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Expand your knowledge of world energy markets.

Master the economic theory you need to analyse key issues in the energy industry.

This online course will give you an in-depth understanding of the microeconomic modelling techniques used by economists, and their application in the energy sector.

The course is part of our Energy Economics and Finance programme, four online short courses that combine to give you the fundamental economic skills you need for a successful career in the energy industry or government organisations.

Complete all four and, subject to satisfactory performance, you’ll have the opportunity to progress to our on-campus Masters in Petroleum, Energy Economics and Finance.

What will I study?

This course will cover the main elements of Microeconomic Theory, focusing on how they apply to the energy sector. Among other topics, the course includes:

  • consumer theory – examining how consumers make choices and form energy demand
  • how uncertainty in energy markets can affect decisions
  • analysis of producer behaviour in energy markets
  • demand- and supply-side interaction in the energy sector
  • strategic intersection of energy suppliers
  • analysis of cartels.

By the end of this course, you will…

  • Understand the underlying factors determining energy supply.
  • Understand the underlying factors determining energy demand.
  • Be able to analyse energy market outcomes.
  • Be equipped to study the strategic interaction between energy producers.

Why study online with Aberdeen?

How will I study?

Economic Analysis for Energy Markets is delivered entirely online. You can study with us anywhere in the world and manage your study hours to suit you.

The course takes the form of an online digital workbook. You can work through it at your own pace. Your teaching is delivered at Masters level by academic experts and our energy industry partners.

Your tutors are all members of the Aberdeen Centre for Research in Energy Economics and Finance. Together, they hold over a century’s experience in the field, in teaching, research, and advising the energy industry and national governments.

Your course is delivered through MyAberdeen, our Virtual Learning Environment (VLE). Also available as an app, you can access your learning materials on computer, smartphone and mobile device 24/7.

Your course features a range of resources, including:

  • videos
  • interactive learning materials
  • free, fully integrated textbook, available electronically
  • the online resources of our award-winning Sir Duncan Rice Library
  • online forums
  • webinars.

Where will this take me?

Related courses

Economic Analysis for Energy Markets is one of four online, always-on courses that make up our unique:

You can also study:

You’ll earn a Professional Development Certificate when you complete all four.

You can earn a Postgraduate Certificate (PgCert) in Energy Economics and Finance if you complete the credit-bearing version of all four courses, assessed by essay or exam. You’ll also earn 15 credits at Masters level (SCQF Level 11) this way. You can use these credits towards further study.

Find out more about credits and see our full range of online Energy short courses.

You can study the four courses in any order and enrol whenever it suits you. You have 18 months to complete each course and up to five years to complete the full programme.

Earn a Masters

Complete all four courses via the exam-assessed route and you’ll be eligible to apply for advanced entry to our:

MSc (Econ) Petroleum, Energy Economics and Finance

Graduates from the MSc (Econ) Petroleum, Energy Economics and Finance have secured distinguished careers across the energy industry, with employers including BP, Petroleum Commission Ghana, Oil and Gas UK and Petrofac.

See our full range of postgraduate Business School degrees.


Our online Energy Economics and Finance courses prepare you for a successful career in the energy industry and beyond.

Broadening your knowledge of energy-based issues, they’ll also help you develop your career in:

  • government
  • NGOs
  • consultancy
  • environmental or regulatory departments
  • organisations in need of graduates with an excellent understanding of the energy sector.

Am I ready?

This course has no formal entry requirements. You decide if it’s suitable for you.

The course is delivered at Masters level. At this level, you would usually have:

  • a 2:2 (second-class) degree or relevant experience.

The course relies on quantitative methods and you are expected to be numerate.

Your entry is at CPD (Continuous Professional Development) non-credit-bearing level. During your studies, you will have the option to upgrade to the credit-bearing version of the course.

Apply for this course

Start date
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