Energy, Economics and Finance, MScEcon

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.

The University of Aberdeen is a leader in teaching and research in the field of economics and this programme builds on our considerable strengths in these areas. The Business School is home to 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). There are especially strong links between the Economics Department and Health Economics Research Unit, one of the leading centres in health economics in Europe.

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 Location  
MScEcon 12 months On Campus Learning Full Time September Aberdeen More

Energy Economics and Finance.

Qualification Duration Learning Mode Study Mode Start Month Location  
MScEcon 24 months On Campus Learning Part Time September Aberdeen More

Programme 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?

  • The University of Aberdeen was ranked 12th in the UK in the Guardian University Guide 2025 and 15th in the Times and Sunday Times Good University Guide 2025
  • 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
  • With a community of over 130 nationalities at the University of Aberdeen, students are immersed in an environment that enables international discourse creating truly global exchanges, generating deep insights that stimulate innovative change

What Our Students Say

Avendri Simatupang

Avendri Simatupang

Avendri Simatupang

I chose Aberdeen because it is related to my current job as a Corporate Banking Analyst in the petroleum and mining sector. The program offers an intriguing curriculum that not only focuses on theory but also provides practical learning opportunities

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 2025

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).

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

Image for useful fact about this Subject

Study Energy With Alex Kemp OBE

World expert Professor Alexander Kemp OBE is actively teaching on this programme, he wrote the Energy Economics 'rulebook'. Think what you could learn from him.

Our Experts

You will be taught by and have access to a number of experts, many of whom are internationally renowned within their respective fields. These will include members of 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)

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

The University of Aberdeen, established in 1495, is Scotland’s third oldest and the UK’s fifth oldest University. The university’s ancient campus reflects its long-standing academic tradition, with historic buildings such as King's College, which dates back to the 15th century. This blend of ancient architecture and modern facilities creates a unique atmosphere where students can experience the best of both tradition and innovation.

Image for Sir Duncan Rice Library
Sir Duncan Rice Library

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 more
Image for Aberdeen City
Aberdeen City

Aberdeen City

Named Scotland's Safest University City (Unbroken Britain Survey, Provident Financial, 2018) and is in the top 10 in the UK for places to live and work (PricewaterhouseCoopers, 2018).

Image for Affordability
Affordability

Affordability

Aberdeen has been named the cheapest place for students to rent private accommodation in the UK. In 2024, StuRents reports that the average price of a student private rental property in the Granite City was just over £96 a week.

Get in Touch

Contact Details

Address
Business School
University of Aberdeen
MacRobert Building
King Street
Aberdeen
AB24 3FX