M.Sc. Energy Studies with Specialisation in Energy Finance (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
Energy and Mining Finance (20 credits)
The primary aim of the course is to provide a detailed consideration of the theory of finance as it applies to the energy and mining industries and to consider how the theory is applied in practice. The two key focus areas will be investment decision making with uncertainty and how the investment demands are financed.
Financial and Project Analysis of Natural Resources and Energy Ventures (20 credits)
The main aim of this course is to introduce students into current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and pay back period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.
Legal Framework for International Project Finance (20 credits)
The module aims to demonstrate how project finance can be used to fund investment in energy, petroleum and mining (and infrastructure) projects. Another objective of the module is to provide an understanding of the issues surrounding project financing in the mentioned sectors.
The emphasis is on providing the student with a practical understanding of the issues and key areas of concern which are revealed by careful examination and analysis of proposed energy, petroleum or mining projects.
The module will also look at how governments might encourage the use of project financing in cases where domestic funding is not sufficient to meet demand.
Mineral and Petroleum Taxation (20 credits)
The main objective of the course is to provide an introduction to the main policy issues in the field of mineral and petroleum taxation and to the main instruments of taxation. The emphasis is on providing an understanding of the issues rather than teaching skills in accounting or financial analysis. These latter skills should be acquired on other courses. Neither does this course intend to make the student into a tax lawyer.
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.