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.
Introduction to Energy and Petroleum Economics
Introduction to Corporate Finance for Energy
Economic Analysis for Energy
Quantitative Methods for Energy Economics
Real Options and Decision Making
Issues in Energy and Petroleum Economics
Empirical Methods in Energy Economics
Dissertation in Petroleum, Energy Economics and Finance
Find out more detail by visiting the programme web page
• The Business School provides in interdisciplinary knowledge of the energy industry and it is renowned for its research (REF 2014)
• Professor Alexander Kemp OBE one of the founding academics in the energy industry still actively teaches on this programme
• The programme is further supported by Aberdeen Institute of Energy and Aberdeen Centre for Research in Energy Economics
• University of Aberdeen
Find out about fees:
*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
Find out more about:
Find out more about living in Aberdeen:
The MSc Energy Economics and Policy programme provides a solid grounding in the economics of international oil and gas, the general principles of regulation, energy and environment policies and technology, and energy modelling.
You will gain a thorough understanding of microeconomics, macroeconomics and econometrics. Building on these foundations, the programme focusses on economic and policy issues affecting the energy sector.
Furthermore, guidance in research methodology will ensure you develop the skills required to effectively undertake thorough independent research.
Those wishing to work in research and/or policy-making in the energy area will find this programme particularly relevant.
This programme is studied full-time over one academic year and part-time over two academic years. It consists of eight taught modules and a dissertation.
Example module listing
The following modules are indicative, reflecting the information available at the time of publication. Please note that not all modules described are compulsory and may be subject to teaching availability and/or student demand.
The main aims of the Department’s taught courses are to:
The programme provides opportunities for students to develop and demonstrate knowledge and understanding, skills, qualities and other attributes in the following areas:
Knowledge and understanding
Intellectual / cognitive skills
Professional practical skills
Key / transferable skills
We often give our students the opportunity to acquire international experience during their degrees by taking advantage of our exchange agreements with overseas universities.
In addition to the hugely enjoyable and satisfying experience, time spent abroad adds a distinctive element to your CV.
This is a 12 month full-time Masters degree (See http://www.postgraduate.hw.ac.uk/prog/msc-renewable-energy-development-red-/ ) course taught at our Orkney Campus. It involves studying 8 taught courses and completing a research dissertation equivalent to 4 taught courses. If you can demonstrate that you have already mastered the subject, you may apply for an exemption from one of the taught courses and undertake a Design Project instead.
For more information visit http://www.hw.ac.uk/schools/life-sciences/research/icit.htm
The Renewable Energy Development MSc/Diploma is also available for independent distance learning. For distance learners, the main difference is that you will undertake the Development Project alone rather than as part of a group. You can still obtain the full MSc in Renewable Energy Development, or you can opt to study fewer courses, depending on your needs.
- Energy in the 21st Century
This course is designed to give you a broad understanding of the environmental, political and socio-economic context for current developments in renewable energy. The course examines the extent of current energy resources and how energy markets function. It covers some energy basics you will need for the rest of the programme (e.g. thermodynamics, efficiency conversions) as well as environmental issues associated with energy use, climate change and the political and policy challenges involved in managing energy supply and achieving energy security.
- Economics of renewable energy
This course gives an understanding of the economic principles and mechanisms which affect energy markets today. It covers price mechanisms, the economics of extracting energy and the cost-efficiency of renewable energy technologies. You will learn about economic instruments used by policy-makers to address environment and energy issues, economic incentives to stimulate renewable energy development and about environmental valuation.
- Environmental Policy & Risk
This course explores the legal and policy context in which renewable energy is being exploited. You will gain an understanding of international law, particularly the Law of the Sea, property rights and how these relate to different energy resources. The course also looks at regulatory issues at the international, European and UK level, which affect how energy developments are taken forward, as well as risk assessment and management in the context of renewable energy developments.
- Environmental Processes
Particularly for those without a natural science background, this course provides a broad overview of the environmental processes which are fundamental to an understanding of renewable energy resources and their exploitation. You will study energy flows in the environment, environmental disturbance associated with energy use, and an introduction to the science of climate change. You will also learn about ecosystems and ecological processes including population dynamics and how ecosystems affect and interact with energy generation.
