The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events Specialist
Grow your understanding of quantitative analysis for commodity markets
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TBD
7 weeks, online
4–6 hours per week
Our participants tell us that taking this program together with their colleagues helps to share common language and accelerate impact.
We hope you find the same. Special pricing is available for groups.
The benefit of learning together with your friend is that you keep each other accountable and have meaningful discussions about what you're learning.
Courtlyn
Promotion and Events SpecialistBased on the information you provided, your team is eligible for a special discount, for Introduction to Commodity Markets starting on TBD .
We’ve sent you an email with enrollment next steps. If you’re ready to enroll now, click the button below.
Have questions? Email us at group-enrollments@emeritus.org.Global energy as a service market is growing, but energy derivatives are unique even among other commodities. For example, energy prices are significantly more volatile than benchmarks in other markets, equities, rates, and currencies. Furthermore, supply and demand can fluctuate rapidly on a daily or even an hourly basis for a variety of reasons.
Due to these and other complex characteristics, energy markets and derivatives require special attention and special risk management tools. The Introduction to Commodity Markets program is designed to introduce financial professionals to the intricacies of energy markets, starting at the macro level with main markets and structures and progressing to topics including basic commodity structures and instruments, statistical analysis, commodity forwards, swaptions, and spread options.
As a participant, you will gain practical experience in building pricing and hedging models specifically for energy derivatives and complete a final project using data analysis to solve a real commodity market problem.
Prerequisites: Prior knowledge of Python programming will make it easier to work with the data sets in this program, however it is not a requirement, and the tasks can also be completed with Microsoft Excel. Participants will also need to have an understanding of quantitative analysis and stochastic calculus.
Global energy as a service market is on the rise and expected to hit $86.9 billion by 2024, growing from an estimated $52 billion in 2019 at a CAGR of 10.8%.
Energy prices tracked by the Goldman Sachs Commodity Index (GSCI), rose by 59% between the first and closing trading days of 2021, higher than all other commodities.
"This course will be useful for someone who intends to work in the commodities field and will be working on pricing and risk management of energy derivatives."
—Roza Galeeva, Adjunct Professor, NYU Tandon Finance and Risk Engineering
This program was designed to provide an introduction to commodities markets—specifically to energy markets and their complexities—for finance professionals who may or may not have previously worked with energy derivatives or commodities but have a keen interest in them.
It is ideal for early- to mid-level finance or investment professionals looking to:
Professionals looking to build a deeper technical understanding of the commodity markets and how to conduct their own analyses may also find the program beneficial.
Throughout this seven-week program, you will get an introduction to energy derivatives and what sets them apart from other commodities as well as the tools needed to price them and assess their volatility.
Explore the world of commodities through the lens of energy markets. You’ll learn what sets them apart and the various economic factors and volatility involved in trading them.
Review the history, key concepts, main commodity markets, and energy consumption metrics.
Examine basic commodity structures and instruments in order to classify energy derivative products.
Explore the role of data in commodities modeling and review how to apply statistical tools.
Understand the volatility structure in commodity forwards and then calculate correlations for them.
Analyze swaptions that deal specifically with correlations in commodities.
Evaluate spread options that deal specifically with futures and calculate these options.
Review the history, key concepts, main commodity markets, and energy consumption metrics.
Understand the volatility structure in commodity forwards and then calculate correlations for them.
Examine basic commodity structures and instruments in order to classify energy derivative products.
Analyze swaptions that deal specifically with correlations in commodities.
Explore the role of data in commodities modeling and review how to apply statistical tools.
Evaluate spread options that deal specifically with futures and calculate these options.
NOTE: We are not financial advisors. Any information provided is not intended and should not be relied on for investment or financial advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction.
Download BrochurePractical Application (Project)
Use data analysis to solve a real commodity market problem in this final project.
Here’s a summary of what the final project entails:
More instructions and details will be provided throughout the program.
NOTE: We are not financial advisors. Any information provided is not intended and should not be relied on for investment or financial advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction.
Dr. Roza Galeeva
Adjunct Professor, NYU Tandon, Finance and Risk Engineering
Dr. Roza Galeeva is an adjunct professor at New York University, Department of Finance and Risk Engineering. She has extensive experience with over 18 years in commodity derivatives—modeling, pricing, and risk management.
She has been employed at senior levels as a quant at various major US energy organizations, and most recently, spent 13 years at Morgan Stanley. While there, she was given her own Greek name, "Rhoza," because rho, the 17th letter of the Greek alphabet, is the mathematical symbol for correlation—a major focus of her career. She is currently working on a paper or book with one of her students on Samuelson, which is a key element of this program.
Prior to working in the industry, Dr. Galeeva taught courses in mathematics in five languages in various countries. She has a Ph.D. from Moscow State University in mathematical physics. She made her comeback to academia in 2017 at NYU, teaching various graduate courses in financial engineering and working with NYU students on research projects about commodity derivatives.
Upon successful completion of the program, participants will be awarded a verified digital certificate by NYU Tandon.
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After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.
Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.
Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.
More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.
Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.
Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.
We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:
The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.
More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.
All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.
A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.
Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.
Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.
This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.
Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
The digital certificate will be sent approximately two weeks after the program, once grading is complete.
No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.
No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.
You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.
Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.
Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.
Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.
Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.
The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.
Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.
Yes! Please email us with the details of the program you are interested in, and we will assist you.
Please email us your invoicing requirements and the specific program you’re interested in enrolling in.
Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.
Please connect with us via email for assistance.
You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrollment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.
After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrollment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrollment remains. All deferral requests should be sent to admissions@emeritus.org.
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Flexible payment options allow you to pay the program fee in installments. Click here to see payment schedule.