Since the 1970s Aberdeen has been the main European and often world centre of energy production where FTSE 100 multinationals sit alongside learning in disciplines across the energy supply chain, the latest of which is decommissioning. University of Aberdeen has followed this learning and knowledge across this time to develop one of the most informed universities in terms of how the industry has grown, innovated, been regulated, managed risk and changed over time and many experts have come to the university after years within the industry.
Petroleum Energy Economics and Finance is one of the most highly regarded and intellectually challenging programmes to keep you up to date with the energy industry. The programme with an international reputation is taught by experts such as Professor Alexander Kemp OBE on North Sea Oil and Gas. The programme focuses on the government and business of petroleum industries addressing finance skills required for complex decision making in areas such as investment analysis, Government petroleum policies, decommissioning, energy demand. You will not only learn from experts in the field but you will also benefit from the years of experience of a research lead university which has continuously provided skills, theory and knowledge to professionals in the energy industry and vice versa.
Aberdeen is one of the World’s Oil Capitals, with a very high population of oil industry professionals and international oil companies within Aberdeen city and surrounding area. You will benefit from studying at a traditional UK university, which has been disseminating knowledge and understanding of key concepts and practises for over 500 years but you will be very much in the 21st century in understanding how this knowledge and the latest changes to the energy industry are supported in your profession.
First Semester
Second Semester
Third Semester
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*Please be advised that some programmes have different tuition fees from those listed above and that some programmes also have additional costs.
View all funding options on our funding database via the programme page
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Application period/deadline: November 1, 2017 - January 24, 2018
• An internationally comparable degree in Economics from an AASCB accredited business school
• Rigorous theoretical and empirical studies incorporating the latest research
• Hands-on experience in developing economic models and using econometric methods to perform economic and financial analysis
Oulu Business School’s International Master’s Programme in Economics (ME) is a two-year programme providing rigorous training in modern Economics. The programme equips you with a comprehensive understanding of the theoretical and empirical research methods used in Microeconomics, Macroeconomics, and Econometrics. You will have the opportunity to develop an interest in fields such as:
• Mathematical economics
• Industrial organisation
• Energy economics
• Urban and regional economics
• Environmental economics
• International macroeconomics
• Game theory
• Financial econometrics
Through group work and projects, you will learn to apply your economic expertise and acquire the problem solving, project management and presentation skills you will need in your career as an economist.
It is not compulsory to choose a specialization, but the two-year programme offers two specialisation options:
Energy Economics and Smart Grid courses bring the latest economic and technical energy research into the classroom and equip you with the skills you need to work as an economic researcher or consultant in energy related projects. Gain experience in multidisciplinary project work and employ your skills in Economics to analyse and solve business problems in tomorrow’s energy markets.
Financial Economics focuses on equipping you with skills that are relevant for an economist working within the financial sector. You will gain further knowledge of statistical modelling software and intensify your knowledge of econometric models used for forecasting macroeconomic and financial variables.
The professorship for Economics at the University of Oulu was established in 1959 and the department is a part the AASCB accredited Oulu Business School (OBS). Economists at OBS and at associated research centres (MAIGBE, SYKE) focus on research in Energy Economics, Social Economics, and Regional Economics. The department is renowned for its achievements in input-output modelling and Energy Economics. Current faculty members are active, among others, in the Finnish Economic Policy Council, the Finnish Climate Panel and the national BCDC energy research project. OBS organizes frequent seminars with Finnish and international visitors from business and academia. You are strongly encouraged to attend these events.
The master’s programme equips you with the skills you need as a professional economist working in business, government, international organizations, and research centres. Depending on your interests, you can, for example, work with market research in the financial sector, with strategic pricing and production decisions in private firms, and with fiscal and monetary policy within the public sector. The master’s programme also serves as thorough preparation for Ph.D. studies. The master’s programme provides you with an internationally comparable degree in Economics from an AASCB accredited business school. Upon completion of the master’s programme, you will be equipped to pursue a career as an economist in Finland or abroad.
