Schedule of Classes

The reading references are deliberately brief. Please refer to the syllabus for the detailed reference.

Date	Topic	Reading	Length of Lecture
January 18	Introduction	“Keeping all options open”	1½ hrs
January 20	Case Study Commodity Derivatives --- Theory	Arundel Partners Schwartz Cox, Ingersoll and Ross	3 hrs
January 25	Case Study	Enron Gas Services	1½ hrs
January 27	Case Study Convenience Yield	Metallgesellschaft Deaton and Laroque Routledge et al	3 hrs
February 1	Convenience Yield cont’d Investment Under Uncertainty --- Basics Interest Rate Uncertainty	DP, Ch 1, 2 and 6 Berk and DeMarzo, Ch 21 Berk	3 hrs
February 3	Decision to Invest Entry and Exit	DP, Ch 6 DP Ch 7 Brennan and Schwartz	3 hrs
February 8	Case Study Competition	MW Petroleum DP Ch 8 Novy-Marx	3 hrs
February 15	Rules of Thumb Firm Valuation	McDonald Berk, Green and Naik DP Ch 10	3 hrs
February 17	Valuing Growth Application: Valuing Vaccines (Eduardo Schwartz Guest Lecture)	Berk, Green and Naik Hsu and Schwartz	3 hrs
February 22	The Gold Enigma (Severin Borenstein Guest Lecture)	Brennan Borenstein	1½ hrs
March 8	Case Study Case Study	U.S. Integrated Optics Bidding for Antimina	3 hrs
March 10	Final Project Presentations		3 hrs