on trading strategies of futures and options.
 
 
ECT517 Quantitative Risk Management
The course investigates core principles of risk management, particularly market and credit risk management using Value at Risk (VaR) and introduces other recent risk management tools.
 
 
ECT518 Financial Engineering
This course is for the student who is interested in modeling the derivatives. The general quantitative finance will be excluding mathematical proofs. All the theoretic explanation will be implemented with the Microsoft Excel for the practical uses the class.
 
 
ECT519 Financial Management
This course introduces two main financial decisions of firm managers: capital budgeting and capital structure. Then we learn how to raise funds to invest in a positive NPV projects via equity and debt financing. We finally learn some approaches to improve the value of corporations by improving corporate governance and implementing restructuring or mergers and acquisitions.
 
 
ECT520 Financial Accounting
Financial Accounting examines basic concepts of accounting and provides a basic framework to understand the financial statement in users' point of view. This course also provides overview of basic financial statements such as balance sheets, income statement and cash flow statement for financial and accounting decision making.
 
 
ECT523 International Finance
This module analyzes various issues that arise in an international corporate environment. The course covers topics such as : international and locational arbitrage strategies ; exchange rate determination theories and forecasting; exchange risk management; international portfolio; and MNC's financial structure, cost of capital and sources of finance.
 
 
ECT524 Quantitative Methods in Finance
This course introduces probability theory and basic statistics, regression analysis and multivariate analysis. This course also introduces the concepts and tools of stochastic calculus required for effective pricing of complex financial derivatives in discrete and continuous time.
 
 
ECT525 Energy Strategy
This course introduces the strategic decision making related to the energy policy including production, distribution and consumption. The strategy can be applied to oil supply and demand as well as alternative energy sources. The lecture will be provided with theories and several cases.
 
 
ECT526 Market Microstructure
This course is designed to introduce the trading behavior. Students are going to understand various structures of trading and exchanges including prices, quotes, transactions and volume which is made by traders, brokers and investors. They can be applied to an algorithmic trading or DMA as well.
 
 
ECT527 FICC Market and Analysis
This course is designed to introduce FICC market including fixed income, currency and commodity. Students are going to understand the time value of money and the relation between price and yield. The derivatives products underlain by money or bond such as swaps or options will be introduced as well. Most of explanations will be applied to practical market situations.
 
 
ECT528 Trading Strategy
Statistical programming such as SAS, R project, and Python is widely used in trading strategies in financial industry as well as in financial academic research. This course introduces basics of the statistical programming along with database management skills, and then provides applications of these tools to many financial economics problems such as trading strategies, optimal portfolio choice, risk managements and etc.
 
 
ECT529 Advanced Energy Trading
This course provides not only the basic concepts but also the advanced skills on the energy trading and risk management normally used in the energy trading world. This course initially covers the fundamentals of upstream & downstream in connection with actual oil and gas trading, exploring the whole value chain of energy industry. Futhermore, market analysis(spot, forward, futures, OTC, Exchanges and crude/products markets etc), defining the risks exposed by market player & risk management strategies and diversified trading skills based upon a wide variety of scenarios will be furnished to cultivate the competent energy traders. In addition to the lecture, both documentation practice related to energy trading and on the spot learning (field trip to the refinery or depot or shipping/trading companies) will be combined.
 
ECT531 Special Topics in ECTFE I

This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
 

ECT532 Special Topics in ECTFE II

This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
 

ECT533 Special Topics in ECTFE III

This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
 

ECT551 Energy Market Fundamental I

This module provides the fundamental knowledge of international energy market and pricing methodologies. The aim of the module is to help students understand complexity of energy market formed by various micro and macro economic factors. In addition, this module will also allow students to understand how crude oil prices decided in different geographic markets such as Europe, US, and Asia.
 

ECT552 Energy Market Fundamental II

This module provides the fundamental knowledge of international energy market and pricing methodologies. The aim of the module is to help students understand complexity of energy market formed by various micro and macro economic factors. In addition, this module will also allow students to understand how crude oil prices decided in different geographic markets such as Europe, US, and Asia.
 

