• For Entry: January | September
  • Duration: 12 months
  • School: Social Sciences
  • Study Mode: Full Time

A course for economists and non-economists who want to understand the economics of the international petroleum and energy industries.

TEF Gold - Teaching Excellence Framework

The aim of the MSc programme is to prepare participants for managerial, advisory and academic positions in the energy sector. The programme aims to provide an intellectually challenging academic programme of study, which will demand of the student the ability to analyse, synthesise and evaluate key theoretical concepts and practical applications in energy with an emphasis on the economic dimensions of the subject.

The world's long-term economic development depends on the existence of efficient, innovative and creative energy and resources industries. These in turn rely on individuals who possess a sound grasp of their legal, economic, technical and policy backgrounds.

The CEPMLP is at the heart of these issues and provides the best in advanced education in its field, preparing its graduates to meet the challenges posed by the evolving global economy.

Throughout its history, the CEPMLP has achieved continuous growth and has established international pre-eminence in its core activities: scholarly performance, high level academic research, strategic consultancy and top-quality executive education. Currently, we have over 500 registered postgraduate students from more than 50 countries world-wide.

Samuel Kiyingi

The degree programme provides a sound grasp and understanding of the skills employed in analysing the economic and policy issues associated with the international petroleum industry, given the evolving global economy.

Uganda

Samuel Kiyingi
Energy Studies with Specialisation in Energy Economics MSc
Uganda

Dugald Hammerslacht

There was a great mix of students. Interaction with other international students as well as locals imparted a great understanding of different cultures, schools of thought and application of knowledge.

My MSc contributed to me being employed as the first Petroleum Economist at our national petroleum company (NAMCOR), being the only person specialised in the field at that time.

Dugald Hammerslacht
Energy Studies with Specialisation in Energy Economics MSc

All modules are heavily contextualised and draw on the wide global network of expert staff in delivering a cutting edge programme of the highest quality and relevance to students.

This programme is designed for graduates with a good first degree, who aspire to work in the Energy sector and who have a particular interest in Oil & Gas or related sectors. To gain admission to the MSc Energy Studies programme, students are expected to hold a good honours degree or equivalent.

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.

Teaching Excellence Framework (TEF)

The University of Dundee has been given a Gold award – the highest possible rating – in the 2017 Teaching Excellence Framework (TEF).

Read more about the Teaching Excellence Framework

TEF Gold - Teaching Excellence Framework

How you will be taught

The intended learning outcomes of the programme are as follows:

Knowledge & Understanding
Knowledge of the main economic tools available for analysing the international energy industry.
An understanding of the key policy issues relating to the exploitation, trade, processing and consumption of energy.

Applied Knowledge and Understanding
The ability to:
Use economic analysis to understand issues in the international energy industry.
Explain to others what forces are driving the international energy industry, market and players.
Provide an informed opinion on approaches and strategies in the international energy sector.

Generic Cognitive skills
The ability to:
Critically review information and critically analyse issues relating to the international energy sector, informed by developments at the forefront of the subject.

Communication, IT & numeracy skills
The ability to:
Communicate in writing complex ideas concisely and clearly.

Autonomy, accountability & working with others
The ability to:
Exercise autonomy and initiative in the identification and addressing of problems and issues in the field of study.
Work with others and to demonstrate leadership in addressing complex issues in the field of study.

How you will be assessed

Each course is assessed by a combination of examinations and a research paper.

 

What you will study

Our MSc is made up of a total of 180 credits

Core Modules

The following modules must be completed (60 Credits)

Credit rating: 20

The aims of the module are to introduce the economic principles relevant for the energy sector, and to provide an overview of the tools typically used in performing economic analysis on the energy sector. The intended learning outcomes of the module are an understanding of the essential concepts and frameworks central to the operation and expansion of the energy sector, their economic implications, and the basic economic tools for analysing them. The module is designed for an interdisciplinary audience. It is delivered through lectures, computer laboratory work, and virtual direction. It is assessed through class participation, a research paper, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.

Credit rating: 20

The aims of the module are to introduce the economic principles relevant for the energy sector, and to highlight some of the most challenging economic issues facing the global energy complex. The intended learning outcome of the module is an understanding of how economic analysis informs the national and international debates on energy sector issues, and how economics research affects energy sector decisions made by industry or government. The module is designed for an interdisciplinary audience. It is delivered through lectures and virtual direction. It is assessed through class participation, a research paper, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.

Credit rating: 20

The main objective of this course is to equip students with a basic understanding of statistical concepts, quantitative methods and econometric tools utilized in analysing energy markets. The module will give an introductory overview and practical applications of statistical theories and quantitative methods utilized in analysing energy markets and industry.

