Commodity Economics - Basic


Content, progress and pedagogy of the module

The objective of the module is to provide the student with theoretical and practical knowledge and abilities within financial control, trade and management of commodities as well as physical and financial exposures within the commodity market and, additionally, to relate to the ethics within the area.

The student must develop abilities and skills to understand the market mechanisms in the commodity markets and handle the purchase and sale of commodities, theoretically and practically (simulated). The module is intended to provide the student with the strategic, financial and trading tools needed to handle both day-to-day management and risk management of commodities in practice.

As part of this, the student will also get acquainted with the digital tools used to e.g. trade on the energy market, monitor fluctuation in the prices etc. in order to understand the technologies used in the domain, but also to inspire how these could be further developed and challenged. 

Learning objectives


The objective is that the student after the module possesses the necessary knowledge on:

  • the extent to which markets are regulated politically and of trends in connection with the transformation of the global commodity markets.
  • the basic options for managing risk in the commodity market.
  • the economic and practical fundamentals that drive commodity economics on the market.


The objective is that the student after the module possesses the necessary skills in:

  • generating a theoretical and empirically informed decision basis on the background of the commodity complex.
  • identifying and describing (theoretically) a specific issue related to exposures (physical and/or financial) within commodity economics and explaining the basic financial risks (related to the company's actual exposure versus commodities.
  • analysing the problem area through theories and identify and describing the issue in the perspective of current commodity economic context as well as the opportunities for development of new solutions.


The objective is that the student after the module possesses the necessary competences in:

  • identifying and verifying an example of commodity exposure.
  • explaining an example of an exposure or a problem/an opportunity in the commodity market.

Type of instruction

For information see § 17.



Name of examCommodity Economics - Basic
Type of exam
Written or oral exam
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleRåvareøkonomi - Basis
Module codeKAØKS202230
Module typeCourse
Duration1 semester
Language of instructionEnglish
Location of the lectureCampus Aalborg
Responsible for the module


Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities