Avendri Simatupang
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
Study Options
- Learning Mode
- On Campus Learning
- Degree Qualification
- MScEcon
- Duration
- 12 months or 24 months
- Study Mode
- Full Time or Part Time
- Start Month
- September
- Location of Study
- Aberdeen
The University of Aberdeen is an established leader in teaching and research in the fields of energy and economics. Our MSc Energy, Economics and Finance builds on the Business School’s considerable strength in these fields. The programme incorporates significant input from the energy industry via active engagement with professional practice, multi-nationals and government agencies. With a recognised world expert in Energy Economics, Professor Alexander Kemp OBE, actively teaching on the programme.
The MSc Energy, Economics and Finance is for anyone keen to understand the energy industry, how decisions are taken, and policies made. It’s designed for energy professionals looking for a recognised path to career progression, or for anyone who wants to begin a successful career in the energy industry.
Our Business School is home to two very relevant and internationally recognised research centres: the Aberdeen Centre for Research in Energy Economics and Finance and the Scottish Experimental Economic Laboratory. Former students have worked with organisations such as the Scottish Government, BP and Total to create their dissertations.
Available Programmes of Study
- MScEcon
-
Energy, Economics and Finance
Qualification Duration Learning Mode Study Mode Start Month LocationMScEcon 12 months On Campus Learning Full Time September Aberdeen MoreEnergy Economics and Finance.
Qualification Duration Learning Mode Study Mode Start Month LocationMScEcon 24 months On Campus Learning Part Time September Aberdeen MoreProgramme Fees
Fee information Fee category Cost EU / International students £26,250 Tuition Fees for 2025/26 Academic Year UK £11,900 Tuition Fees for 2024/25 Academic Year
We will endeavour to make all course options available. However, these may be subject to change - see our Student Terms and Conditions page.
Fee Information
Additional Fee Information
- Fees for individual programmes can be viewed in the Programmes section above.
- In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
- For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our Tuition Fees page.
Funding Opportunities
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. More Information can be found here.
Scholarships
Self-funded international students enrolling on Postgraduate Taught (PGT) programmes for January 2025 will receive one of our Aberdeen Global Scholarships, ranging from £3,000 to £8,000, depending on your domicile country. Learn more about these Aberdeen Global Scholarships here.
From September 2025 all eligible self-funded international Postgraduate Masters students will receive an £8,000 scholarship. Learn more about this Aberdeen Global Scholarship here.
To see our full range of scholarships, visit our Funding Database.
How You'll Study
In the first semester of this one-year MSc, you will study key micro and macroeconomic modelling techniques and spend time understanding the critical aspects of financial analysis. You’ll also gain an in-depth understanding of energy and petroleum economics and explore issues such as global warming and renewables in an economic context. In the second semester, the focus is on strategic thinking using game theory to develop your analytical skills and investment decision-making. During summer term, you will complete a dissertation focused on a key topic in the energy industries.
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?
- Ranked 13th in the UK for Economics in the Guardian University Guide 2025
- Gain a strong foundation in the disciplined study of economic principles with a deep understanding of the dynamic, constantly evolving energy industry Learn about key micro and macroeconomic modelling techniques and advanced quantitative techniques so you can enter a range of energy sectors and apply theory to practice
- Access to cutting edge industry calibre information - we are home to two highly-rated relevant research centres – Aberdeen Centre for research in energy economics and Finance (ACREEF) and the Scottish Experimental Economic Laboratory (SEEL) Learn from world leading experts to give you an unrivalled experience
- Students will gain an in-depth understanding of energy and petroleum economics and explore issues like the Hotelling model and oil price behaviour, the role of OPEC and the issues of global warming and renewables in an economic context
What Our Students Say
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Entry Requirements
Qualifications
The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.
The minimum entry requirement for this programme is a degree at 2:2 (lower second class) UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth), with a strong background in quantitative methods.
If you have a GMAT score, please provide that information, as this will enhance your application. We may use GMAT as a condition of offer in some cases.
Please enter your country to view country-specific entry requirements.
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. The minimum requirements for this degree are as follows:
IELTS Academic:
OVERALL - 6.5 with: Listening - 5.5; Reading - 6.0; Speaking - 5.5; Writing - 6.0
TOEFL iBT:
OVERALL - 90 with: Listening - 17; Reading - 21; Speaking - 20; Writing - 21
PTE Academic:
OVERALL - 62 with: Listening - 59; Reading - 59; Speaking - 59; Writing - 59
Cambridge English B2 First, C1 Advanced or C2 Proficiency:
OVERALL - 176 with: Listening - 162; Reading - 169; Speaking - 162; Writing - 169
Read more about specific English Language requirements here.
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. If you have not yet completed your current programme of study, then you can still apply and you can provide your Degree Certificate at a later date.
- Degree Transcript
- a full transcript showing all the subjects you studied and the marks you have achieved in your degree(s) (original & official English translation)
- Personal Statement
- a detailed personal statement explaining your motivation for this particular programme
Aberdeen Global Scholarship
Eligible self-funded Postgraduate Taught (PGT) students will receive the Aberdeen Global Scholarship. Explore our Global Scholarships, including eligibility details, on our dedicated pages.
January 2025 September 2025Careers
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).
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.
Accreditation
The Business School is EQUIS accredited, placing it among a select group of globally recognised institutions. Out of over 15,000 business schools worldwide, only around 200 schools across 45 countries have attained this distinction.
This degree holds accreditation from
Our Experts
- Other Expert
- Prachi Singh, The University of Aberdeen
- Programme Leader
- Dr Hossein Radmard, The University of Aberdeen
Information About Staff Changes
You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. However, these may be subject to change - see our Student Terms and Conditions page.
Facilities
Aberdeen Centre for Research in Energy Economics and Finance (ACREEF)
ACREEF provides a focus for the identification and implementation of high quality research in the areas of energy economics and finance.
Find out moreScottish Experimental Economic Laboratory
This state-of-the-art experimental lab has been the focus of academic excellence, and has been used to enhance our understanding of how markets work and how individuals make decisions.
Find out more
Sir Duncan Rice Library
The University’s award winning Sir Duncan Rice Library is listed in the “Top 20 spellbinding University libraries in the World”. It contains over a million volumes, more than 300,000 e-books and 21,000 journals.
Find out moreGet in Touch
Contact Details
- Address
-
Business School
University of Aberdeen
MacRobert Building
King Street
Aberdeen
AB24 3FX