105.659 AKFVM Hedging in New Financial Markets
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2012W, VO, 2.0h, 3.0EC


  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VO Lecture

Aim of course

Upon completing this course students will
(1) Understand the purpose and challenges of modeling in new markets.
(2) Understand the range of products available and their purpose.
(3) Be able to select appropriate tools to handle derivative products arising in new markets.
(4) Begin to be able to navigate the extensive literature in this field.

Subject of course

In recent years a wide range of new derivatives have emerged to manage and transfer risk resulting from industries not classically active in financial markets. The course is an introduction to new markets inc: electricity, weather and carbon credits. The aim of this course is to provide an overview of the unique economic and mathematical challenges posed by new markets.


  • Sexton, Jennifer


Course dates

Thu15:00 - 17:0018.10.2012 - 24.01.2013Sem.R. DA grün 06A .
AKFVM Hedging in New Financial Markets - Single appointments
Thu18.10.201215:00 - 17:00Sem.R. DA grün 06A .
Thu25.10.201215:00 - 17:00Sem.R. DA grün 06A .
Thu08.11.201215:00 - 17:00Sem.R. DA grün 06A .
Thu22.11.201215:00 - 17:00Sem.R. DA grün 06A .
Thu29.11.201215:00 - 17:00Sem.R. DA grün 06A .
Thu10.01.201315:00 - 17:00Sem.R. DA grün 06A .
Thu17.01.201315:00 - 17:00Sem.R. DA grün 06A .
Thu24.01.201315:00 - 17:00Sem.R. DA grün 06A .

Course registration

Not necessary



  • Rheinländer, T. & Sexton J. (2011) Hedging Derivatives. World Scientific.
  • Benth, F.E., Benth, J.S. & Koekebakker, S. (2008) Stochastic modelling in electricity and related markets. World Scientific.