Derivatives
Forwards, futures, options, pricing relationships and non-standard contracts.
Teaching
Finance, valuation and risk
Teaching material in derivatives, financial analysis, valuation and resource economics, including the complete MOA210 lecture-note series.
Teaching areas
From financial foundations to industry application
Courses connect analytical methods with decisions in energy, seafood and other commodity industries.
Risk management
Hedging decisions, commodity-price exposure and practical approaches to financial risk.
Valuation
Cash flow, company and project valuation, with attention to uncertainty and flexibility.
Resource economics
Markets, taxation, investment and regulation in aquaculture and energy.
MOA210
Derivatives
Seven sets of lecture notes form a continuous course sequence, from forwards and futures through option pricing, risk management and real options.
Introduction to forwards and futures
Core contract structures, terminology and market use.
Pricing of forwards and futures
Cost-of-carry relationships and pricing principles.
Option pricing
Option payoffs, valuation logic and pricing models.
Advanced topics in option pricing
Extensions to the core option-pricing framework.
Non-standard options pricing
Pricing and use of options beyond standard contracts.
Risk management
Managing financial and commodity-market exposure.
Real options in the energy industry
Valuing managerial flexibility in uncertain investment projects.
Earlier material
Versions and presentations
Additional material remains available alongside the main course sequence.
Introduction to forwards and futures
Earlier version of Topic 1 in the MOA210 derivatives series.
Suksesskriterier for kontraktsmarked
Presentation prepared for a Nofima project funded by FHF.