M.Sc. Energy Studies with Specialisation in Energy Economics (12 months) full-time
The M.Sc. programme is designed for economists and non-economists who wish to gain and understanding of the economics of the international petroleum and energy industries.
Who is it for?
It is suitable for those aspiring to be analysts and advisers in the economic, commercial and financial aspects of the petroleum and energy industries.
Structure of the Programme
All modules will be delivered on the campus of the University of Dundee in face-to-face mode. Self-study makes up a considerable proportion of the student's learning experience. Formal and informal group work occurs in some modules.
The programme comprises:
| The M.Sc. is made up of 200 credits as follows: | |
|---|---|
| Compulsory Modules | 60 credits |
| Core Modules | 40 credits |
| Specialist Option Modules | 60 credits |
| Integrative Modules | 40 credits |
200 credits |
|
To find out everything you need to know about the programme, please click on the headings above. Additional useful information about the MSc can be found using the links in the table below:
Compulsory Modules
Energy Economics the Issues (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Energy Economics the Tools (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Induction Programme (20 credits)
The Induction Programme provides students with vital knowledge and skills before they embark of the main components of CEPMLP's taught Masters and Diploma programmes. CEPMLP students have a wide range of academic and professional backgrounds and the Induction Programme provides each student with a basic introduction to all the main disciplines included in the degrees programmes, namely law, economics, finance and geology. It also provides training in research methods.
Core Modules - a minimum of 40 credits from
Economics for Business Managers (20 credits)
The module is aimed at presenting and developing practical applications of economic theory and analytical tools to business decisions. The emphasis is on the study of the production decisions, the interaction of firms in different market structures, and the international financial market. Real world examples from the energy industries will be utilized to demonstrate the theoretical models developed in the class.
Economics of Regulation and Restructuring of Energy Industries (20 credits)
This course aims at introducing students to the concept of economic regulation of energy industries; economic rationale behind restructuring of energy industries and highlighting the tariff and other policy issues related to regulation and restructuring. The course is designed for an interdisciplinary audience and will not require background in economics.
Mineral Resources Policy and Economics (20 credits)
The main objective of this course is to give students an understanding of the main economic forces that drive and influence the hard-rock mineral industries, and of the major economic policy issues for the industry. It does not aim to create economists, and nor is a prior knowledge of economic theory a prerequisite for the course. Students will acquire an appreciation of both the macro- and micro-economic factors that affect the industry and provide the context for all legal and policy issues.
Quantitative Methods for Energy Economists I (10 credits)
The main objective of this course is to help students to understand quantitative methods, and forecasting tools currently utilized in the energy industry. The module will give a basic introductory overview, and practical applications of the basic quantitative theories, and methodologies utilized in forecasting.
Quantitative Methods for Energy Economists II (10 credits)
The main objective of this course is to help students to understand in detail quantitative methods, and forecasting tools currently utilized in the energy industry. The module is a continuation of Quantitative Methods I, and will give a solid understanding of the quantitative theories used in the energy industry, and methodologies utilized in forecasting.
Specialist Option Modules - choice of 60 credits from:
Candidates are advised to choose additional modules from what is available on the academic timetable subject to any restrictions that may apply.
Full list of available modules.
Integrative Modules - M.Sc. candidates are required to complete an additional 40 credits from:
Dissertation (40 credits)
The dissertation contributes to the achievement of the aims of the Masters degree namely:- to promote a deeper and critical understanding of selected areas relating to the specialisation of the student; to develop originality of thought and skills of research, analysis, argumentation and expression; to build upon, develop and integrate the knowledge and skills acquired in the taught modules.
A dissertation of up to 15,000 words on a topic approved by an academic supervisor
Extended PhD Proposal (40 credits)
The Extended PhD proposal contributes to the achievement of the aims of the Masters degree namely:- to promote a deeper and critical understanding of selected areas relating to the specialisation of the student; to develop originality of thought and skills of research, analysis, argumentation and expression; to build upon, develop and integrate the knowledge and skills acquired in the taught modules. In addition, the PhD proposal should provide the basis for significantly more specialised and detailed research to be undertaken as part of the PhD programme.
Students who propose to follow up their degree with a PhD may, with the approval of an academic supervisor, submit a 10,000 word PhD proposal.
Internship (40 credits)
The internship provides the student with the opportunity to apply in the workplace the knowledge and skills learnt at CEPMLP and to learn how professionals in the field perform their tasks.