Course summary
Learn to analyse and understand world energy markets. From oil and gas to renewables, prepare for career success with our expert economists on this flexible degree you can study part-time. Join our online MSc in Energy Economics and Finance and train in the economic principles that businesses and governments use to understand world energy markets. You’ll graduate ready to work as an economist or consultant within the energy industry, government or the third sector. You’ll learn how economics and finance techniques are used to guide decision-making in the industry. And you’ll explore how the industry works. Studying with our expert team of economists and energy industry partners, you’ll cover:
- the drivers of energy demand and supply
- how the energy sector makes investment decisions
- how governments design and implement energy and environmental policies
- how to gather, use and analyse energy data.
Modules
MSc Energy Economics and Finance is delivered flexibly, 100% online. Your teaching is delivered through MyAberdeen, our online Virtual Learning Environment (VLE). It holds all the materials, tools and support you’ll need in your studies. You’ll learn from a team of academic experts from the University of Aberdeen Business School. 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). All your tutors are members of ACREEF, and are active in research and teaching across energy economics. As well as interacting with leading researchers in the field, you’ll benefit from direct input from our significant range of energy industry partners.
Assessment method
This degree is assessed entirely online via methods including: online quizzes; a written online assessment at the end of each course; and, your participation in live online forums and webinars (worth 5% of your final grade).
How to apply
International applicants
Our distance learning MSc Energy Economics and Finance is delivered flexibly online. You can learn with us anywhere, with no need for a study visa, and set your own study hours to suit you.
Entry requirements
The minimum entry requirements for this degree are: a relevant honours degree with a 2:2 or above. You’re also welcome to apply if you have: other relevant qualifications, and professional experience with supportive references.
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
| EU | £18210 | Whole course |
| International | £18210 | Whole course |
| England | £18210 | Whole course |
| Northern Ireland | £18210 | Whole course |
| Scotland | £18210 | Whole course |
| Wales | £18210 | Whole course |
| Channel Islands | £18210 | Whole course |
| Republic of Ireland | £18210 | Whole course |
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
This indicative cost is based on 180 credits of study over three years, starting in September 2024. The fee quoted above is based on you starting your studies with us in the 2024/25 academic year. We have confirmed that our fees will rise by 5% for the 2025/26 academic year. Our indicative cost includes a 5% fee rise each year.
This is a pay-as-you-go degree. You do not have to pay the full tuition fee upfront. You can spread the cost and pay as you go, term by term. You decide how many credits to study for each term. At the start of term, you pay only for the credits you’re taking that term. This gives you control over your costs and workload for each term of your degree.
Sponsorship information
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