Possible titles include:
• Economist
• Economic Advisor
• Investment Advisor
• Industry Analyst
• Financial Analyst
• Economic Development Officer
• Economic Consultant
Students applying for the programme must possess an undergraduate or bachelor’s degree in Economics or a related subject. The quantitative nature of the ME programme ideally suits for those who have studied Economics, Finance, Accounting, Engineering, or Natural Sciences (e.g. Mathematics, Physics or Statistics).
This MSc is unique in the UK in focusing on five core areas which have risen rapidly up the public agenda – environment, climate and energy economics, modelling and policy – and for which there is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.
Students will reach a deep understanding of different economic and policy approaches to the resource and environmental problems facing the global community and nation states, especially in respect to energy and climate change. They will learn how to apply a variety of analytical methods to resolve these problems in a broad range of practical contexts.
Students undertake modules to the value of 180 credits.
The programme consists of five core modules (75 credits), three optional modules (45 credits) and a dissertation (60 credits).
Core modules
Optional modules
The list of optional modules is correct for the 2018-19 academic year. Enrolment on modules is subject to availability.
Dissertation/report
All students undertake an independent research project which culminates in a 10,000-word dissertation.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and project work. Assessment is through examination, coursework and by dissertation.
Further information on modules and degree structure is available on the department website: Economics and Policy of Energy and the Environment MSc
Graduates of this programme will be equipped to become leaders and entrepreneurs in their chosen area of specialisation, whether in terms of policy-making, the business management of sustainable issues, energy system modelling or their understanding and application of innovative systems.
The skills that they will acquire will make them strong applicants for employment in a range of sectors in which sustainability has become an important consideration, including business, central and local government, think tanks and NGOs and universities and research institutes.
Recent career destinations for this degree
Employability
The uniquely interdisciplinary nature of this Master's provides students with practical skills which are in demand by employers from a variety of fields. Students will have the opportunity to attend networking events, career workshops and exclusive seminars held at the UCL Energy Institute.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.
The UCL Energy Institute is world leader in a range of areas covered by the programme; for example, energy systems, energy economics, energy and environmental policy and law and behavioural aspects of energy use.
Our sister institute, the UCL Institute of Sustainable Resources, provides additional expertise on resource economics. These areas are increasingly important due to related challenges, such as climate change, resource exhaustion and energy affordability.
There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is twofold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but in relaxing the level of mathematical skills required, it is also ideal for those with largely non-quantitative first degrees.
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Bartlett School of Environment, Energy & Resources
81% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
You gain two complementary areas of knowledge in studying Oil and Gas Law and Economics to understand the complex environment of state controlled hydrocarbon and mineral extraction in a high risk industry in terms of extraction safety, risks, reliability, environment and returns. On the legal side you understand the regulation of the oil and gas industry from the heart of the industry in Aberdeen gaining valuable teaching rooted in research and learning from decades of studying and collaborating with the energy industry. On top of this huge knowledge base across the supply chain you gain further knowledge of managing uncertainty, licensing, taxation, and contracts which require a degree of legal and economic knowledge. University of Aberdeen is already well known and highly regarded due to its ability to interpret the needs of the industry and close collaboration often with Advisory Boards from the industry.
Within the world of academia the programmes of note are MSc Petroleum, Energy Economics and Finance, LLM International Commercial Law and LLM in Oil and Gas and Energy which have consistently trained top professionals in the industry.. Aberdeen provides a high international profile of energy specialists in the University and expertise in the industry. You benefit from world leading researchers in Energy Economics such as Professor Alex Kemp, OBE. You benefit from access to the Aberdeen Institute of Energy, powered by the University and our strong links with industry and policymakers.
