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Programs : Brochure

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  • Locations: Brussels, Belgium; London, United Kingdom; Paris, France
  • Program Terms: Summer Short-Term
  • Restrictions: Illinois applicants only
  • Budget Sheets: Summer Short-Term
  • This program is currently not accepting applications.
Program Description:
ACES Wordmark updated FA 17


Europe: France, Belgium, & the United Kingdom

Summer Break Program
"International Perspectives on Commodity Risk Management"
 

OVERVIEW

The course aims to achieve, in the areas of agricultural finance and risk management, what the International Business Immersion Program (IBIP) does for international business management. 

Commodity trading takes place internationally. As a result, businesses are exposed to serious risks due to the volatility of commodity prices and of foreign exchange rates. These risks are particularly severe in the case of companies operating in places (like, but not limited to, Western Europe) where commonly-used U.S. financial instruments are imperfect risk-reduction tools for local companies. 

This new course's goal is to teach students about the measurement and management of those risks, using a substantial amount of experiential learning. By visiting and interacting with prominent commodity market participants and with derivatives markets regulators in Europe, and by attending a 3-day teaching and research seminar at the University of Paris-Dauphine (UPD) on hedging instruments and effectiveness, students will be prepared for careers in the global marketplace as experts who can help identify, quantify, and manage key risks thatThe course aims to achieve, in the areas of agricultural finance and risk management, what the International Business Immersion Program (IBIP) does for international business management. 

Commodity trading takes place internationally. As a result, businesses are exposed to serious risks due to the volatility of commodity prices and of foreign exchange rates. These risks are particularly severe in the case of companies operating in places (like, but not limited to, Western Europe) where commonly-used U.S. financial instruments are imperfect risk-reduction tools for local companies. 
This new course's goal is to teach students about the measurement and management of those risks, using a substantial amount of experiential learning. By visiting and interacting with prominent commodity market participants and with derivatives markets regulators in Europe, and by attending a 3-day teaching and research seminar at the University of Paris-Dauphine (UPD) on hedging instruments and effectiveness, students will be prepared for careers in the global marketplace as experts who can help identify, quantify, and manage key risks that international food and other companies face. international food and other companies face.

 

ELIGIBILITY

  • Must have taken, or be concurrently enrolled in, ACE 222
  • Must be willing to enroll in pre-departure course, 2nd 8 weeks of Spring 2019
  • Passport valid for 6 months after program dates and with at least two blank visa pages
  • Visa may be required.
 

ACADEMICS

This course is worth 3 credits in the spring semester, taught by Dr. Michel Robe .  Dr. Robe is The Clearing Corporation Foundation Professor in DerivativesTrading, housed in UIUC's Department of Agricultural and Consumer Economics.

Grades are deferred until after the trip, and is dependent on your participation in the course and study tour.

 

HOUSING

Students will be staying in shared accommodations such as budget-friendly hotels and dormitories.  
 

COSTS

For the costs associated with this program, please scroll to the top of this page and find the box labeled “Budget Sheets” and click on the term during which you want to participate.  Cost includes international airfare, program and excursion costs, accommodations, and most meals.  Please note that costs are subject to change based on availability of flights and land cost variability. 


Financial Aid

Financial aid can be applied to the cost of the program.  The applicable amount depends on your financial aid package.  For information, please visit https://www.osfa.illinois.edu/process/study-abroad or email finaidstudyabroad@illinois.edu.

Scholarships Withdraw, Cancellation and Refund Policy

HOW TO APPLY

  1. Click the Apply Now button at the top-right of this page to apply.  You may only apply to one program per term. Log in with your UIUC NetID and password. Once you submit the application you will be charged a non-refundable application fee.
  2. Submit all application materials by the deadline posted.  Online materials are due by 11:59 pm (CST) on the deadline date.
  3. After the application deadline, we will review all completed applications. Application decisions are released 1 to 3 weeks after each deadline.
 

CONTACT INFORMATION

Faculty Program Leader:
Dr. Michel Robe, mrobe@illinois.edu

Experiential Learning Coordinator, ACE Department
Dana Wennerberg, wennerb1@illinois.edu

ACES Study Abroad
123 Mumford Hall
1301 West Gregory Drive
Urbana, IL 61801
Phone: (217) 333-3380
Email: aces-studyabroad@illinois.edu
https://academics.aces.illinois.edu/study-abroad

 

Walk-in Advising Hours:  Tuesdays and Thursdays 2-4pm and Wednesdays 9:30-11: 30 am
Otherwise by appointment; to schedule an appointment please email Oliver Ferguson (ofergus@illinois.edu) or Jessa Barnard (jbecker2@illinois.edu)


Dates / Deadlines:
Dates / Deadlines:
Term Year App Deadline Decision Date Start Date End Date
Summer Short-Term 2019 02/11/2019
**
Rolling Admission 05/11/2019 05/27/2019

** Indicates rolling admission application process. Applicants will be immediately notified of acceptance into this program and be able to complete post-decision materials prior to the term's application deadline.

Indicates that deadline has passed

This program is currently not accepting applications.