Schedule

45-722 - Commodities - Schedule - REVISED AS OF 17 MARCH 1999

Please Read the Papers Identified by the reference number before meeting. The reference refers to the Reading List If you are uncertain about what to read, please let me know
I apologize in advance, I must reschedule two of the classes due to travel.

			Topic / Paper	Ref
1	Tue	Mar 9	Equilibrium Models – Risk-Return One Period	[1]
2	Thurs	Mar 11	Multi-period Model	[2]
3	Tue	Mar 16	Empirical Properties Fama - French tests of Risk Premium	[8]
4	Thurs	Mar 18	Derivative Prices Brief introduction to Continuous time One, two factor models Schwartz (1997)	[13]
	Tue	Mar 23	– Spring BREAK –
	Thurs	Mar 25	– Spring BREAK –
5	Tue	Mar 30	Schwartz (1997) Two Factor Other factor Models - Smith and Schwartz (1998)	[22]
6	Thurs	Apr 1	Hedging and Metallgesellschaft Background on Metallgesellschaft	[24] [25] [27]
7	Tue	Apr 6	Hedging Long-Contracts with Short Ross (19xx)	[31]
	Thurs	Apr 8	– Rescheduled –
	Tue	Apr 13	– Rescheduled –
8	Thurs	Apr 15	Equilibrium Models – Storage
9	Tue	Apr 20	Deaton and Laroque - (1992)	[37]
10	Thurs	Apr 22	Routledge, Seppi and Spatt	[41]
11	Tue	Apr 27	Real Options Commodities and Production Litzenberger and Rabinowitz	[51]
12	Thurs	Apr 29	Hoover and Sterbernz	[48]
13		- TBA -	Kogan	[49]
14		- TBA -	Equilibrium and Myopia Lecture to be presented by Rafael Mendible	[50]
15		- TBA -	One Final Topic "Trading Places" John Landis (D), Dan Aykroyd, Eddie Murphy (Snacks and Beverages included)