Course summary
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. 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. The University of Aberdeen is a global leader in energy and economics education, with teaching and research excellence spanning decades. Our MSc Energy Economics and Finance builds on the Business School’s strong expertise and incorporates valuable industry input through direct engagement with multinational corporations, government agencies, and professional practitioners. With a renowned energy economist, Professor Alexander Kemp OBE actively teaching on the programme, students gain insights from world-leading expertise This MSc programme is designed for energy professionals looking for a recognised path to career progression, or for anyone keen to understand the energy industry, how decisions are taken, and policies made. Students develop the ability to evaluate market trends, energy policies, and investment decisions in a dynamic global context. The University’s Business School is home to research centres such as the Scottish Experimental Economics Laboratory (SEEL), the Centre for Labour Market Research (CeLMR), and the Aberdeen Centre for Research in Energy Economics and Finance (ACREEF). Strong links with industry and government bodies provide unique opportunities for practical learning and impactful research. Graduates have gone on to work with organisations such as the Scottish Government, BP, and Total, leveraging their expertise to shape the future of the energy sector.
Modules
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. You will also explore key contemporary issues in energy economics. 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. For part-time students, a flexible structure allows course selection over two years, balancing study with professional commitments.
Assessment method
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.
How to apply
International applicants
When you are thinking about studying overseas, it is important that you understand all the costs involved and budget accordingly. It is essential to budget for your studies prior to leaving your home country and to arrange all your funding for BOTH your tuition fees and your living costs, i.e. accommodation, food, books, entertainment, clothing, phone bills, local travel and laundry. These expenses will vary depending on your lifestyle and spending habits. In addition, it is important to check all immigration requirements regularly and before travelling, as they can change. Students without the necessary visa will be refused entry to the UK. You should allow plenty of time to organise your visa and ensure you are aware of all your responsibilities under the terms and conditions of your visa. Please note that the advice provided via the University is the Student Visa category of the UK's Points Based Immigration Scheme. For further information, please visit the United Kingdom Visas and Immigration (UKVI) website: www.gov.uk/government/organisations/uk-visas-and-immigration.
Entry requirements
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
| Test | Grade | Additional details |
|---|---|---|
| IELTS (Academic) | 6.5 | Overall - 6.5 with: Listening - 5.5 or above; Reading - 6.0 or above; Speaking - 5.5 or above; Writing - 6.0 or above. IELTS Indicator or IELTS General Training are not accepted. |
| TOEFL (iBT) | 90 | TOEFL iBT and TOEFL iBT Home Edition: Overall - 90 with: Listening - 17 or above; Reading - 21 or above; Speaking - 20 or above; Writing - 21 or above. DI code is 0818 |
| PTE Academic | 62 | Overall - 62 with: Listening - 59 or above; Reading - 59 or above; Speaking - 59 or above; Writing - 59 or above. Online test is not accepted. |
| Institution's Own Test | Academic English Pre-sessional Programme (PSE) - Pass (valid for 1 year). Academic English Preparation Programme undertaken at other UK HEI - accredited by BALEAP and within 1 year of start of course. | |
| Cambridge English Advanced | C | Overall - 176 with: Listening - 162 or above; Reading - 162 or above; Speaking - 162 or above; Writing - 169 or above. |
To study for a postgraduate degree at the University of Aberdeen it is essential that you can speak, understand, read, and write academic English fluently. These skills will allow you to understand lectures, produce high standards of written work, and perform well in examinations. We can assess your English language proficiency through a variety of means: through your nationality, through the qualifications you gained in high school, through the degree you undertook or are undertaking at university, or through a recognised English language test. Postgraduate Higher requirements are used by the Schools of Business; Divinity, History and Philosophy; Education; Language, Literature, Music and Visual Culture; Law; and Social Sciences. The MSc in Oil and Gas Enterprise Management and the MSc in Integrated Petroleum Geoscience also make use of the Postgraduate Higher requirements. Please note certification must be within the two years prior to commencement of your degree programme, unless otherwise stated.
Please use the checklist at the following webpage to determine how you can meet our English language requirements:
https://www.abdn.ac.uk/study/international/requirements-pg-266.php
Fees and funding
Tuition fees
| Republic of Ireland | £11900 | Year 1 |
| EU | £26250 | Year 1 |
| England | £11900 | Year 1 |
| Northern Ireland | £11900 | Year 1 |
| Scotland | £11900 | Year 1 |
| Wales | £11900 | Year 1 |
| Channel Islands | £11900 | Year 1 |
| International | £26250 | Year 1 |
Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .
Additional fee information
Tuition fees given are at the full-time rate. The part-time fee rate for taught postgraduate programmes is 50% of the relevant full-time fee rate.
Sponsorship information
Eligible self-funded international Masters students will receive the Aberdeen Global Scholarship. Visit our Funding Database to find out more and see our full range of scholarships: www.abdn.ac.uk/study/funding/. The University of Aberdeen provides an Alumni Discount Scheme: 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.
Provider information
University of Aberdeen
Directorate of Global Engagement, Marketing and Recruitment
King's College
Aberdeen
AB24 3FX