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Last modified: 16 Aug 2021 13:49

Course Overview

This course will build on the skills introduced in the first semester Quantitative Methods and develop skills in applying a variety of empirical methods taught across the programme to issues in energy.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
  • Dr Xin Jin

What courses & programmes must have been taken before this course?

  • One of MRes Applied Economics (Studied) or MSc Applied Economics (Studied) or MSc (Econ) in Petroleum, Energy Economics and Finance (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?


What courses cannot be taken with this course?

Are there a limited number of places available?


Course Description

This course will consider the application of a range of empirical methods. For each method, any required background to the method will be discussed, and the practical application of the technique to a case introduced. Applications may include: 1. Applying Investment Appraisal Methods: Developing a Spreadhseet Model, Sensitivity Analysis, Monte Carlo Simulation 2. Modelling Retail-Wholesale Price Margins in Energy Markets: The Impact of Market Structure; Econometric analysis of Retail-Wholesale Data 3. Modelling Energy Demand; Theory and Model specification; Econometric Issues 4. Modelling the Economics of a Fuel Mandate; Formulating a simple model of the market; Counter-factual analysis 5. Industry Analysis; Structure, Performance, Conduct; Testing the evidence

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Seminar during University weeks 26 - 35
  • 1 Tutorial during University weeks 27 - 35
  • 1 Workshop during University weeks 27 - 35

More Information about Week Numbers

In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

2 x 1500 word structured assignments based on data sets - each weighted 50% (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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