Our MSc in Law and Economics of Oil and Gas is intellectually challenging and provides career-ready credentials to help increase your employability in legal and financial oil and gas contexts. If you want to improve your oil and gas knowledge, work globally or locally to specific hubs career opportunities could include: Commercial Adviser, Energy and Business Consultant, Investment Analyst, Market Analyst, Oil and Gas Associates, Project Manager
Themes include:
Find out more detail by visiting the programme web page
*Please be advised that some programmes have different tuition fees from those listed above and that some programmes also have additional costs.
Find out more about fees and living costs
View all funding options on our funding database via the programme page
Find out more about:
Find out more about living in Aberdeen and living costs
This course is for students who want to engage with different types of settings to research and establish the energy, environmental and technological implications that exist within them. Energy and Environmental Technology and Economics students will care for the environment as a sustainable system and ultimately have a desire to improve conditions for the wider population.
Students come from a range of backgrounds, including engineering, finance and economics – and from within the energy industry itself.
This MSc degree has been designed to give you a wide perspective when it comes to analysing and forecasting the future for energy, environmental technology and economics.
The Energy and Environmental Technology and Economics MSc will help you:
The course is accredited by the Energy Institute and fulfils the learning requirement for Chartered Engineer status.
There is no formal requirement to do an industry-based placement as part of the programme. However, some students arrange to undertake their dissertation research within a company or within their part of the world. A recent student investigated the future of coal-fired generation in Turkey, and another student is combining a work placement at The World Energy Council with their dissertation.
Teaching is organised into modules comprising four consecutive day courses taken at a rate of one a month or so. This format makes the programme accessible for students who want to study part-time while working. Full-time students are also welcome.
Whether you choose to take the course as a part-time or full-time student, we will offer a great deal of support when it comes to helping you prepare for the modules and project work. You will be expected to devote a significant part of your non-taught hours to project work as well as private study.
Our course is led by an exceptional group of experts in energy, supply, demand management and policies. As an example, one of our module leaders leads the UK contribution to writing international energy management standards and informing policy through the European Sector Forum for Energy Management. This forum looks at methodologies across the continent.
There is also input to global standards development through the International Standards Organisation (ISO). At City we bring on board people with well-established academic careers, as well as leaders from the energy industry. The programme has strong links with industry and commerce and involves many visiting lecturers who hold senior positions in their fields.
You will be assessed by examination on the four core modules and you will need to complete a post modular assessment (a 2,000 to 3,000-word essay) on all of the eight modules.
You will take four core modules and have six elective modules from which you can choose four topics from diverse subjects relating to energy supply and demand.
Each course module is taught over four consecutive days of teaching with one module each month. Alongside the teaching, you will have coursework to complete for each module. The modules run from October to April, and in the remaining time, you will concentrate on your dissertation, which forms a significant part of the programme.
You are normally required to complete all the taught modules successfully before progressing to the dissertation.
The dissertation gives you the opportunity to create your own questions and to decide on your own area of interest. It should be a detailed investigation into a subject on energy supply and/or demand, with your own analysis and conclusions outlining the way forward. You may see the focus of your dissertation as a future career path, but whatever your area of study, these final few months of the degree should embody your vision of the future.
If you are interested in sustainability, you have the option of taking up to two elective modules from the MSc in Environmental Strategy offered by the University of Surrey.
Core modules
Elective modules
The MSc in Global Energy Management (GEM) is an intensive course aiming to produce future leaders in the energy sector.
The global energy system is undergoing a process of rapid change including:
Industries, economies and societies face complex challenges and uncertainties that could become more extreme in the future. Both government and industry need to be able to understand and adapt to this changing context.
Through this course you’ll gain a rigorous analytical training and in-depth real-world knowledge of global energy systems. There’s also hands-on training in the management of energy-related issues. Your training will help to give you an unrivalled edge in the energy job market.
This Masters degree is delivered by the Department of Economics.
Core classes are designed around the latest academic research on the issues facing energy managers today. You’ll also have the opportunity to pursue your own interests through a variety of optional courses.
