Program Overview

Energy Economics and Finance, MScEcon

Introduction

The MSc Energy Economics and Finance is a programme both intellectually challenging and provides the career-ready credentials that are essential to increase your appeal with employers within an energy economics context.

Study Information

At a Glance

• Learning Mode: On Campus Learning
• Degree Qualification: MScEcon
• Duration: 12 months
• Study Mode: Full Time
• Start Month: September
• Location of Study: Aberdeen

The MSc Energy Economics and Finance is an intellectually challenging programme that equips students with the analytical skills and industry knowledge needed to thrive in the energy sector.

What You'll Study

Semester 1. Semester 1

• Compulsory Courses:
  • Economic Analysis (BU5033)
  • Quantitative Methods (BU5025)
  • Investment and Real Options Analysis for Energy (BU505J)
  • Contemporary Issues in Energy Economics (BU505G)

2. Semester 2

• Compulsory Courses:
  • Internationalisation (BU5579)
  • Empirical Methods in Finance Research (BU5565)
  • Economics of Energy Transition (BU555H)
  • Resource Rent and Energy Policy (BU555E)

3. Semester 3

• Compulsory Courses:
  • Dissertation in Energy Economics and Finance (BU595P)

Funding Opportunities

• The University of Aberdeen is very pleased to offer a 20% discount on postgraduate tuition fees for all alumni who have graduated with a degree from the University of Aberdeen.
• NEO Energy, an independent full-cycle energy business in the UKCS, are offering two postgraduate scholarships in a variety of Masters programmes related to the energy transition.
• TotalEnergies E&P UK plc. are offering two scholarships in Masters programmes related to the energy transition.

Scholarships

• All eligible self-funded international Postgraduate Masters students starting in September 2025 will receive an £8,000 scholarship.

Related Programmes

• Energy Economics and Law

How You'll Study

• In the first semester of this one-year MSc, you will develop essential analytical skills, study the fundamental micro and macroeconomic modelling techniques, and spend time understanding the critical aspects of financial analysis.
• In the second semester, the focus shifts to energy policy, the economics of energy transition, and internationalisation, equipping you with advanced insights into global energy markets.
• During the summer term, you will complete a dissertation on a key topic in energy economics and finance, applying your knowledge to real-world industry challenges.

Learning Methods

• Individual Projects
• Lectures
• Research
• Seminars
• Tutorials

Assessment Methods

• You’ll attend a variety of stimulating lectures, seminars and tutorials, with your skills and competency assessed by a mix of presentations, traditional exams, essays and projects.

Why Study Energy Economics and Finance?

• Specialist Industry Focus: The programme is highly specialised in energy markets, finance, and policy.
• Strong Quantitative and Analytical Training: Students develop energy market analysis skills, project evaluation expertise, and economic forecasting abilities.
• Led by Renowned Experts: The programme benefits from the leadership of Professor Alexander Kemp OBE, a globally recognised energy economist.
• Applied Learning & Industry Integration: The curriculum incorporates real-world case studies, industry guest lectures, and dissertation opportunities with major energy firms and government bodies.
• Excellent Career Prospects: Graduates secure roles in government, consultancy, and major energy firms in areas such as energy policy and regulation, financial analysis, and market research.

Careers

• If you’re a professional already working in the energy sector, this degree provides a strong route to career progression.
• You’ll graduate ready to take up roles including:
  • Commercial Analyst
  • Economist
  • Energy and Business Consultant
  • Market Analyst
  • Oil and Gas Associates
  • Project Manager
  • Strategy Analyst

Industry Links

• Your tutors include Professor Alex Kemp, OBE. A Professor of Energy Economics, Alex is also Director of the internationally recognised Aberdeen Centre for Research in Energy Economics and Finance (ACREEF).

Accreditation

• The Business School is EQUIS accredited, placing it among a select group of globally recognised institutions.

Entry Requirements

• Qualifications: Our minimum entry requirement for this programme is an undergraduate degree at UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth).
• English Language Requirements: To study for a Postgraduate Taught degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently.

Document Requirements

• You will be required to supply the following documentation with your application as proof you meet the entry requirements of this degree programme:
  • Degree Transcript
  • Personal Statement

International Applicants

• Additional details for international applicants, including information specific to your country or territory, are available here.