Module 1 Understanding Commodity Markets
Unit 1 Physical Commodity Markets
Unit 2 Need for an Organized Exchange

Module 2 Understanding Derivatives
Unit 1 Types of Derivatives
Unit 2 Pay-off for Derivative Positions
Unit 3 Commodity Derivatives vs. Financial Derivatives
Unit 4 Derivative Market Participants

Module 3 Commodity Exchanges
Unit 1 Global Exchanges
Unit 2 Indian Exchanges
Unit 3 Functions and Roles of an Exchange

Module 4 Pricing Of Futures
Unit 1 Pricing
Unit 2 Convergence of Spot and Futures Prices

Module 5 Basic Principles of Hedging, Speculation and Arbitrage
Unit 1 Hedging
Unit 2 Speculation
Unit 3 Arbitrage