ECT553 Energy Market Fundamental III

This module provides the fundamental knowledge of international energy market and pricing methodologies. The aim of the module is to help students understand complexity of energy market formed by various micro and macro economic factors. In addition, this module will also allow students to understand how crude oil prices decided in different geographic markets such as Europe, US, and Asia.
 

ECT554 Energy Market Fundamental IV

This module provides the fundamental knowledge of international energy market and pricing methodologies. The aim of the module is to help students understand complexity of energy market formed by various micro and macro economic factors. In addition, this module will also allow students to understand how crude oil prices decided in different geographic markets such as Europe, US, and Asia.
 

ECT555 Energy Trading Fundamental I

This module will provides the fundamental knowledge of international energy trading. The aim of the module is to help students understand volatility, counterparty exposures, credit requirements, government regulations, unexpected events and geopolitics keep traders in a perpetual state of high alert. This module includes understanding the risk management in oil & gas trading, OTC markets & exchanges and paper instruments in oil trading.
 

ECT556 Energy Trading Fundamental II

This module will provides the fundamental knowledge of international energy trading. The aim of the module is to help students understand volatility, counterparty exposures, credit requirements, government regulations, unexpected events and geopolitics keep traders in a perpetual state of high alert. This module includes understanding the risk management in oil & gas trading, OTC markets & exchanges and paper instruments in oil trading.
 

ECT557 Trading Project/Practice I

This module will prepare students for a career in the oil and gas industry. The course commences with an introduction to energy market pricing and industry practices within an energy trading environment. Students will learn how a trading company operates and will become familiar with the standard operating protocol of a trading company. Students will practice these skills in real world trading simulation. The module includes the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of a contract, operation of a contract with chartering, nomination of a tanker, invoicing and presentation of documents, and the settlement of claims.
 

ECT558 Trading Project/Practice II

This module will prepare students for a career in the oil and gas industry. The course commences with an introduction to energy market pricing and industry practices within an energy trading environment. Students will learn how a trading company operates and will become familiar with the standard operating protocol of a trading company. Students will practice these skills in real world trading simulation. The module includes the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of a contract, operation of a contract with chartering, nomination of a tanker, invoicing and presentation of documents, and the settlement of claims.
 

ECT559 Trading Project/Practice III

This module will prepare students for a career in the oil and gas industry. The course commences with an introduction to energy market pricing and industry practices within an energy trading environment. Students will learn how a trading company operates and will become familiar with the standard operating protocol of a trading company. Students will practice these skills in real world trading simulation. The module includes the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of a contract, operation of a contract with chartering, nomination of a tanker, invoicing and presentation of documents, and the settlement of claims.
 

ECT560 Trading Project/Practice IV

This module will prepare students for a career in the oil and gas industry. The course commences with an introduction to energy market pricing and industry practices within an energy trading environment. Students will learn how a trading company operates and will become familiar with the standard operating protocol of a trading company. Students will practice these skills in real world trading simulation. The module includes the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of a contract, operation of a contract with chartering, nomination of a tanker, invoicing and presentation of documents, and the settlement of claims.
 

ECT691 Market Investigation

In this course, students will investigate historical movement and current status on a selected financial market with their related news.
 

ECT692 Market Analysis

In this course, students will read reports on a selected financial market written by analysts working on several financial institutions and make their own reports.
 

ECT693 Financial Engineering Project

In this course, students will take a project which is related to the financial engineering area. They can compose their own financial model or analysis markets empirically.
 

ECT694 Capstone Project

In this course, students will simulate their own selected role in the financial market. They can choose dealer, quants, analyst or sales as their role.
 

ECT695 Energy Project

In this course, students will take a project which is related to the energy market. They can develop their ideas on energy market and participate into real projects funded by public or private institution.
 

ECT561 Internship

Students will work for commodity trading desks (front, middle, and back offices) in the petroleum companies, banks, and trading firms. They will learn entry-level knowledge and practices to become traders, risk managers, and analysts.
 

MGT521 Business Ethics

The purpose of this course is to enable students to reason about the role of ethics in trading and contracting in the energy commodity trading and financial market. In the course, students will participate in a series of case study discussions, focusing on analyzing the issues in moral terms and then making decisions and developing a set of reasons why the decision can ethically justified. During the discussion, additionally, students will think about the impact of their financial transactions on stakeholders and societies.