COMMODITY MARKETS

Academic year
2016/2017 Syllabus of previous years
Official course title
COMMODITY MARKETS
Course code
EM2057 (AF:217270 AR:100770)
Modality
On campus classes
ECTS credits
6
Degree level
Master's Degree Programme (DM270)
Educational sector code
AGR/01
Period
1st Term
Course year
2
Where
VENEZIA
The course describes and analyses the commodity world markets aiming at identify their drivers in prices change. The commodity markets, after decades of indifference and neglect, due to their variations, have come to attract attention from researchers, public authorities, organizations and private operators. Commodity price variations (especially agricultural) have high impact not only on the prices of the food, but on the economic well-being of households and nations that depend on commodity productions or exports. Within these themes, particular attention will be given to the supply and the demand functions, to the analysis of the recent excessive volatility in commodity and food prices (namely determinants in the short run price instability and in the long run price trends), to the public policies of support, to international agreements (at regional and commodity levels), to the different markets of the production and of the distribution, also distinguishing between developed and developing countries.
The course includes discussion of some case studies (such as cotton, cereals, rice).
No one
1. The commodities: supply and demand, markets of the production. of the distribution and consumption;
2. Prices and markets policies: principles and effects;
3. The public policies: framework, scope and objectives; influence on the price (mainly the USA and the UE);
4. The WTO, regional and international commodities agreements;
5. Case studies


DOUGLAS SOUTHGATE, DOUGLAS H. GRAHAM AND LUTHER TWEET (2011)The WorLd Food Economy, John Wiley & sons, Inc.(pages 1-240)
The World Bank (October 2013) Commodity Markets Outlook
The World Bank (June 2013) Trade
MATERIALI DIDATTICI http://venus.unive.it/matdid.php?utente=zolin&base=%2FCommodity+Markets&cmd=dir
written
Standard
English
  • Course with sustainable contents
  • University credits of sustainability: 2
  • Lecture notes, material for reference or for self-assessment available online or as e-book