About the authors
DR. JULIEN CHEVALLIER is a Tenured Associate Professor of Economics (Professeur des Universités). He undertakes research and lectures on time-series econometrics applied to financial, commodity and energy markets. Dr. Chevallier has research connections with various universities, including the University Paris Dauphine. He received his Ph.D. in Economics from the University Paris West in 2008, and his M.Sc. in Economics from the London School of Economics in 2005. Dr. Chevallier has previously held visiting research positions at the Grantham Institute for Climate Change of Imperial College London, at the Centre for Economic Performance of the London School of Economics, at Georgetown University, and at the World Bank. Dr. Chevallier is the author of the book Econometric Analysis of Carbon Markets (Springer). He has published articles in leading refereed journals, including Applied Economics, Energy Economics, Resource and Energy Economics and The Energy Journal. Furthermore, Dr. Chevallier currently serves as Associate Editor at Energy Economics, at the International Journal of Global Energy Issues, and at the Journal of Stock & Forex Trading.
DR. FLORIAN IELPO is Investment Manager & Associate Researcher at CES - Université Paris 1 Panthéon Sorbonne. He acts as an Investment Manager in the asset management branch of a bank in Switzerland. In the meantime, he is an Associate Researcher at the Centre d'Economie de la Sorbonne in Paris, France. His expertise is built on an on-going combination between professional skills gained from building decision tools and strategic decision making, and active academic research focusing on the application of econometric tools relating economics and finance. Florian completed his Ph.D. in Financial Econometrics from the Sorbonne University in Paris, France while working as an Economist in the banking industry. He then occupied various positions, moving from an Econometrician position to becoming an Active Investment Manager. He teaches selected aspects of applied finance at the Sorbonne and Dauphine Universities and at the Ecole Nationale des Techniques Avancées (ENSTA) in Paris, France. Florian's peer-reviewed scientific publications can be found in various journals such as Quantitative Finance, the Journal of Forecasting, Finance Research Letters or the Journal of Investing.

As commodity markets have continued their expansion an extensiveand complex financial industry has developed to service them. Thisindustry includes hundreds of participating firms, including assetmanagers, brokers, consultants, verification agencies and a myriadof other institutions. Universities and other training institutionshave responded to this rapid expansion of commodity markets as wellas their substantial future growth potential by launchingspecialized courses on the subject.
The Economics of Commodity Markets attempts to bridge thegap between academics and working professionals by way of atextbook that is both theoretically informative and practical.Based in part on the authors' teaching experience ofcommodity finance at the University Paris Dauphine, the book coversall important commodity markets topics and includes coverage ofrecent topics such as financial applications and intuitive economicreasoning.
The book is composed of three parts that cover: commodity marketdynamics, commodities and the business cycle, and commodities andfundamental value. The key original approach to the subject matterlies in a shift away from the descriptive to the econometricanalysis of commodity markets. Information on market trends ofcommodities is presented in the first part, with a strong emphasison the quantitative treatment of that information in the remainingtwo parts of the book. Readers are provided with a clear andsuccinct exposition of up-to-date financial economic andeconometric methods as these apply to commodity markets. Inaddition a number of useful empirical applications are introducedand discussed.
This book is a self-contained offering, discussing all keymethods and insights without descending into superfluoustechnicalities. All explanations are structured in an accessiblemanner, permitting any reader with a basic understanding ofmathematics and finance to work their way through all parts of thebook without having to resort to external sources.