Study investment analysis and how it’s applied in the energy industry.
In this Masters-level online short course, you’ll learn how to conduct investment analysis within the energy sector.
You’ll gain a solid grounding in investment analysis, cover the main elements of corporate finance, and develop your analytical skills.
With expert guidance, you’ll learn about:
- corporate finance theory
- the way companies behave with respect to financing choices – and how this interacts with financial markets
- investment appraisal techniques employed in the petroleum industry
- risk analysis
- portfolio theory
- the Capital Asset Pricing Model (CAPM).
Build credits towards a Masters degree
This course is part of online:
You can use the credits you earn on this short course towards this MSc qualification.
What you’ll study
In this course, you’ll develop the analytical and financial skills you need to understand how the energy sector makes investment decisions.
Topics you’ll study
You’ll cover topics including:
Assessing trade-offs over time
- The time value of money and the law of one price
- Interest rates
Decision rules for comparing investments
Structured financial modelling
- Introduction to model design
- Dynamic range names and further model automation
- Sensitivity analysis and tornado diagrams
Risk and choice involving risky investments
- Introduction to risk, decision trees, and the value of flexibility in investments
- The pricing of risk
- Introduction to financial options and real options
By the end of this course, you’ll be able to…
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Demonstrate understanding of the theoretical underpinnings of project and investment analysis within the energy sector.
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Describe important financial concepts including present value, the opportunity cost of capital, arbitrage, and the law of one price.
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Analyse the relation between the risk and return of an investment.
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Carry out energy project analysis.
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Better understand why companies behave the way they do with respect to investment decision-making.
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Think rigorously and logically through investment decision problems.
Choose the University of Aberdeen for online investment analysis courses
Fits around full-time work
This course is designed to fit around work. With flexible hours and 24/7 study access.
We’re EQUIS accredited
Join a Business School that’s EFMD EQUIS accredited, placing it among a select group of globally recognised institutions.
Top 4 for Accounting and Finance
We ranked 4th in the UK for Accounting and Finance in the Guardian University Guide 2025.
How you’ll study
Online learning
This distance learning investment analysis course is delivered flexibly, 100% online.
You can learn with us anywhere, no student visa required, and manage your study hours to suit you.
Your teaching
This course is taught at Masters level.
Teaching is delivered through MyAberdeen, our online Virtual Learning Environment (VLE). It holds all the materials, tools and support you’ll need in your studies. Take a look around MyAberdeen.
The materials for this course are developed by active researchers and academics. You can access your learning materials on computer, smartphone and laptop, 24 hours a day. You’ll find a range of resources available, including:
- interactive learning materials
- videos
- live online webinars with course lecturers
- reading materials
- discussion boards with your tutors and peers
- the online resources of our award-winning Sir Duncan Rice Library.
In this interactive course, you’ll participate in many discussions with fellow students and course lecturers using online discussion forums.
Live online webinars
Across the course, you’ll have eight one-hour live sessions with academic staff, all experts in the field of energy economics. These live online webinars support the main learning material and are central to your learning. Your participation in them will count towards your final grades.
Ahead of each live webinar, you’ll be asked to study the online materials provided, post questions to your tutor online, undertake multiple-choice quizzes and other tasks. You may also be asked to work in small groups to prepare for some of the live sessions.
Your tutors
This course is delivered by the University of Aberdeen Business School.
Your tutors are members of the internationally recognised Aberdeen Centre for Research in Energy Economics and Finance (ACREEF). They are active in research and teaching across energy economics.
This course is assessed online.
You’ll be assessed via:
- an assignment (worth 70% of your final course grade)
- two online quizzes (each worth 15% of your final course grade).
Live online webinars
This course features eight online webinars. Each webinar is live and scheduled to last for around one hour.
Webinar dates and times will be organised flexibly at the start of the course. Your course coordinator will consider everyone’s circumstances and time zones before setting up live webinar times.
Study hours
The course totals approximately 150 hours of teaching, private study, and assessment time. That’s around 10 – 15 hours per week.
This is an indicative guide to the time required for a typical student at this level to achieve the learning outcomes.
You can largely set your own study hours each week to cover the materials. MyAberdeen is available 24/7, so you can log in and study when it suits you.
Activities at fixed times
You’ll have live online webinars at fixed times, plus assessments with deadlines. But otherwise, you can access and work through your courses at your convenience.
Our first-class support structure will ensure that you aren’t alone in your studies. You’ll have contact with your coordinator via email, MyAberdeen and Microsoft Teams. You can use social media and discussion boards to chat with your fellow students too.
We provide a wide range of services to support you in your studies and beyond:
- Careers and Employability Service
- Disability support
- IT support
- Library support
- Student Support Service – help with finances, stress, wellbeing and non-academic issues
- Student Learning Service – study support, with advice sessions available via phone or Skype
- Aberdeen University Students’ Association (AUSA) – run by students for students
- Toolkit – clever apps and free training that can make your study life easier
Wherever you are in the world, you’ll feel part of our very special Aberdeen learning community.
Your course coordinator
Dr Nikolaos Vlassis
Nikolaos is a Lecturer in Economics in the University of Aberdeen Business School. His main areas of research are Environmental and Energy Economics, International Trade, and Public Economics.
