International Energy Studies and Energy Economics MSc

1 Year On Campus Masters Program

University of Dundee

Program Overview


The MSc in International Energy Studies: Energy Economics at the University of Dundee is designed for students who want to understand the economic forces shaping global energy markets. It suits aspiring professionals aiming to work in energy policy, consulting, or industry strategy, offering deep insight into the economics of oil, gas, and electric power sectors.


Curriculum Structure

Semester 1
You’ll begin by exploring the foundational principles of energy economics and policy. Core modules introduce you to the economic frameworks that govern energy markets, including supply-demand dynamics, pricing mechanisms, and regulatory structures. You’ll also study the impact of technological change and government initiatives on energy systems, preparing you to analyse and articulate complex industry challenges.

Semester 2
The second semester deepens your understanding of specific energy sectors and their economic implications. You’ll examine the drivers of oil, gas, and electricity markets, and learn to apply economic tools to evaluate market behaviour and investment decisions. Classroom learning is complemented by coaching from specialist academics and senior industry professionals, ensuring your insights are grounded in real-world practice.

Semester 3
You’ll undertake a major research project or dissertation, applying your analytical skills to a topic of your choice within energy economics. This is your opportunity to investigate emerging trends such as decarbonisation, digitisation, or decentralisation, and contribute original thinking to the field.


Focus areas: Energy economics, oil and gas markets, electricity pricing, energy policy, decarbonisation, digitisation, decentralisation
Learning outcomes: Ability to analyse energy market dynamics, apply economic frameworks, evaluate policy impacts, and conduct independent research
Professional alignment (accreditation): Delivered by CEPMLP, a globally recognised centre for energy law and policy since 1977, with strong links to industry and government
Reputation (employability rankings): Over 6,000 postgraduate alumni from more than 50 countries; CEPMLP graduates are known for securing high-profile roles in both public and private sectors

 

Experiential Learning (Research, Projects, Internships etc.)


The MSc in International Energy Studies: Energy Economics at the University of Dundee is built around real-world application and industry engagement. Delivered by the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP), the program blends academic rigour with practical insight, giving students access to global energy experts, policy leaders, and cutting-edge research. You’ll develop hands-on skills in energy market analysis, policy evaluation, and strategic decision-making—essential for careers in energy consultancy, regulation, and investment.

Here’s how experiential learning is embedded in the program:

  • CEPMLP Industry Coaching: Students receive guidance from senior professionals across the energy sector, including regulators, consultants, and corporate strategists.
  • Specialist Workshops and Seminars: Regular events hosted by CEPMLP feature guest speakers from global energy firms, NGOs, and government bodies.
  • Energy Market Simulation Exercises: Modules include applied case studies and simulations that mirror real-world decision-making in oil, gas, and electricity markets.
  • Access to the University of Dundee Library: Students benefit from extensive energy economics resources, including databases, journals, and policy archives.
  • Digital Learning Tools: The program uses interactive platforms for modelling, scenario analysis, and collaborative research.
  • Research-Led Teaching: Delivered by academics actively involved in energy policy and economics research, ensuring students engage with current debates and methodologies.

 

Progression & Future Opportunities


Graduates of Dundee’s MSc International Energy Studies: Energy Economics are equipped to lead in the evolving global energy landscape. Many go on to work in energy consultancy, policy analysis, investment strategy, and regulatory affairs, applying their expertise to oil, gas, electricity, and renewables. Typical job roles include: energy economist, market analyst, policy advisor, and investment strategist.

Here’s how Dundee supports your career journey:

  • CEPMLP Career Support: The Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) offers tailored career guidance, employer networking events, and access to global alumni connections.
  • Employment Outcomes: CEPMLP has trained over 6,000 postgraduate students from more than 50 countries, many of whom now hold senior positions in government, industry, and international organisations.
  • Industry Partnerships: Students benefit from regular seminars and coaching by professionals from global energy firms, regulatory bodies, and NGOs.
  • Long-Term Value: The program is delivered by CEPMLP, a globally recognised centre for energy law and policy since 1977, ensuring long-standing credibility and professional relevance.
  • Graduate Outcomes: Students leave with advanced analytical skills, policy insight, and global awareness—qualities that translate into strong employability across the energy sector.

Further Academic Progression:
Graduates can continue their studies through Dundee’s research-led PhD programs in energy economics, law, or policy. CEPMLP’s interdisciplinary research environment offers opportunities to contribute to global energy debates and shape future policy frameworks.

Program Key Stats

£23,700 (Annual cost)



Eligibility Criteria

4 Year

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6.5
87
2:2
1200
27

Additional Information & Requirements

Career Options

  • Commercial Organizations
  • Banks
  • Law Firms
  • Global Consultancies
  • Production Campanies
  • National Oil Companies

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