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.
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, ranked 13th in the UK for Economics in the Guardian University Guide 2025
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 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
All eligible self-funded international Postgraduate Masters students starting in September 2025 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?
Specialist Industry Focus:
The programme is highly specialised in energy markets, finance, and policy. It covers investment analysis, decommissioning, just transition, and energy transition—all critical in today's sector. The corporate finance applications make it ideal for careers in energy investment and financial analysis.
Strong Quantitative and Analytical Training:
Students develop energy market analysis skills, project evaluation expertise, and economic forecasting abilities. Courses in Advanced Data Analysis and Resource Rent & Energy Policy prepare graduates to handle complex economic modelling in the energy sector.
Led by Renowned Experts:
The programme benefits from the leadership of Professor Alexander Kemp OBE, a globally recognised energy economist, providing students with valuable credibility and networking opportunities.
Applied Learning & Industry Integration:
The curriculum incorporates real-world case studies, industry guest lectures, and dissertation opportunities with major energy firms and government bodies. We offer exclusive workshops on topics like Joint Venture Contracts (delivered by industry experts) and Gas in the Energy Transition (led by a former BP Senior VP).
Excellent Career Prospects:
Graduates secure roles in government, consultancy, and major energy firms in areas such as energy policy and regulation, financial analysis, and market research. Alumni have completed dissertation projects with Total, BP, and the Scottish Government.
Strategic Location & Industry Connections:
As Europe's Energy Capital, Aberdeen offers unparalleled networking opportunities. The University hosts the Aberdeen Centre for Research in Energy Economics and Finance (ACREEF) and the Aberdeen University Centre for Energy Law (AUCEL), providing students access to leading academics, industry reports, and policy insights.
What Our Students Say
Bright Sarfo
Entry Requirements
Qualifications
The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.
Our minimum entry requirement for this programme is an undergraduate degree at UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth).
Please enter your country or territory to view relevant 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. Eligibility details and further information are available on our dedicated page.
Aberdeen Global ScholarshipCareers
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
What our Alumni Say
Doris Agbevivi
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)
- Programme Leader
- Dr Hossein Radmard
- Other Expert
- Prachi Singh
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.
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
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).
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