- Renewable Technology I: Generation
This course explores how energy is extracted from natural resources: solar, biomass, hydro, wind, wave and tide. It examines how to assess and measure the resources, and the engineering solutions which have been developed to extract energy from them. You will develop an understanding of the technical challenges and current issues affecting the future development of the renewable energy sector.
- Renewable Technology II: Integration
This course explores the technical aspects of generating renewable energy and integrating it into distribution networks. You will learn about the electricity grid and how electrical power and distribution systems work. You will find out about different renewable fuel sources and end uses, and the challenges of energy storage.
- Development Appraisal
Looking at what happens when renewable energy technologies are deployed, this course examines development constraints and opportunities: policy and regulatory issues (including strategic environmental assessment, environmental impact assessment, landscape assessment, capacity issues and the planning system). It also looks at the financial aspects (valuation of capital assets, financing projects and the costs of generating electricity) and at project management.
- Development Project
This is a team project, where students have the opportunity to apply what they have learned through the other courses in relation to a hypothetical project. You have to look at a range of issues including resource assessment, site selection, development layout, consents, planning and economic appraisal, applying the knowledge and tools you have studied.
- Optional design project
For students who can demonstrate existing knowledge covered by one of the courses, there is the option of understanding a design project supervised by one of our engineers.
This research project (equivalent in assessment to 4 taught courses) allows you to focus on a specific area of interest, with opportunities to collaborate with businesses and other stakeholders. You choose your dissertation subject, in discussion with your supervisor.
- Additional information
If you study at our Orkney Campus, you will also benefit from a number of activities including guest lectures and practical sessions, which help to develop your skills and knowledge in your field of study, and offer opportunities to meet developers and others involved in the renewable energy industry.
We have a number of fully funded Scottish Funding Council (SFC) scholarships available for students resident in Scotland applying for Renewable Energy Development (RED) MSc. Find out more about this scholarship and how to apply http://www.hw.ac.uk/student-life/scholarships/postgraduate-funded-places.htm .
If your first language is not English, or your first degree was not taught in English, we’ll need to see evidence of your English language ability. The minimum requirement for English language is IELTS 6.5 or equivalent. We offer a range of English language courses to help you meet the English language requirement prior to starting your masters programme:
- 14 weeks English (for IELTS of 5.5 with no more than one skill at 4.5);
- 10 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills);
- 6 weeks English (for IELTS 5.5 with minimum of 5.5 in reading & writing and minimum of 5.0 in speaking & listening)
Please note that independent distance learning students who access their studies online will be expected to have access to a PC/laptop and internet.
Find information on Fees and Scholarships here http://www.postgraduate.hw.ac.uk/prog/msc-renewable-energy-development-red-/
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:
• 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 fresh, new programme for 2017 is a collaboration between the School of GeoSciences and the School of Social and Political Sciences.
The world is facing an ‘energy trilemma’; how to achieve energy security, energy equity and environmental sustainability. Whilst equipping students with an active understanding of low carbon technologies, policies and markets, this new MSc programme is focused squarely on analysing the social, societal and environmental dimensions of energy transitions. You will examine how citizens are involved in and are affected by changes in energy systems.
On a more theoretical level, the programme will enable you to relate supply-side issues to geo-politics and political economy, whilst energy demand will be studied in relation to broader challenges of sustainable consumption.
On a more practical level you will explore the potential of ‘smart’ ICT to affect consumption and inform strategic choices in sustainable living at household and community level. With Scotland being a world leader in renewable electricity generation (especially wind and marine), but also being economically dependent on declining North Sea oil and gas and suffering from high levels of energy poverty, this interdisciplinary MSc. benefits from close access to a high number of insightful case studies, which will serve to examine links between global and local issues, explore international best practices and identify locally suited pathways to more sustainable energy management.
Applicants receiving an offer of admission, either unconditional or conditional, will be asked to pay a tuition fee deposit of £1,500. Please see the fees and costs section for more information.
The programme has been designed to develop transdisciplinary perspectives on the energy trilemma and integrative analytical skills (qualitative and quantitative) which are in short supply in the energy sector. The full-time programme is divided into two semesters of taught courses, followed by a field trip at Easter before the dissertation period over the summer. We are happy to accommodate different working patterns for part-time students, including a half day a week schedule for three-year part time study.
