MSc Energy and Economics

The MSc Energy and Economics is an innovative, new degree programme grounded in the cutting-edge, globally recognised, economic research carried out by Heriot-Watt University on behalf of the energy sector. This programme provides a detailed overview of current energy issues, teaching you to apply core tools of economic analysis to the conversion and use of energy resource. You will develop a bespoke set of skills that will enable you to effectively measure and interpret the environmental and socio-economic impacts of the energy sector. You will also learn how to effectively analyse, appraise and design energy policy, systems and equipment from an economic perspective. You will gain highly-employable specialist knowledge that is crucial within the energy industry. This Energy and Economics Master’s Degree 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. The dual-focused programme is ideally suited to graduates with an engineering or strong analytical background in subjects such as mechanical engineering, mathematics or economics. It has been developed with numerous distinctive features which will aid your success in future roles. The Economics department at Heriot-Watt has close links to industry-leading organisations such as the World Bank and British Petroleum (BP). You will have access to a number of key industry figures such as Spencer Dale (Chief Economist at BP) who delivers guest economics lectures at Heriot-Watt. Students will also achieve PGDip and PGCert awards in this course.

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Modules

  • Foundations of Energy
  • Environmental and Energy Economics
  • Electrical Power Systems
  • High Voltage
  • Sustainable Processing
  • Process Intensification
  • Renewable Energy Technologies
  • CFD and Heat Transfer
  • Demand Management and Energy Storage
  • Heat Transfer and Heat Exchangers
  • Strategic Project Management
  • Financial Analysis
  • Quality Management and Engineering
  • Project Management
  • Systems Things and Analysis
  • Emerging Financial Markets
  • Energy Systems and Buildings
  • Development Economics
  • Ventilation and Air Conditioning
  • Research Methods
  • Critical Analysis and Research Project Planning
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    £20,376 Per Year

    International student tuition fee

    1 Year

    Duration

    Sep 2025

    Start Month

    Aug 2025

    Application Deadline

    Upcoming Intakes

    • September 2025
    • September 2026

    Mode of Study

    • Full Time