Welcome to the Full-Time M.Sc. and Diploma in Energy Studies with Specialisation in Energy Finance

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. 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

The M.Sc. is made up of 200 credits as follows:

	Credits
Compulsory modules	60
Core modules	60
Credits for chosen specialiation	40
Dissertation, Internship or extended PhD Proposal	40
	200

The associated Diploma is made up of the Induction Programme plus an additional 120 module credits.

To find out everything you need to know about the programme, please click on the headings above. Additional useful information about the M.Sc. can be found using the links in the table below:

Programme	Finance	Other
Duration	Tuition Fee + Living Expenses	Pre-Arrival Information
Entry Dates	Funding Opportunities	Who does what?
Application Deadlines		Hours of Study
Admissions Criteria		Career Path
Deferred Entry Policy		Alumni Page
		General Useful Links

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

Candidates should choose a minimum of 60 modules from the list below:

Commodity Trading and Strategic Asset Optimisation in the Energy Industry (10 credits)
The main objective of this course is to help students to understand commercial strategies currently utilized in the energy trading and marketing industry. The module will give a basic introductory overview, and practical applications of the financial and economic theories, and methodologies utilized in real and financial trading activities, options pricing, real options valuation techniques and asset optimization.

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.

Extractive Industries Revenue Management (10 credits)
The module is designed to provide students with an understanding of the challenges and opportunities facing countries with major oil, gas and/or mining resources. The course will examine the nature and extent of the �Resource Curse� or �Paradox of Plenty�, technical and political causal factors, possible remedies and the role of different stakeholders in their implementation.

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.

International Project Finance (20 credits)
The objective of the course is to provide an understanding of the issues surrounding project finance. The objective is to demonstrate how the concept can be used to fund investment in energy (and infrastructure) projects. The course also looks at how governments might encourage the use of project financing in cases where domestic funding is not sufficient to meet demand.

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.

Recommended Elective Modules

Candidates are advised to choose additional modules from what is available on the academic timetable subject to any restrictions that may apply.

Together with the core and compulsory modules above, excluding the Induction Programme they should add up to 140 for the M.Sc. or 120 credits for the Diploma.

M.Sc. Candidates

In addition to the Induction Programme plus the core and elective modules, M.Sc. candidates are required to complete an additional 40 credits as follows:

The Dissertation: Candidates are required to write a Dissertation of up to 15,000 words on a topic approved by an academic supervisor.

An Internship: Candidates are required to source an organisation willing to offer a 3-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.

An extended PhD Proposal: Candidates who propose to follow up the M.Sc. with a PhD may, with the approval of an academic supervisor, submit a 10,000 word PhD proposal in lieu of the Dissertation.