View Nikolaos’ profileWhere this will take you
Towards a Masters
You’ll earn 15 credits at Masters level (SCQF Level 11) with this course. You can use these credits towards our online:
Masters in Energy Economics and Finance
Learn to analyse and understand world energy markets. From oil and gas to renewables, prepare for career success with expert economists in this flexible online degree.
View MSc Energy Economics and FinanceCareers
This course is valuable learning for career progression within:
- finance
- investment management
- the energy sector
- government
- consultancy
- environmental or regulatory departments of energy companies and other organisations.
The course reaches beyond corporate interest alone to governments and NGOs, who need high-quality graduates with an excellent understanding of the energy sector.
Continuing Professional Development (CPD)
Your employer or professional institute may recognise this course for CPD hours. Talk to your employer or institute to find out more.
Free career support
Access our free careers service while you study.
- 1:1 appointments
- CV checks
- Interview prep
- Job opportunities
Entry requirements
Entry requirements
We welcome students from all over the world.
This course has no formal entry requirements. You do not need to provide proof of your qualifications.
But you do need to check the entry guidance above to understand the level of teaching delivered, to decide if this course is right for you.
If you do not have qualifications from the UK, check the equivalent teaching level for your country.
Visa requirements
You do not need a student visa to study online with us.
English language requirements
Teaching is delivered in English.
You do not have to provide proof of your English language skills to join this course. But we want to make sure that you can use English well enough to study successfully.
Recommended level of English
This course uses our Postgraduate Higher level of English language proficiency.
These are our Postgraduate Higher requirements, and these are minimum scores.
IELTS Academic, IELTS UKVI Academic, and IELTS Online (not IELTS Indicator or IELTS General Training)
- 6.5 overall
- 5.5 for listening and speaking
- 6.0 for reading and writing
TOEFL iBT and TOEFL iBT Home Edition
- 90 overall
- 17 for listening
- 21 for reading
- 20 for speaking
- 21 for writing
- TOEFL DI code is 0818
Cambridge English: B2 First, C1 Advanced, or C2 Proficiency
- 176 overall
- 162 for listening and speaking
- 169 for reading and writing
LanguageCert Academic/LanguageCert Academic SELT
- 70 overall
- 60 for listening and speaking
- 65 for reading and writing
LanguageCert International ESOL B2 Communicator (Written and Spoken) – Online / In-centre
- Overall High Pass
- 33 for listening, reading and speaking
- 38 for writing
Oxford ELLT Digital – English Language Level Test Online
- 7.0 overall
- 5.0 for listening and speaking
- 6.0 for reading and writing
PTE Academic (online test not accepted)
- 62 overall
- 59 for listening, reading, speaking and writing
Duolingo – tests taken from 1 July 2024 onward
- 120 overall
- 95 for listening and speaking
- 105 for reading and writing
University of Aberdeen English Pre-sessional Programme (PSE)
- Pass
- Valid for one year. Refresher can be offered if out of date
Pre-sessional academic English preparation programmes undertaken at other UK universities
- Pass at an equivalent of 6.5 (C1)
- B2 in all four skills
- Certification must be within one year prior to the start of your course
For more information about language qualifications see our English Language Requirements page.
This course is available to Curtin University students who are studying for an MBA in Energy Transition Specialisation. This is part of a postgraduate course-exchange agreement.
When you study with us, you can expect a first-class support structure so that you’re never alone in your studies.
But learning online does mean you have to motivate yourself and manage your own time.
Your most important commitment will be time – the time to work through, reflect on and understand your teaching materials.
Before you start a course that involves a high degree of independent study, we recommend looking at the time you will be able to devote to your studies each week:
- Be realistic
- Create a weekly schedule as a guide
If you have any questions about studying online, get in touch with our friendly team. We’re here to help.
You will need access to:
A computer (PC, laptop or Mac) operating on either:
- Windows 10 or later
- macOS 10.15 (Catalina) or later.
Most teaching materials are smartphone- and tablet-friendly. But we recommend a proper laptop or desktop for completing assignments comfortably.
Reliable internet access
We recommend:
- a wired connection
- a minimum download speed of 2 Mbps so you can take part fully in live sessions.
Speakers or headphones
- We recommend a headset with built-in microphone and earphones if you’re likely to study in an environment with background noise.
- A webcam is optional, but you may like to use one for some interactive sessions.
Software
We’ll give you access to Office365 applications. This means you can use online versions of Microsoft Word, Excel, and PowerPoint and install these programs on up to five personal devices.
If your course requires specialist software, we’ll provide you with access to this and a licence that lasts throughout your studies.
See our detailed IT requirements for more information.
Fee payment
Your course fee needs to be paid in full before you start your course.
We accept payment via Visa Debit, Visa Credit and Mastercard.
Ways to save
You may be able to get help funding this course via:
- discounts – if any discounts are available for this course, they’ll appear in the section below
- employer sponsorship – we accept full and partial fee payments from sponsors.
Find out more about funding options.
Student card
All our students are entitled to a University of Aberdeen student card. This gives you access to a range of student discounts around the city and online.
Learning resources
Access to all the books and resources you need are included in your tuition fee. They’ll be made available to you online and you do not have to buy your own copies.
Printing
You may wish to set aside a small budget for printing, depending on how you like to work.
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’d usually have at least:
- a 2:2 UK undergraduate degree (or equivalent), or
- relevant experience that supports this level of study.
Apply for this course