M.Sc. Energy Studies with Specialisation in Energy Regulation (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
Downstream Energy Law and Policy (20 credits)
The primary objective of the course is to provide an introduction and background to the way in which legislation and regulation can be used to implement policy decisions in the downstream energy industries. The emphasis is on understanding the way in which policy decisions to restructure the (electricity and gas) industries lead to changes in both legislation and the approach of regulators. The skill is to identify what makes particular approaches successful in particular legal environments. This course is not aimed only at lawyers, but also at those influencing the policy debate who must have an understanding of the implementation of policy changes.
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.
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.
Public Policy for Sustainable Development in Natural Resource Rich Countries (20 credits)
This module provides students with an understanding of the typical policy challenges faced by countries endowed with natural resources and a critical awareness of the proposed causal mechanisms explaining variation in outcomes across these countries. The course covers the resource curse debate, theoretical approaches to public policy analysis and the practical policy challenges of turning resource wealth into positive development outcomes.
Regulation of Water Services (20 credits)
The aim of the module is to develop an understanding of the options for ownership and structure of water services, the role of law and legal frameworks, the importance of good governance and the role of economic regulation in both the public and the private sectors.
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.