Course content outline:

1. Introduction to petroleum industries

2. The determinants of oil and gas policies in ME countries

3. The effects of petroleum dependence on development: the resource curse dilemma,

4. Resource wealth, politics, and institutions

5. The future of petroleum industries: implications for Middle Eastern oil exporting countries

Course reading list:

Reading materials for every session will be given in advance.

Course grading:

1. Class participation and discussions: 30

2. Policy paper: 25%

3. End of the term exam: 45%

Course materials:

Required books:

Arezki, R., T. Gylfason, and A. Sy (2011) Beyond the Curse: Policies to Harness the Power of Natural Resources. IMF. AVAILABLE for FREE in the Web.

Barma, N; K. Kaiser; T. Minh Le; and L. Vinuela (2012) Rents to riches? The Political Economy of Natural Resource-Led Development. World Bank. AVAILABLE for FREE in the Web.

Collier, P. (2010) The Plundered Planet. Oxford University Press.

Ross, M. (2013) The Oil Curse. Princeton University Press.

Bhattacharyya, S. C. (2012) Energy Economics, Concepts, Issues, Markets and Governance

Lynn K. (2004) Oil-Led Development: Social, Political, and Economic Consequences, Encyclopedia

Optional books:

Rolf Schwarz (2004) State Formation Processes in Rentier States: The Middle Eastern Case

Hendrix, C. and M. Noland (2014) Confronting the Curse. Peterson Institute for International Economics.

Yergin, D. (2011) The Quest: Energy, Security, and the Remaking of the Modern World. Penguin Books.

Daniel, P.; M. Keen, C. McPherson, eds. (2010) The Taxation of Petroleum and Minerals. Routledge.

Davis, J.M., R. Ossowski, and A. Fedelino (2003) Fiscal Policy Formulation and Implementation in Oil Producing Countries. International Monetary Fund.

Goldman, M. (2008) Petrostate. Oxford University Press.

Hogan, W. and F. Sturzenegger (2010) The Natural Resources Trap. MIT Press.

Humphereys, M., J. Sachs and J. Stiglitz (2007) Escaping the Resource Curse. Columbia University Press.

Radetzki, M. (2008) Primary Commodities in the Global Economy. Cambridge University Press.

Sinnott, E., J. Nash, and A. De la Torre (2010) Natural resources in Latin America and the Caribbean.World Bank. AVAILABLE for FREE in the Web.