University of Aberdeen

University of Aberdeen

Petroleum, Energy Economics and Finance

This programme combines the disciplined study of economic principles with a deep understanding of the dynamic, constantly evolving energy industry. In the 1st semester, students will become fully versed with the key micro and macroeconomic modelling techniques. And to make financial sense of the data, students will spend time understanding the critical aspects of financial analysis. Students will be given you thorough grounding in corporate finance and the statistical and quantitative methods used across economics and finance. They will also 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. Semester 2 will increase strategic thinking (game theory) using its concepts to demonstrate how businesses interact strategically, globally. Students will develop their individual analytical skills and judgement surrounding energy industry investment decisions having to be made in an uncertain world. During the summer term, students will undertake a dissertation project from a range of possible key topics in the petroleum and energy industries. The programme incorporates significant input from the Energy industry. The University brings together a range of visiting speakers from leading names such as Wood MacKenzie and ConocoPhillips to discuss curriculum topics so students benefit from professional insights into contemporary issues.

Entry requirements

Normally at least an upper 2nd Class Honours degree or equivalent in any discipline with either a significant quantitative component or some component of either economics or finance. For candidates who do not meet normal admission requirements a GMAT test may be requested. To perform well, students joining must have already developed analytical skills to a certain level. Applicants who have been educated in the medium of English are still required to meet the English language requirements (certain countries may be exempted from this requirement). This programme requires that applicants meet the 'Postgraduate Standard' level of English proficiency. Applicants who are in doubt about their proficiency in English should contact the British Council office or its equivalent in their country. For applicants whose 1st language is not English, it is important that their proficiency in English is good in order for them to study successfully at the University.

Course modules

Semester 1: economic analysis; accounting; introduction to corporate finance; quantitative methods; introduction to energy and petroleum economics. Semester 2: business strategy; real options and decision making; issues in energy and petroleum economics; empirical methods in energy economics. Summer term: dissertation.

Assessment methods

Assessment is a combination of in-course assessments, examinations plus the summer term dissertation.

Sponsorship information

There are various sources of funding to support you during your period of study. We have a number of scholarships and bursaries available to our students, and external sources of funding available.


Qualification Study mode Start month Fee Course duration
MSc (Econ) Full-time September 2016 GBP 7,100 per Year 1 (EU) 12 months
MSc (Econ) Full-time September 2016 GBP 7,100 per Year 1 (England) 12 months
MSc (Econ) Full-time September 2016 GBP 17,200 per Year 1 (International) 12 months
MSc (Econ) Full-time September 2016 GBP 7,100 per Year 1 (Northern Ireland) 12 months
MSc (Econ) Full-time September 2016 GBP 7,100 per Year 1 (Scotland) 12 months
MSc (Econ) Full-time September 2016 GBP 7,100 per Year 1 (Wales) 12 months

Campus details

Campus name Town Postcode Region Main campus Campus Partner
King's Campus Aberdeen AB24 3FX Scotland

Get in touch

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Key information

Co-ordinator Graduate Programmes, Graduate Business School
Telephone number: 
01224 273235