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커리큘럼1
Fundamental Energy Markets and Trading Financial Engineering Practicum
- Financial Mathematics
- Financial Management
- Financial Accounting
- Investments
- International Finance
- Business Ethics
- Energy Market & Pricing
- Energy Chemical& Logistics
- Trading Project / Practice I
- Trading Project / Practice II
- Energy Strategy
- Market Microstructure
- FICC Market and Analysis
- Quantitative Methods in Finance
- Computational Methods in Finance
- Derivative Markets
- Quantitative Risk Management
- Financial Engineering
- Analytics Programming
- Empirical Methods in Finance
- Market Investigation
- Market Analysis
- Financial Modeling
- Capstone Project
- Internship

교과목설명

ECT511 Financial Mathematics
In this course students will review and study mathematical concepts and methods which are essentially used in the field of financial engineering. The topics of this course include single and multivariable calculus, linear algebra, differential equations and numerical computation methods, and applications to option pricing models such as Black-Scholes model.
ECT514 Computational Methods in Finance
This course emphasizes numerical implementation of the option pricing models. Major topics include finite-difference methods, trees and lattices and Monte Carlo simulations with extensions. In addition to the basic pricing models, the course covers portfolio optimization methods and statistical methods or calibration of the parameters.
ECT515 Investments
This course introduces the basic principles in investments such as diversification, no arbitrage principle for security valuation, equilibrium asset pricing models such as CAPM, and factor models. This course further investigates fundamental valuation for commodities, fixed income securities, and contingent claims.
ECT516 Derivative Markets
This course introduces the basic features of futures and options. The course elaborates several approaches of pricing derivative securities such as binomial and trinomial option pricing, Black-Scholes formula, implied binomial trees. In addition, this course focuses on trading strategies of futures and options.
ECT517 Quantitative Risk Management
The course investigates core principles of risk management, particularly market and credit risk management using Value at Risk (VaR) and introduces other recent risk management tools.
ECT518 Financial Engineering
This course is for the student who is interested in modeling the derivatives. The general quantitative finance will be excluding mathematical proofs. All the theoretic explanation will be implemented with the Microsoft Excel for the practical uses the class.
ECT519 Financial Management
This course introduces two main financial decisions of firm managers: capital budgeting and capital structure. Then we learn how to raise funds to invest in positive NPV projects via equity and debt financing. We finally learn some approaches to improve the value of corporations by improving corporate governance and implementing restructuring or mergers and acquisitions.
ECT520 Financial Accounting
This course introduces basic accounting theories, concepts, and the structure of financial statements. The course also discusses about how to perform the analysis of financial information to evaluate the profitability, liquidity and financial stability of a company. In particular, a brief introduction of hedging transactions and related accounting rules will be provided in this course.
ECT521 Energy Markets & Pricing
This module provides the fundamental knowledge of international energy market and pricing methodologies. The aim of the module is to help students understand complexity of energy market formed by various micro and macro economic factors. In addition, this module will also allow students to understand how crude oil prices decided in different geographic markets such as Europe, US, and Asia.
ECT522 Energy Chemical & Logistics
This module will equip students with the tools necessary to think skillfully and maturely, but also independently on matters relating to the commercial oil and energy business. Students will also learn about the different types of energy chemical and how to handle those energies effectively.
ECT523 International Finance
This module analyzes various issues that arise in an international corporate environment. The course covers topics such as : international and locational arbitrage strategies ; exchange rate determination theories and forecasting; exchange risk management; international portfolio; and MNC's financial structure, cost of capital and sources of finance.
ECT524 Quantitative Methods in Finance
This course introduces probability theory and basic statistics, regression analysis and multivariate analysis. This course also introduces the concepts and tools of stochastic calculus required for effective pricing of complex financial derivatives in discrete and continuous time.
ECT525 Energy Strategy
This course introduces the strategic decision making related to the energy policy including production, distribution and consumption. The strategy can be applied to oil supply and demand as well as alternative energy sources. The lecture will be provided with theories and several cases.
ECT526 Market Microstructure
This course is designed to introduce the trading behavior. Students are going to understand various structures of trading and exchanges including prices, quotes, transactions and volume which is made by traders, brokers and investors. They can be applied to an algorithmic trading or DMA as well.
ECT527 FICC Market & Analysis
This course is designed to introduce FICC market including fixed income, currency and commodity. Students are going to understand the time value of money and the relation between price and yield. The derivatives products underlain by money or bond such as swaps or options will be introduced as well. Most of explanations will be applied to practical market situations.
ECT531 Special Topics in ECTFE
This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
ECT532 Special Topics in ECTFE
This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
ECT533 Special Topics in ECTFE
This course is designed to discuss contemporary topics in energy commodity market or financial engineering. Actual topics and cases will be selected by the instructor and may vary from term to term.
ECT551 Trading Project/Practice I
This module will prepare students for a career in the oil and gas industry. The course commences with an introduction to energy market pricing and industry practices within an energy trading environment. Students will learn how a trading company operates and will become familiar with the standard operating protocol of a trading company. Students will practice these skills in real world trading simulation.
ECT552 Trading Project/Practice II
This module builds on the knowledge acquired in module 1(ECT551 Trading Project/Practice I). The Trading Project/Practice 2 will be a more advance trading simulation project. The module will begin with the progress of a trade, from verbal agreement between two traders, through the subsequent preparation of a contract, operation of a contract with chartering, nomination of a tanker, invoicing and presentation of documents, and the settlement of claims.
ECT691 Market Investigation
In this course, students will investigate historical movement and current status on a selected financial market with their related news.
ECT692 Market Analysis
In this course, students will read reports on a selected financial market written by analysts working on several financial institutions and make their own reports.
ECT693 Financial Modeling
In this course, students will compose their own financial model with several financial instruments including financial derivatives. Their own model will be implemented by computer programming.
ECT694 Capstone Project
In this course, students will simulate their own selected role in the financial market. They can choose dealer, quants, analyst or sales as their role.
ECT561 Internship
Students will work for commodity trading desks (front, middle, and back offices) in the petroleum companies, banks, and trading firms. They will learn entry-level knowledge and practices to become traders, risk managers, and analysts.
MGT521 Business Ethics
The purpose of this course is to enable students to reason about the role of ethics in trading and contracting in the energy commodity trading and financial market. In the course, students will participate in a series of case study discussions, focusing on analyzing the issues in moral terms and then making decisions and developing a set of reasons why the decision can ethically justified. During the discussion, additionally, students will think about the impact of their financial transactions on stakeholders and societies.