- ISBN13: 9780878147991
- Condition: NEW
- Notes:
Product Description
This book is designed to provide the economic skills to make better management or policy decisions relating to energy. It requires a facility with calculus and contains a toolbox of models along with institutional, technological and historical information for oil, coal, electricity, and renewable energy resources…. More >>
International Energy Markets: Understanding Pricing, Policies and Profits
Tags: better management, calculus, coal, economic skills, electricity, historical information, international energy markets, policy decisions, profits, renewable energy resources
#1 by Thomas Chorman on June 29, 2010 - 8:48 pm
I was TA for a class, Energy Economics (ENNEC 484W), during the Fall 2006 semester at Penn State University. The professor for the class introduced Dahl’s book into the class’s curriculum during the Fall semester of 2005. The class covered the first 8 chapters of Dahl’s book which included economic topics on perfect competition (explanation of supply and demand), natural monopoly, deregulation, dominant firm model, market structures, and externalities. Each of these economic concepts are fully developed using an example from energy markets. The examples are agreeably the most fitting for each subject. She discusses the deregulation of the electricity market for deregulation, coal markets for perfect competition, and OPEC for the dominant firm chapter. Each chapter is developed with clearly derived numerical examples and useful charts that develop an intuitive understanding of the amount of natural gas, petroleum, coal, etc. reserves in the world and their geographical distribution. I recommend this book for any class that deals with any aspect of energy markets. Since our class was rooted more in the economic theory of energy markets, we were able to use the first half of the text, in addition to extra material such as journal articles, to satisfy our objectives. All of the students in the class gave the book great reviews saying that it was the perfect aid to understanding lecture.
Rating: 5 / 5
#2 by Tyler Cole-Rubin on June 29, 2010 - 10:46 pm
The book was purchased for a 3-level Energy Economics course at a highly respected private college. Has some useful background information and charts, but overall, is geared more for graduate students, academics, and mostly for business owners who are already decently versed in medium to upper-level economic concepts. Tends to be dry and can be even dull at points. 3/5 for my purposes, i can see it being 4/5 for upper levels.
Rating: 3 / 5
#3 by Roxana C on June 30, 2010 - 1:13 am
The book contains an economics approach to international energy markets. It does provide some background into energy issues in order to explain the functioning of the markets using economic models. As a result, it is mainly useful from an academic perspective. It is not an introductory book. In order to go through it you need background both in economics and energy.
Rating: 4 / 5
#4 by S. Khieng on June 30, 2010 - 3:09 am
With the price, the information in it is worth buying. However, readers should have some background in both econmics and energy to be able to understand the text and graph.
There are a few confusions due to partial mis-organization of the book.
All in all, it a great book but a bit expensive.
Rating: 3 / 5