Develop the data skills you need to work as an energy economist or consultant.

This online course introduces you to quantitative and empirical methods that are essential for an in-depth understanding of energy economic analysis.

You’ll learn about:

  • econometric analysis and probability theory
  • formulating empirical specifications of regression models
  • running these models using standard software
  • conducting hypothesis tests and deducing statistical inferences.

You’ll leave this course equipped to critically analyse key issues and concepts in the energy industry, and make more informed business and policy decisions as a result.

Who can join this online energy economics course?

This distance-learning energy economics course is ideal learning for:

  • energy professionals seeking career progression and enhanced knowledge of the sector, or
  • anyone looking to begin on a successful career path in the energy industry.

Build credits towards a Masters degree

This online course is part of online:

You can use the credits you earn on this short course towards either of these MSc qualifications.

What you’ll study

Industry and academic work in energy economics relies on a grounding in quantitative and empirical methods.

In this course, you’ll develop your understanding of these quantitative and empirical methods.

You’ll cover:

  • basic methods used to understand the empirical examples and tests used in energy economics
  • statistical concepts
  • how to apply statistical concepts to hypothesis testing and least squares regression methods.

These methods form the backbone of empirical modelling for decision making and testing of hypotheses in energy economics.

By the end of this course, you’ll be able to…

  • Explain the purpose of econometrics.
  • Explain probability and its applicability in modelling.
  • Describe and apply the assumptions and properties of the classical linear regression model.
  • Formulate and evaluate testable statistical hypotheses using the linear regression model and econometric software.
  • Interpret regression results.
  • Identify the circumstances where the assumptions of the classical linear regression model do not hold.

Choose the University of Aberdeen for online energy economics courses

We’re EQUIS accredited

Our Business School is EFMD EQUIS accredited, placing it among a select group of globally recognised institutions.

Fits around full-time work

This course is designed to fit around work. With flexible hours and 24/7 study access.

You’re in expert hands

We’ve been training energy professionals for decades and delivering online learning for over 20 years.

How you’ll study

Online learning

This distance learning energy economics course is delivered flexibly, 100% online.

You can learn anywhere, with no need for a study visa, and manage your 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 at your fingertips, including:

  • interactive learning materials
  • videos
  • live online webinars with course lecturers
  • reading materials
  • discussion boards with colleagues and tutors
  • 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 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 via:

  • your engagement in the online discussion forums (worth 5% of your final grade)
  • online quizzes that take place during the course (worth 20%)
  • an exam-style, open-book assessment at the end of your course (worth 75%).

There will be a one-week window in which you can complete this final exam-style assessment. It will take place at the end of the semester in which the course runs.

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 that best suit the class.

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:

Wherever you are in the world, you’ll feel part of our very special Aberdeen learning community.

Your course coordinator

Dr Yakubu Abdul-Salam

Salam is an Senior Lecturer and energy economist. His work involves economic modelling using constrained optimisation techniques and empirical analysis methods. Salam leads our MSc Energy Economics and Law programme and is convener of the Aberdeen Centre for Research in Energy Economics and Finance.

View Salam’s profile

Where 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 an 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 Finance

Masters in Energy Transition Systems and Technologies

Join an online MSc that’s training the next generation of systems engineers. Help our planet transition from oil and gas to net-zero, with a degree you can study online, part-time.

View MSc Energy Transition Systems and Technologies

Careers

This course is valuable learning for careers in the energy sector.

You’ll leave this course with in-demand, Masters-level skills in energy economics that are applicable to roles in government, NGOs, consultancy, and environmental or regulatory departments of energy companies.

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

See how our careers service can help you.

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

For more information about language qualifications see our English Language Requirements page.

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

Start date
23 September 2024
Cost
£1,480
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