ECC4750

Hedging and uncertainty ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: To be advised

Offered:
Not offered in 2006.

Synopsis: Theories of hedging and speculation; determination of spot and futures prices, and intertemporal allocation; market efficiency; expectations, including adaptive expectations and rational expectations

Assessment: Class paper (2500-words): 30% + Individual research project (4300 words): 70%

Contact Hours: Three contact hours per week

Prerequisites: ECC4650 or equivalent