A course for economists and non-economists who want to understand the economics of the international petroleum and energy industries.
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.
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.
The best thing about Energy Studies with specialisation in Energy and Environment, is that it has helped me in appreciating the interaction between the Energy sector and the Environment, both from the Economics, Law and Policy perspective. This I believe is important in order to achieve a balance.
For me living in Dundee as a student has been just perfect, it is a city with less hustle and bustle yet has a whole range of amazing sights and home to large number of different nationalities.
Energy Studies with Specialisation in Energy and the Environment MSc
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).
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
The following modules must be completed (60 Credits)
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.
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.
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.
A minimum of 40 credits from
This interdisciplinary course challenges students to think about the global challenges that our society faces in our energy sectors and to our climate. As there is a realization that there are significant problems to be resolved, this course examines the policy initiatives and issues of conflict around the world. There is increased legal action on many energy and climate issues globally, and this is one of the world’s first courses examine this area with an interdisciplinary approach covering science, policy and law.
Indicative Topics covered:
- Energy & Climate Science: The Basics
- Worldwide Energy & Climate Policy Initiatives
- Ethics and Accountability in the Energy Sector
- Accountancy Practices, Taxation and CSR
- Modern Slavery Act, FCPA, Bribery and Corruption Act
- EIAs and Equator Principles (International Finance)
- Ethical Investments, SWFs
- Business & Human Rights (IBA)
- Energy & Climate Litigation (local, national, and international)
The just transition to a low-carbon economy is the greatest societal challenge of our time. As societies worldwide work towards 2030, 2040, and 2050 energy, climate and sustainability goals there is a need to ensure these are achieved in a ‘just’ way. Society in future has to be fair and equitable and also one where inequalities are addressed and resolved. This interdisciplinary course covers all of these complex challenges as countries worldwide aim to achieve a just transition to a low-carbon economy.
Indicative Topics covered:
- What is the Just Transition
- The Value of a Just Transition
- The Role of Energy in the World Economy
- A Changing Commercial Sector & Sustainability
- An Energy Transition till 2100
- Policy Development for a Just Transition
- Industry Case Studies
- Enforcing a ‘Just’ Transition
- Key Actions & Scenario Planning
- Emerging practices in achieving a the low-carbon economy
The course deals with selected issues central to understanding international and national environmental policy and law related to production and consumption of natural resources and power generation. It addresses, in particular, environmental problems arising in connection with production and transportation of petroleum (both on-land and offshore), mining activities, use of nuclear energy, including production of uranium and disposal of radioactive wastes, and use of fossil fuels, including transboundary air pollution and global climate effects. A special emphasis is placed on the solutions for environmental problems provided by various national regulatory systems, in particular British and North American.
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.
The objective of the module is to enhance students" understanding of the interplay of climate change politics at the international and domestic levels. Employing the Two-Levels game theory as an analytical framework, the module, on the one hand, attempts to reveal the power struggles between the major powers under the Kyoto Protocol, together with the flawed Kyoto system. On the other hand, it looks into domestic factors of the major CO2 emitters, in order to explain the difficult choices facing their leaderships, and the complexity involved in climate change governance.
The aim of this module is to ground students in the principles of sustainability and sustainable development, to explore the linkages between theory and practice, and examine how more sustainable futures can be achieved in practice.
The educational aims are to provide an overview of sustainability principles within an international context – including key theories, concepts and appreciation of the contested nature of discourses in this area; develop critical interdisciplinary skills enabling linkages to be made across disciplinary boundaries and professional sectors and to emphasise the cross-cutting nature of sustainability issues and develop skills to examine how individuals and society move towards more sustainable practices.
This module aims to develop your understanding of the policy context and competence in the application of instruments of assessment within UK/Scottish spatial planning context.
You will acquire a critical understanding of the legislative obligations imposed on public policy makers with respect to environmental assessment, with a particular focus on Environmental Impact Assessment and Strategic Environmental Assessment.
This is intended to lead to a critical understanding of how such tools are applied and their use in shaping development proposals, policies, plans and programmes.
Compulsory Choice Modules
20 credits from
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.
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 1-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 report of approximately 5000 words.
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.
English Language Requirement
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.
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.
|Fee status||Fees for students starting academic year 2019-20|
|Scottish and EU students||£10,950 per year of study
See our scholarships for UK/EU applicants
|Rest of UK students||£10,950 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
You may incur additional costs in the course of your education at the University over and above tuition fees in an academic year.
Examples of additional costs:
|One off cost||Ongoing cost||Incidental cost|
|Graduation fee||Studio fee||Field trips|
*these are examples only and are not exhaustive.
- may be mandatory or optional expenses
- may be one off, ongoing or incidental charges and certain costs may be payable annually for each year of your programme of study
- vary depending on your programme of study
- are payable by you and are non-refundable and non-transferable
Unfortunately, failure to pay additional costs may result in limitations on your student experience.
For additional costs specific to your course please speak to our Enquiry Team.
You apply for this course through our Direct Application System, which is free of charge. You can find out more information about making your application when you click Apply Now below
|Apply now||International Energy Studies and the Environment MSc||P037338|
Dr Rafael Macatangay
Centre for Energy, Petroleum and Mineral Law and Policy
+44 (0)1382 386798
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