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Welcome to the Full-Time M.Sc. and Diploma in Energy Studies with Specialisation in Oil and Gas Economics
The M.Sc. programme is designed for economists and non-economists who wish to gain and understanding of the economics of the international petroleum and energy industries. It is suitable for those aspiring to be analysts and advisers in the economic, commercial and financial aspects of the petroleum and energy industries.
Structure
The M.Sc. is made up of 200 credits as follows:
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60 |
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60 |
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40 |
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40 |
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200 |
The associated Diploma is made up of the Induction Programme plus an additional 120 module credits.
To find out everything you need to know about the programme, please click on the headings above. Additional useful information about the M.Sc. can be found using the links in the table below:
Programme |
Finance |
Other |
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Compulsory Modules
Energy Economics the Issues (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Energy Economics the Tools (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand energy issues. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of energy. In addition the course enables the student to become familiar with current issues in the industry.
Induction Programme (20 credits)
The Induction Programme provides students with vital knowledge and skills before they embark of the main components of CEPMLP’s taught Masters and Diploma programmes. CEPMLP student have a wide range of academic and professional backgrounds and the Induction Programme provides each student with a basic introduction to all the main disciplines included in the degrees programmes, namely law, economics, finance and geology. It also provides training in research methods.
Core Modules
Candidates should choose a minimum of 60 modules from the list below:
Downstream Energy Law and Policy (20 credits)
The primary objective of the course is to provide an introduction and background to the way in which legislation and regulation can be used to implement policy decisions in the downstream energy industries. The emphasis is on understanding the way in which policy decisions to restructure the (electricity and gas) industries lead to changes in both legislation and the approach of regulators. The skill is to identify what makes particular approaches successful in particular legal environments. This course is not aimed only at lawyers, but also at those influencing the policy debate who must have an understanding of the implementation of policy changes.
Economics for Business Managers (20 credits)
The module is aimed at presenting and developing practical applications of economic theory and analytical tools to business decisions. The emphasis is on the study of the production decisions, the interaction of firms in different market structures, and the international financial market. Real world examples from the energy industries will be utilized to demonstrate the theoretical models developed in the class.
Economics of Regulation and Restructuring of Energy Industries (20 credits)
This course aims at introducing students to the concept of economic regulation of energy industries; economic rationale behind restructuring of energy industries and highlighting the tariff and other policy issues related to regulation and restructuring. The course is designed for an interdisciplinary audience and will not require background in economics.
Petroleum Policy and Economics (20 credits)
The main aim is to equip the students with an understanding of how economic analysis can help inform and understand the international oil and gas industry. This requires the students to be familiar both with the relevant economic analysis and technical dimensions of the industry. In addition the course enables the student to become familiar with current issues in the industry.
Quantitative Methods for Energy Economists I (10 credits)
The main objective of this course is to help students to understand quantitative methods, and forecasting tools currently utilized in the energy industry. The module will give a basic introductory overview, and practical applications of the basic quantitative theories, and methodologies utilized in forecasting.
Quantitative Methods for Energy Economists II (10 credits)
The main objective of this course is to help students to understand in detail quantitative methods, and forecasting tools currently utilized in the energy industry. The module is a continuation of Quantitative Methods I, and will give a solid understanding of the quantitative theories used in the energy industry, and methodologies utilized in forecasting.
Recommended Elective Modules
Candidates are advised to choose additional modules from what is available on the academic timetable subject to any restrictions that may apply.
Together with the core and compulsory modules above, excluding the Induction Programme they should add up to 140 for the M.Sc. or 120 credits for the Diploma.
M.Sc. Candidates
In addition to the Induction Programme plus the core and elective modules, M.Sc. candidates are required to complete an additional 40 credits as follows:
The Dissertation: Candidates are required to write a Dissertation of up to 15,000 words on a topic approved by an academic supervisor.
or
An Internship: Candidates are required to source an organisation willing to offer a 3-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.
or
An extended PhD Proposal: Candidates who propose to follow up the M.Sc. with a PhD may, with the approval of an academic supervisor, submit a 10,000 word PhD proposal in lieu of the Dissertation.
