James Smith

Professor of FinanceCary Maguire Chair of Oil and Gas Management (Retired) at Cox School of Business

Senior Lecturer Emeritus at Kelley School of Business

Schools

  • Cox School of Business
  • Kelley School of Business

Expertise

Links

Biography

Cox School of Business

Bio

Dr. James Smith has specialized in energy studies since receiving his PhD in economics from Harvard University in 1977 and has published many scholarly articles on the oil and gas industry.  Dr. Smith currently serves as co-editor of The Energy Journal - the flagship journal of the International Association for Energy Economics, and as president-elect of the United States Association for Energy Economics.  In addition to his academic duties at Southern Methodist University, Dr. Smith frequently provides consulting services to energy companies, regulatory agencies, and government officials, in the US and abroad.

Research

Energy Economics
Energy  Finance
Real Options
Auction Theory

Recent publications

“Estimating the Future Supply of Shale Oil: A Bakken Case Study,” Energy Economics (vol. 69, 2018).

“OPEC’s Impact on Oil Price Volatility: The Role of Spare Capacity,” with Axel Pierru and Tamim Zamrik, The Energy Journal (vol. 39, no. 2, 2018).

“How and Why Petroleum Leases are Held by Production: Analysis of a Compound Option,” Land Economics (vol. 94, no. 1, 2018).

“The Price Elasticity of U.S. Shale Oil Reserves,” with Thomas K. Lee, Energy Economics (vol. 67, 2017).

“Is the Genie Back in the Bottle?” (An Introduction to the Special Issue in Honor of M. A. Adelman), with Carol Dahl and Michael Lynch, The Energy Journal (vol. 36, Special Issue 1, 2015).

Teaching

Energy Finance
Risk Management
Game Theory
Managerial Economics

Kelley School of Business

Areas of Expertise

Corporate valuation, business modeling with Excel, Monte Carlo simulation for business decision-making

Academic Degrees

  • MBA, University of Chicago, 1989
  • BA, Princeton University, 1970

Professional Experience

  • Co-director and research economist, IU Center for Econometric Model Research (2004-2010)
  • Economist and associate director, Indiana Business Research Center, IU Kelley School of Business (1999-2003)
  • More than 20 years in private corporations, including officer-level posts related to acquisitions
  • Joined Kelley School of Business faculty in 1999

Awards, Honors & Certificates

  • IU Trustees’ Teaching Awards
  • Schuyler F. Otteson Awards for Undergraduate Teaching Excellence
  • Excellence in Teaching Awards from Student Athletes

Videos

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