M.Sc. Energy Studies with Specialisation in Oil and Gas 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
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.
International Petroleum Law and Policy (20 credits)
The main objective of the module is to provide an understanding of the main law and policy issues in the international petroleum industry, with an emphasis upon transactional agreements concluded between host government and oil company/investors.
Common and diverging objectives between the two parties and indeed among the international corporate and financial investors themselves are faced in a candid and practical way, with an emphasis upon ways of accommodating the interests of diverse stakeholders in the development of petroleum resources.
A brief introduction is provided to petroleum taxation issues. The module focuses upon problem-solving techniques in a variety of settings, noting the inputs of lawyers, economists, accountants, engineers and geologists.
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.
Petroleum Policy and Economics (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand the international oil and gas industry. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of the industry. In addition the course enables the student to become familiar with current issues in the industry.
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.