Academic year
2017/2018 Syllabus of previous years
Official course title
Course code
EM2057 (AF:239057 AR:128944)
On campus classes
ECTS credits
Degree level
Master's Degree Programme (DM270)
Educational sector code
1st Term
Course year
Go to Moodle page
The course aims to provide students with tools to describe and analyze commodity markets in the global economy.
The commodity market, after decades of indifference and neglect, have come to attract accentuated attention from many quarters.
Within these themes, particular attention will be given to the evaluation of the supply and the demand, 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 commdity levels), to the different markets of the production and of the distribution, also considering the evolution of the market globalisation.
The course includes discussion of some specific case studies (such as cotton, cereals, rice).
No one
1. The commodities: supply and demand, different forms of markets (production and distribution)
2. Prices and markets policies: principles and effects on the international market
3. International comparisons
4. The main stock exchanges and trading
5. The WTO, regional free trade areas and commodities agreements
6. Case study

Suggested readings
DOUGLAS SOUTHGATE, DOUGLAS H. GRAHAM AND LUTHER TWEET (2011)The WorLd Food Economy, John Wiley & sons, Inc.(pages 1-240)
The World Bank (April 2017) Commodity Markets Outlook available at

Additional selected papers and teaching materials will be provided during the course and will be available on the Moodle page
Written exam based on the program carried out during the course.
It focuses on theory questions and on the analysis of a case study, taken from a short article, in order to verify the degree of achievement of educational goals.
During the exam, students can not use books, notes, or electronic media
The course mainly focuses on a conventional teaching approach combined with e-learning activities
  • Course with sustainable contents
  • University credits of sustainability: 2
  • Lecture notes, material for reference or for self-assessment available online or as e-book
  • Use of virtual forum, blog or wiki
  • E-learning, moodle platforms
Last update of the programme: 19/07/2017