MSc Energy and Economics 12 months Postgraduate Program By Heriot-Watt University |Top Universities
Subject Ranking

# 351-400QS Subject Rankings

Program Duration

12 monthsProgram duration

Tuitionfee

20,376 GBPTuition Fee/year

Scholarship

YesScholarships

Program overview

Main Subject

Economics and Econometrics

Degree

MSc

Study Level

Masters

Study Mode

On Campus

Overview

The MSc Energy and Economics provides you with a detailed overview of current energy issues, enabling you to apply core tools of economic analysis to the conversion and use of energy resources. You’ll learn from a cutting-edge and globally recognised syllabus, informed by the economic research carried out by Heriot-Watt University on behalf of the energy sector. You’ll develop a practical and theoretical grounding in technologies and wider knowledge and skills relevant to the energy, economics, and business sectors. The industry-relevant programme will set you up for a wide range of careers, including practising engineers, economic analysts, decision-making managers, and policy makers.   


During the master’s programme, you’ll gain a broad yet details overview of energy resources conversion, the socio-economic and environmental impacts of energy-related activities and use the core tools of economic analysis, with applications to the energy sector. You’ll be introduced to current energy issues and specialist engineering and economics knowledge and skills to enable you to analyse, appraise, and design energy policy, systems, and equipment. You’ll develop a critical awareness of current issues in research and knowledge creation within specialist areas of the two disciplines, making you highly employable within the energy industry upon graduating.   


The career-focused master’s programme will develop your professional and advanced communication skills. You’ll gain relevant knowledge and skills which will prepare you for a dynamic career as an energy consultant, or for a graduate job in energy economics across business, government regulation and environmental NGOs. You’ll have the opportunity to choose from optional courses to customise your learning and gain additional expertise in applied economics and finance. You’ll use your learned knowledge and skills to carry out an original research project at the forefront of knowledge on your chosen topic through your energy and economics dissertation.  


Expertise

Your learning will be informed by the expertise of our research-active economists and academics in the fields of energy, the environment and developing countries. You’ll benefit from their extensive real-world experience with business and global policymakers.   

Our MSc Energy and Economics is directly informed by the research carried out by Heriot-Watt’s Centre for Energy Economics Research and Policy (CEERP). This ensures your studies remain cutting-edge and industry-focused.  


You’ll benefit from our innovative approach when it comes to the promotion and communication of energy research activities. Our Energy Academy, a virtual learning centre used to connect all energy-related research across the university, gives you direct access to the latest research carried out across the university. Heriot-Watt has three dedicated energy research centres which study:  

  • Energy Generation, Conversion and Storage 
  • Intermittency of Supply, Storage and Control  
  • and Energy Policy and Strategy   

Your learning environment

The programme is taught through a combination of lectures and tutorials, allowing you to get to know and build relationships with the teaching staff and academics. You will be assessed by coursework, exams, and your dissertation, and will receive support and feedback throughout the programme.   


During your studies, you’ll benefit from and have access to our state-of-the-art facilities, including our professional-standard Bloomberg Trading Room to enhance your employability with data skills.  


Outside of the classroom, you can join Heriot-Watt’s Business Society which holds regular social events and provides networking opportunities and insights into career prospects in Economics, Business, Finance, and other relevant industries.  

 

Customise your learning

You’ll have the opportunity to focus on the areas of energy and economics that interest you the most. You can customise your degree to match your specific interests or career pathway by studying two mandatory courses and choosing six further options from a suite of over 20 specialist energy and economics courses.   

You can choose whether to study the programme full-time, part-time, or by course. This flexibility allows you to fit your postgraduate studies around your lifestyle. You can begin the programme either in January or September, based on your availability, and the full-time course will last 12 months full-time or 24 months part-time. If you decide to study part-time, you register for two courses per semester and progress to the dissertation at the end of your second year.   


You may have the opportunity to Go Global on our Inter-Campus Transfer. Opportunities for postgraduate study abroad are assessed on a case-by-case basis and if you are interested in studying at our Dubai campus or Malaysia campus for a semester or longer, you should contact the Go Global Team.   


Industry

We work closely with the industry to ensure our course content is up-to-date and reflects the current and emerging needs of the industry and employers. You’ll gain the right blend of knowledge, practical skills, and soft skills to set you up for life after graduation.   

Each year our researchers and academics work closely with BP preparing data for their annual BP Statistical Review of World Energy. This is a highly regarded document used by energy experts, industry leaders, academics, and journalists all around the world.  


Beyond our relationship with BP, Heriot-Watt University is also named Bloomberg Experiential Learning Partner (ELP), a programme designed by Bloomberg to recognise universities that are leaders in experiential learning.  

