REQUIRED TEXTBOOKS for Economics and FInance of Energy, Y45.2420, Fall 2008, Professor Chris Gadomski

Energy is a central focus of international economics and finance. As with any commodities, their pricing, transportation and insurance are subject to rapid fluctuations reflecting numerous factors. This course examines these factors and includes a discussion of anticipated future trends in demand, consumption, efficiency and safety and how companies and countries react to these changes. The course also examines project finance and its role in the development of the energy sector. The investment opportunities for the development of alternate energy sources are also considered through the use of online models where students evaluate the internal rate of return on proposed renewable energy investments.

Please note that the following is a preliminary list subject to additions . I have not ordered any of these books through the NYU bookstore, as my students typically find them for much less online at Amazon. Click on link below to go directly to Amazon.

• Matthew R. Simmons, Twilight in the Desert, (Hoboken, New Jersey: John Wiley & Sons, 2005) ISBN 0-471-73876-x, and

• Hossein Razavi, Financing Energy Projects in Emerging Economies, (Tulsa, Oklahoma: Pennwell Publishing, 1996) ISBN 0-87814-469-2
  or (2007) ISBN 978-1-59370-124-6
  
  

• Will McNamara, The California Energy Crisis, (Tulsa, Oklahoma: Pennwell Publishing, 2002) ISBN 0-87814-844-2
  

   

• The Wall Street Journal, orThe Financial Times, orThe New York Times. Bring relevant articles to each class for discussion.

• The Harvard Business School cases/articles supplementing the reading are:

  Product #: 9-207-107: An Overview of Project Finance & Infrastructure Finance—2006 Update, April 12, 2007;
  Product #: 9-706-015: E.ON Corporate Strategy, February 8, 2006,
  Product #: HKU707: Politics, Institutions and Project Finance: The Dabhol Power Project, March 19, 2008
  

Suggested Textbooks

• Sonia Labatt and Rodney White, Carbon Finance, (Hoboken, NJ, John Wiley & Sons, Inc., 2007) ISBN 978-0471-79467-7

• Vivek Chandra, Fundamentals of Natural Gas, (Tulsa, OK, PennWell, 2006) ISBN-978-1-59370-0888-1

• Travis Bradford, Solar Revolution, (Cambridge, MIT Press, 2006), ISBN 978-0-262002604-8, or

• Jeff Goodell, Big Coal, (New York, Houghton Mifflin Company, 2006) ISBN 978-0-618-87224-4, or

• Peter Fusaro and Ross Miller, What Went Wrong at Enron Hoboken, New Jersey: John Wiley & Sons, 2005) ISBN 0471265748