Core Specialist

A minimum of 40 credits from

Credit rating: 20

The aim of this module is to equip students with the economic, technical, and institutional knowledge for understanding the working of the international petroleum industry and to develop students’ capacity in analyzing the economic and policy problems associated with international oil and gas markets. The module is organized along the petroleum product value chain, such as exploration and development, production, refining and marketing, and natural gas monetization. By completing this module, students should have the knowledge and understanding of demand, supply and price dynamics of oil, gas and refined petroleum products and the skills to analyze trends and issues in oil and gas markets and to evaluate petroleum projects, contracts, and policies. The module is designed for an interdisciplinary audience and will not require a background in economics.

Credit rating: 20

This main aim of the module is to introduce students to the rational for and methods of economic regulation in energy and infrastructure industries, such as the rate-of-return regulation, price-cap regulation and franchise bidding; the issues related to regulation and deregulation; and the reasons for and pathways of restructuring of energy industries. It draws upon recent theoretical and empirical advances in public economics and industrial organization, and is intended to provide students with an analytical framework for regulatory and public policy analysis and a rigorous foundation for further study.

Credit rating: 20

The aim of this module is to:

  • To develop an understanding of renewable energy resources and the numerous technologies that converts it into useful forms.
  • To develop an understanding of the economic issues of renewable energy research, development and deployment at both private and commercial scale.
  • To develop an understanding of government and industry policies to encourage the deployment of renewable energy production and use.

Credit rating: 20

The aims of the module are to convey an economic and institutional knowledge of the electric power sector, and to develop the capacity for analysing the economic and policy issues of the electric power sector. The intended learning outcomes of the module are an understanding of the workings of the electric power industry and its economic fundamentals; and the skills to evaluate power system resources and their implications for competition or regulation. The module is designed for an interdisciplinary audience. It is delivered through lectures, problem sets, and virtual direction. It is assessed through the problem sets, an essay, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.

Compulsory Choice Modules

40 credits from

Credit rating: 20

The project report contributes to the achievement of the aims of the Masters degree, by:

  • promoting a deep and critical understanding of specific issues to the specialisation of the student;
  • developing originality of thought and the skills of research, analysis, argumentation and expression;
  • building upon, developing and integrating the knowledge and skills acquired in taught modules.

The project report should be approximately 8000 words.

Credit rating: 20

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.

Students who choose this option 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.

The internship requires an intellectual repor of approximately 5000 words.

Elective Modules

Sufficient modules from the academic timetable to bring the total number of credits to 180.

In common with other CEPMLP MSc degrees, any approved module can be included in the elective modules.

What sort of jobs do alumni of CEPMLP go on to do?

The answer is a wide range of varied roles. It is important to be aware that as with any job it depends upon your level of experience and skills set as to whether the role would be suitable for you, there is no one size fits all.

Past alumni have found employment with a variety of organisations including National Oil Companies, Exploration and Production Companies, Government and Ministries and Commercial Organisations including Banks, Law Firms and Global Consultancies.

You should have a good 4-year degree, equivalent to a UK honours degree, preferably at upper 2nd class level or above. Candidates holding the equivalent of a good 2nd class lower degree may also apply. You must provide degree certificates and academic transcripts with your application. Preferred degree disciplines are Law, Economics, Geology, Petroleum or Mining Engineering, Finance. Work experience in the energy/natural resources industry is an advantage, though it is not a strict requirement for admission to the MSc.

 EU and International qualifications


English Language Requirement

IELTS Overall 6.5
Listening 6.0
Reading 6.0
Writing 6.0
Speaking 6.0

 Equivalent grades from other test providers

 

English Language Programmes

We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.

 Discover our English Language Programmes

The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.

 Find out more about fee status

Fee statusFees for students starting 2017-18
Scottish and EU students £17,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £17,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £17,950 per year of study
See our scholarships for international applicants
Fee statusFees for students starting 2018-19
Scottish and EU students £19,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £19,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £19,950 per year of study
See our scholarships for international applicants

You apply for this course via the UCAS Postgraduate (UKPASS) website which is free of charge. You can check the progress of your application online and you can also make multiple applications.

You'll need to upload relevant documents as part of your application. Please read the How to Apply page before you apply to find out about what you'll need.

  Degree Course Code
Apply NowEnergy Studies with Specialisation in Energy Economics MScP037339

Course Contact

Dr Anita Schiller
Centre for Energy, Petroleum and Mineral Law and Policy
a.schiller@dundee.ac.uk
+44 (0)1382 388384

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