 

The Bloomberg Trading Room at Heriot-Watt is unique in Scotland and enables:  

  • Performance comparison between different companies or industries using financial reports, company valuations, company news, company portfolios, and key changes/trends.   
  • Supply chain analysis through the company's supply chain relationships that include suppliers, customers and competitors. This enables managers to refine their supply chain configuration and strategy.  
  • Market share analysis by providing key industry data, interactive charting and commentary by Bloomberg industry experts.  It also provides industry fundamental statistics, market share and other key industry-specific metrics (e.g., retailers, airlines, and global auto manufacturing)  
  • Strategic portfolio analysis through creating portfolios against markets and market positions, allocation of assets and performance attribution analysis 
  • Accounting and financial analysis by providing the financial history of companies and indices including current and historical income statements, balance sheets, cash flow statements, ratio analysis and more

Program overview

Main Subject

Economics and Econometrics

Degree

MSc

Study Level

Masters

Study Mode

On Campus

Overview

The MSc Energy and Economics provides you with a detailed overview of current energy issues, enabling you to apply core tools of economic analysis to the conversion and use of energy resources. You’ll learn from a cutting-edge and globally recognised syllabus, informed by the economic research carried out by Heriot-Watt University on behalf of the energy sector. You’ll develop a practical and theoretical grounding in technologies and wider knowledge and skills relevant to the energy, economics, and business sectors. The industry-relevant programme will set you up for a wide range of careers, including practising engineers, economic analysts, decision-making managers, and policy makers.   


During the master’s programme, you’ll gain a broad yet details overview of energy resources conversion, the socio-economic and environmental impacts of energy-related activities and use the core tools of economic analysis, with applications to the energy sector. You’ll be introduced to current energy issues and specialist engineering and economics knowledge and skills to enable you to analyse, appraise, and design energy policy, systems, and equipment. You’ll develop a critical awareness of current issues in research and knowledge creation within specialist areas of the two disciplines, making you highly employable within the energy industry upon graduating.   


The career-focused master’s programme will develop your professional and advanced communication skills. You’ll gain relevant knowledge and skills which will prepare you for a dynamic career as an energy consultant, or for a graduate job in energy economics across business, government regulation and environmental NGOs. You’ll have the opportunity to choose from optional courses to customise your learning and gain additional expertise in applied economics and finance. You’ll use your learned knowledge and skills to carry out an original research project at the forefront of knowledge on your chosen topic through your energy and economics dissertation.  


Expertise

Your learning will be informed by the expertise of our research-active economists and academics in the fields of energy, the environment and developing countries. You’ll benefit from their extensive real-world experience with business and global policymakers.   

Our MSc Energy and Economics is directly informed by the research carried out by Heriot-Watt’s Centre for Energy Economics Research and Policy (CEERP). This ensures your studies remain cutting-edge and industry-focused.  


You’ll benefit from our innovative approach when it comes to the promotion and communication of energy research activities. Our Energy Academy, a virtual learning centre used to connect all energy-related research across the university, gives you direct access to the latest research carried out across the university. Heriot-Watt has three dedicated energy research centres which study:  

  • Energy Generation, Conversion and Storage 
  • Intermittency of Supply, Storage and Control  
  • and Energy Policy and Strategy   

Your learning environment

The programme is taught through a combination of lectures and tutorials, allowing you to get to know and build relationships with the teaching staff and academics. You will be assessed by coursework, exams, and your dissertation, and will receive support and feedback throughout the programme.   


During your studies, you’ll benefit from and have access to our state-of-the-art facilities, including our professional-standard Bloomberg Trading Room to enhance your employability with data skills.  


Outside of the classroom, you can join Heriot-Watt’s Business Society which holds regular social events and provides networking opportunities and insights into career prospects in Economics, Business, Finance, and other relevant industries.  

 

Customise your learning

You’ll have the opportunity to focus on the areas of energy and economics that interest you the most. You can customise your degree to match your specific interests or career pathway by studying two mandatory courses and choosing six further options from a suite of over 20 specialist energy and economics courses.   

You can choose whether to study the programme full-time, part-time, or by course. This flexibility allows you to fit your postgraduate studies around your lifestyle. You can begin the programme either in January or September, based on your availability, and the full-time course will last 12 months full-time or 24 months part-time. If you decide to study part-time, you register for two courses per semester and progress to the dissertation at the end of your second year.   


You may have the opportunity to Go Global on our Inter-Campus Transfer. Opportunities for postgraduate study abroad are assessed on a case-by-case basis and if you are interested in studying at our Dubai campus or Malaysia campus for a semester or longer, you should contact the Go Global Team.   


Industry

We work closely with the industry to ensure our course content is up-to-date and reflects the current and emerging needs of the industry and employers. You’ll gain the right blend of knowledge, practical skills, and soft skills to set you up for life after graduation.   

Each year our researchers and academics work closely with BP preparing data for their annual BP Statistical Review of World Energy. This is a highly regarded document used by energy experts, industry leaders, academics, and journalists all around the world.  