The programme consists of four core modules (20 credits each, two core courses per semester), two optional modules (20 credits, one for each semester) and a 60 credit dissertation.
Students will also undertake one 20 credit course per semester. The University of Edinburgh offers an unrivalled selection of relevant optional courses for the MSc in Energy, Society and Sustainability. Bearing in mind your particular background and interests, the Programme Director will assist you in your choice from a large menu of optional courses related to six potential specialisation pathways; sustainable technologies and economics, politics, development, environmental sustainability, science and technology and public policy.
Optional courses may include*:
**Please note, courses are offered subject to timetabling and availability and are subject to change.
The programme aims for students to develop transdisciplinary skills in the assessment of the transition potential of energy systems towards greater sustainability, focussing especially on the human dimension of technological change and working and experimenting with energy users to co-produce knowledge about pathways to change.
Upon successful completion of the programme, students will have gained:
UK research councils cite a major skills gap in the energy sector, one of the biggest growth sectors within the UK economy in recent years. Demand has never been higher for sound evidence on behavioural change, public engagement with energy issues, and public support for community and commercial investments in low carbon energy generation. We train our graduates to translate complex science into effective policies and new business opportunities. We have strong links with government departments, energy relevant NGOs and key industry players who want to make use of these skills. Committed to helping you meet prospective employers and network with those active in the field, we organise careers events and encourage dissertations conducted in partnership with external organisations.
A unique programme
Gain an in-depth understanding of global energy management issues and the tools to design more effective energy programmes with the Master of Engineering Studies (Energy Management).
Find out more about the Master of Engineering Studies parent structure.
In the energy management major of the Master of Engineering Studies, you will gain an detailed understanding of energy efficiency, looking at detail of energy use in industry and commercial settings, as well as tools for energy systems analysis and efficient building design.
It is a unique postgraduate programme in New Zealand. Taught in conjunction with world-renowned Murdoch University in Australia, it is the only fully-focussed energy management postgraduate programme in New Zealand. The programme has been running for over fifteen years.
Your learning will be set in the context of global renewable energy systems and tools. You will learn the detail of contemporary renewable energy issues including greenhouse science, global energy systems, policy, economics and management. This will specifically cover renewable energy devices, resources and system design.
Let our experts help you develop your own expertise. We bring a solid base of experience to your learning from our Centre for Energy Research, established at Massey in 1997 following over 25 years of teaching and research work undertaken in the areas of renewable energy, energy efficiency and energy management. We also bring the most relevant and recent research to your learning. You will learn the theory and practice behind energy management, renewable energy and climate change from lecturers who have been working internationally, contributing to research and policy through panels that are setting the global agenda.
You can study towards the Master of Engineering Studies on campus, or study via our distance learning. This gives you the flexibility to remain in full-time employment while studying. Massey University has been offering distance education for over 50 years and you will be able to take advantage of our well-developed systems for teaching and learning. Part of your study will be a real-life energy management case study.
The renewable energy systems major includes an optional research project, where you can either investigate a topic you are interested in, or work with us to develop an industry-relevant piece of work.
You will gain an in-depth understanding of the theory of renewable energy systems, but also focus on practical information that can be applied to real-world situations. This could be through using the international Long Range Energy Alternatives Planning System (LEAP) model to assess climate change mitigation options for a country, city or community. You will also learn how to measure renewable energy resources, and understanding the challenges of providing energy efficiency or renewable energy systems in developing countries as part of sustainable development.
The programme also covers the social issues to change human behaviour regarding the deployment of renewable energy systems and related greenhouse gas emission reductions.
This qualification is suitable if you either have an undergraduate engineering degree and wish to specialise in energy management, or you have found yourself working in a energy management-related role and need to upskill. You do not have to have an engineering degree to enrol.
The Master of Engineering Studies is a 120 credit qualification able to be completed in one year full-time, or part-time between 2.5 and five years..
Postgraduate study is hard work but hugely rewarding and empowering. The Master of Engineering Studies will push you to produce your best creative, strategic and theoretical ideas. The workload replicates the high-pressure environment of senior workplace roles.
Postgraduate study is not just ‘more of the same’ undergraduate study. Our experts are there to guide but if you have come directly from undergraduate study, you will find that postgraduate study demands more in-depth and independent study. It takes you to a new level in knowledge and expertise especially in planning and undertaking research.