We run a series of interactive seminars called the Global Energy Forum. Leading international energy experts in business, government and other organisations provide you with practical insights and inside knowledge.
There are also field trips, conferences and you will complete a summer project.
Core classes
Elective classes
You’ll be able to choose from many postgraduate classes offered in:
The Strathclyde Business School is situated in a modern building in heart of Glasgow’s city centre. It’s designed to meet the demands of both corporate clients and students. Our school is equipped with up-to-date computing and technology facilities, study areas and its own café.
The MSc in Global Energy Management is accredited by the Energy Institute, the professional body for the energy industry. It is the first Masters course to hold academic accreditation for the professional status of Chartered Energy Manager.
The Strathclyde Business School is a triple accredited business school. It’s one of only a small percentage worldwide to hold this prestigious status, with full accreditation from the international bodies, AMBA, AACSB and EQUIS.
Strathclyde Business School and Dauphine Université, Paris, have joined forces to bring future leading energy market professionals together by forming the Energy Master Exchange Programme (EMEP) Workshop.
Further information will be given when you enter the programme.
You’ll be taught by highly committed and enthusiastic staff distinguished by their internationally-recognised research in energy and environmental related fields.
The course offers excellent opportunities to network with international energy specialists from a range of organisations.
Energy is the largest and most critical industry in the global economy today.
Employers are seeking out skilled graduates to work in the energy industry and related fields. As a graduate in global energy management, you’ll be well placed to manage the complex challenges facing the global energy system in the 21st century.
We’ve designed this course to maximise the opportunities for industry engagement. You’ll take part in industry events such as the Scottish Oil Club.
While on the course you’ll become Learning Affiliates of the Energy Institute. You’re entitled to free Energy Institutemembership. Membership includes:
Are you interested in where we source our future energy and how we protect what we have now and in the future? Do you have environmental concerns about how energy is extracted and what regulation is in place to prevent damage to the environment? This programme focuses on two main interlinked areas within energy management of politics and law. Within the political setting you understand regulation as you do in the legal setting but you look at policies, regulation and interdependencies and relationships globally to understand how risk, security and future policy may alter and how this then translates in law. There is a heightened senses of awareness now within energy and climate and an increased sense of urgency about pollution controls and concerns about energy reserves. This is set within a volatile political and social environment in many countries some of whom supply energy globally. You look at historical oil crisis, security, and politics and you connect this to environmental regulation systems, and the different legal systems and approaches in law.
This programme gives you a wide breadth of skills and knowledge in an essential area of the energy industry, both upstream and downstream, commercial and domestic globally. You are taught in the energy capital of Europe in Aberdeen city, home to a multitude of FTSE 100 companies from the energy industry and you learn from both its learning's and that of academics who follow it closely at Aberdeen. There is a lot of historic case law and knowledge gained from the energy industry which has influenced energy law over time and much of it has related to the tightening of mechanisms and regulation to prevent environmental damage from occurring. There are also economic influences on the energy industry which can rapidly alter the economics of countries when suppliers change prices, lower or raise production or change group agreements. Even within the domestic market energy suppliers continue to influence the prices we pay for our domestic energy which can in turn affect domestic economics within countries.
You can work as a lawyer or regulator across the supply chain from source to domestic energy or you can work as a consultant or advisor within policy. Within the energy industry itself you can be a vital part of project initiation in understanding policy, guidance, risks and laws to support growth alongside social and legal responsibility to ensure integrity in all areas of energy extraction.
Compulsory
Optional
Semester 2
Compulsory
Optional
Semester 3
Compulsory
Find out more detail by visiting the programme web page
Find out about fees:
Find out more from the programme page
*Please be advised that some programmes have different tuition fees from those listed above and that some programmes also have additional costs.
View all funding options on our funding database via the programme page and the latest postgraduate opportunities
Find out more about:
Find out more about:
Find out more about living in Aberdeen and living costs
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