Beyond our relationship with BP, Heriot-Watt University is also named Bloomberg Experiential Learning Partner (ELP), a programme designed by Bloomberg to recognise universities that are leaders in experiential learning.  

 

The Bloomberg Trading Room at Heriot-Watt is unique in Scotland and enables:  

  • Performance comparison between different companies or industries using financial reports, company valuations, company news, company portfolios, and key changes/trends.   
  • Supply chain analysis through the company's supply chain relationships that include suppliers, customers and competitors. This enables managers to refine their supply chain configuration and strategy.  
  • Market share analysis by providing key industry data, interactive charting and commentary by Bloomberg industry experts.  It also provides industry fundamental statistics, market share and other key industry-specific metrics (e.g., retailers, airlines, and global auto manufacturing)  
  • Strategic portfolio analysis through creating portfolios against markets and market positions, allocation of assets and performance attribution analysis 
  • Accounting and financial analysis by providing the financial history of companies and indices including current and historical income statements, balance sheets, cash flow statements, ratio analysis and more

Admission requirements

Undergraduate

2.7+
6.5+
A good Honours degree (first or second class) in Mechanical Engineering, another Engineering degree, Economics, Mathematics, or a degree in another quantitative discipline.
1 Year
Sep

Tuition fee and scholarships

Domestic Students

9,152 GBP
-

International Students

20,376 GBP
-

One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.

In this guide you will find:
opportunities

Where to look for scholarship opportunities

how_to

How to apply to scholarships relevant to you

list

A list of available scholarships around the world

checklist

A scholarship application checklist

banner
download_icon Download Scholarship Guide

More programs from the university

From top 10 rankings to opportunities to study abroad, there are many reasons to choose Heriot-Watt.  Here are just a few of them.

A rich heritage
We are proud that since our foundation in 1821 we have been outward-looking pioneers of education, in pursuit of knowledge to the benefit of society and the world.

Become a global student
Heriot-Watt provides you with the opportunity to become a global student both at our UK campuses and internationally. On our Edinburgh Campus you’ll find that about one-third of our students are from countries outside the UK, bringing a real international flavour to our community. This mix of people provides a great opportunity to learn about other cultures and build friendships that stretch across the globe.

We also encourage students to take part in our global student programme, Go Global, by participating in an Inter-Campus Transfer, Exchange or Erasmus+ for a semester or year of their degree.

A world-class reputation
We are world-renowned for excellence in teaching and research. We are ranked 235th in the world and 32nd in the UK (QS World University Rankings 2024), and almost 90% of our research outputs are classed as world-leading and internationally excellent (REF 2021). View our rankings.

Strong links to business and industry
Our taught programmes and research are informed by the needs of business and industry. We actively facilitate collaborations and partnerships, building strategic alliances and promoting knowledge transfer.

Globally employable graduates
Global companies actively seek out our graduates as they are work-ready. Our programmes are designed to ensure that students receive a relevant, careerorientated education. As a result, more than 95% are in employment or further study six months after completing their programme.

Worldwide network
When you join Heriot-Watt you become part of a global family. We have around 123,000 alumni worldwide. The Watt Club was founded in 1854 and is the oldest graduate club in the UK. Lifetime membership is automatic upon graduation from Heriot-Watt and is free to all graduates of the University.

Heriot-Watt is one of the world’s leading universities with strong links to international business and industry driven by our established reputation as a top research-led institution. Heriot-Watt is world-renowned for conducting ground-breaking research which is relevant to business and industry. We aim to find radical innovations and solutions to real world challenges for the benefit of society.

We offer over 180 Postgraduate courses that will provide you with the knowledge to solve real world challenges. There are around 2,400 postgraduate students studying at our Edinburgh Campus. It is a friendly, welcoming place, where you will have the opportunity to meet with students from all over the world.

Heriot-Watt is regarded as a top UK university across a range of subject areas. The QS World’s University Rankings ranked Heriot-Watt 302nd in the world, 39th in the UK and 7th in Scotland. 

The international outlook of our university has been ranked 37th in the world, 13th in the UK and 3rd in Scotland by Times Higher Education World University Rankings 2019.  This is based on the percentage of the university's international staff, the level of international co-authorship of academic papers and the percentage of international students studying with the university.  The Times/Sunday Times Good University Guide named Heriot-Watt University ‘International University of the Year 2018’.

REF 2014 named Heriot-Watt in the top 25% of UK universities, with 82% of our research ranked as world-leading or internationally excellent. We ranked 9th university in the UK and 1st in Scotland for research impact. View our rankings.

MSc Accountancy

::type_cta_button:: View Details

MSc Data Science

::type_cta_button:: View Details

MSc Finance

::type_cta_button:: View Details

MSc Energy

::type_cta_button:: View Details

MSc Robotics

::type_cta_button:: View Details

MSc Mathematics

::type_cta_button:: View Details
Postgrad programs