General Information

Instructor:	Dr. Walt Prevatt	Office: 208B Comer Hall	Email: prevajw@auburn.edu
Classroom:	307 Comer Hall	Office Phone: 334/844-5608	Office Fax: 334/844-5639
Class Time:	Monday and Wednesday, 12:30 p.m. - 1:20 p.m.
Office Hours:	Students can meet with the instructor any time he is in his office. However, in order to ensure adequate time for questions, students may want to call in advance to make an appointment.
Required Text:	COMMODITY TRADING MANUAL. 1998. Market Development Department of the Chicago Board of Trade. Board of Trade of the City of Chicago. Chicago, IL. 410 pages. ISBN 1-888998-14-8.
Other Reading:	Additional required reading material will be assigned, distributed in class, or placed on reserve in the Reading Room on the second floor of Comer Hall (Room 205).

Objectives

Class Attendance

Students are expected to attend all classes. Class participation and discussion are necessary to understand the futures and options marketing concepts. Students who are absent from class are responsible for all assignments and all materials discussed in class.

In general, the instructor will inform the class in advance if he will not attend particular scheduled classes. In those instances, he will arrange for substitute instructors to teach the class, make particular assignments for the class, or make other arrangements regarding the use of class time. However, as indicated on page 16, Auburn University Bulletin, 2005-2006, if no advance arrangements are made and the instructor does not appear within 20 minutes after the designated class hour, it may be assumed the class is canceled.

Testing

Two tests will be given throughout the semester. Test dates will be announced at least one week in advance. The final examination will be comprehensive. There will be no exemptions from the final exam.

Students are expected to take tests and the final examination at the scheduled times. Make-up tests will be given only if the student has an excused absence. Make up tests will be different from the tests given at the scheduled times and must be taken within 5-days after the scheduled class test.

Quizzes will be given throughout the semester. Quiz dates will be unannounced. No make-up quizzes will be given. Students having an excused absence on the day a quiz is given will not receive a grade for that quiz. Students having an un-excused absence will receive a zero for the quiz. It is the student's responsibility to inform the instructor of any excused absence.

Homework exercises and/or short papers will be assigned throughout the semester. Homework will not be accepted late unless the student received permission from the instructor in advance. Homework will be collected and graded. In addition, students will be graded on class participation and presentations.

Grading

The final grade for AGEC 3080, Futures and Options Markets will be calculated as follows:

Quizzes, Homework, Presentations, and Class Discussion	20%
Two Tests	40%
Final Exam	40%

Grades will be assigned as follows:

90% - 100%	=	A
80% - 89.9%	=	B
70% - 79.9%	=	C
60% - 69.9%	=	D
Below 60%	=	F

Important Dates

• Last day to withdraw from class without record -- September 7th
• Last day to withdraw from class without a final grade -- October 7th
• Final Examination Week -- December 9th - 14th
• Final Examination for this class -- December 9th (Friday, 2:00 p.m. - 4:30 p.m.)

Academic Integrity

Academic integrity is expected to be practiced by all students. The Student Academic Honesty Code (see Tiger Cub handbook) specifies that all academic work submitted for grading contains an implicit pledge "that no unauthorized aid has been received nor given." The Auburn University regulations regarding academic dishonesty will be enforced in this class.

Students with Disabilities

Students with disabilities are encouraged to contact the office of the Program for Auburn Students with Disabilities, 1244 Haley Center (334/844-2096) to obtain an accommodation memo. We will work to accommodate special needs in a manner consistent with the recommendations of this office.

Topical Outline, Class Periods, Text Chapters

Topical Outline	Approx. No. of Class Periods	Text Chapters
I. Futures Markets: Introduction	3	12, 1-3
II. Operation of Futures Markets	3	4-6
III. Using Futures Markets	3	7, DTN
IV. Hedging With Futures	4	7, CME
V. Price Analysis	2	9
VI. Using Spreads in Futures Markets	2	10
VII. Options on Futures Contracts	3	11
VIII. Hedging and Option Strategies	3	CBOT/CME
IX. Speculation in the Futures Market	2	8, JWP
X. Financial Markets	1	13

The Auburn University Oath of Honor

"In Accordance with those virtues of Honesty and Truthfulness set forth in the Auburn Creed, I, as a student and fellow member of the Auburn Family, do hereby pledge that all work is my own, achieved through personal merit and without any unauthorized aid. In the promotion of integrity, and for the betterment of Auburn, I give honor to this, my oath and obligation."

________________________		__________
Signature		Date

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Print AGEC 3080 Fall Semester 2005 Class Syllabus