Petroleum, Energy Economics and Finance

Study mode:On campus Study type:Full-time Languages: English
Local:$ 10.5 k / Year(s) Foreign:$ 22.6 k / Year(s)  
178 place StudyQA ranking:4413 Duration:12 months

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Careers:

Recent graduates have found jobs across the energy and associated industries including with employers such as Aditya Birla, BP, Citibank, CNRI, Ernst & Young, Ghanian Petroleum Commission, KPMG, movmento, npower, Oil and Gas UK, Petrofac, Sapient, Scottish Renewables, Siemens, Sri Lankan Petroleum Resources Development Secretariat, TAQA Britani, Turkish National Oil Corporation, UBS Investment Bank and Xodus. The titles of the positions taken by our MSc graduates include Energy and Business Consultant, Energy analyst, Strategy analyst, Market analyst, Commercial analyst, Economist, Project Manager, and Oil and Gas Associate.

Syllabus

Semester One

* Economic Analysis

Equips students with an understanding of micro and macroeconomic modelling techniques.

* Accounting

Provides students with an understanding of accounting information and financial reporting and introduces key aspects of financial analysis.

* Introduction to Corporate Finance

Equips students with the analytical skills in order to understand the implications of corporate financing decisions and the theoretical underpinnings of corporate finance theory.

* Quantitative Methods

Introduces the statistical and quantitative methods used in economics and finance.

* Introduction to Energy and Petroleum Economics

Applies economics and finance principles to examine key issues in the petroleum and energy industries. Issues examined include an analysis of the world petroleum market, the Hotelling model and oil price behaviour, the role of OPEC plus global warming, renewable policy.

Semester Two

* Business Strategy

Provides a systematic approach to strategic thinking (game theory) and uses its concepts to explain understand how businesses interact strategically.

* Real Options and Decision Making

Develops students analytical skills and understanding concerning investment decisions under uncertainty. It introduces students to methods of analysis of the benefits and costs of investment decisions and provides an appreciation of how these are useful to decision makers in the petroleum and energy industries industry.
* Issues in Energy & Petroleum Economics

Further application of economics to key issues in the energy and petroleum sectors. Recent Topics have included: Petroleum Policies, Economic rents and their collection of to the state, Licensing and other policy issues, Modelling prospects for an oil province, Economics of Decommissioning, Carbon Capture and Storage, Electricity Markets and Wind Energy, Energy Security.

* Empirical Methods In Energy Economics

Applies a range of empirical methods to issues in energy including analysis of energy spot and future prices using time series econometric techniques, economic evaluation using Monte Carlo simulation, modelling using linear programming, application of partial equilibrium modelling to energy market analysis.

Summer Term

Dissertation Projects cover a wide range of topics examining various economic and finance issues in the petroleum and energy industries. For example, past projects have undertaken economic analysis of oil and gas taxation in various counties, analysis of issues in energy infrastructure, energy policy analysis, application of real options analysis to investments in the petroleum and energy industries. Opportunities also exist for students to undertake their dissertations in association with companies involved in the energy industry.

Assessment

A combination of in-course assessments, examinations, plus dissertation.

Teaching

As well as formal teaching, there will be visiting speakers currently working in the Energy Industry, and field trips organised to energy industry sites.

Normally at least an upper second 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.The English Language Requirement for all College of Arts and Social Sciences Masters programmes is an IELTS of 6.5 with 6.0 in the writing and reading.Please note, students who accept an offer of a place will be asked to pay a deposit to secure their place English Language Requirements IELTS band: 6.5 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

There are scholarships and grants for international students who wish to study in Britain. There is a lot of competition for a limited number of awards, but it is worthwhile applying for the ones relevant to you. You should begin your research early as some scholarships require you to apply at least a year before your degree starts.

The best place to start your search is on our online funding database which will tell you about all the bursaries and scholarships available to you.

The University is also pleased to announced that they are offering a one year's tuition fee scholarship to all international undergraduate students. For more information, please read below.

Students who accept an offer of a place will be asked to pay a deposit (approximately 10% of the total programme fee) to secure their place. This deposit is later deducted from the tuition fees payable at registration.

SFC Postgraduate Taught Scholarships

Thanks to additional funding from the Scottish Funding Council, this programme has funded places for Scottish and EU Students.

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.

Accreditation

The mission, objectives and targets outlined in our Strategic Plan are approved and monitored by the governance structure of the University Court, which has corporate and legal responsibilities, and the Senatus Academicus (Senate) which is responsible for the regulation and superintendence of teaching and the promotion of research.
The General Council comprises all University graduates and certain academic staff and is empowered "to take into consideration all questions affecting the well-being and prosperity of the University, and to make representations from time to time on such questions to the University Court".

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