Master of Science in Energy Economics

By graduation, students will be able:
A. Knowledge and Understanding

At the end of the programme students should be able to demonstrate knowledge and
understanding of the following:
A1. Carry out technical and economic assessment of off-grid, mini-grid and grid connected
power generation systems (i.e. conventional and non-conventional power generation
A2. Carry out technical and economic assessment of power transmission and generation
A3. Develop analytical skills required to apply results of economic analysis in the energy
sector, to assist in both policy and regulatory decision making
A4. Understand the basic tools for financial analysis, including basic accounting principles,
as well as principles of financial management6
A5. Understand the risks associated with the energy sector and be able to apply the risk
management tools available to mitigate them
A6. Understand the theoretical and practical perspectives of individual and industrial
demand for energy, energy supply, energy markets and carry out energy modelling to determine energy supply and demand
B. Cognitive/ Intellectual Skills/ Application of Knowledge
At the end of the programme students should be able to:
B1. Apply the knowledge to carry out technical and economic assessment of solar
photovoltaic, wind, geothermal, biomass, waste-to-power, Biogas, Micro and picohydroelectric power systems, as well as mini and large hydroelectric power systems
B2. Use applied microeconomic models to assist in policy, regulatory and long-term
investment decision-making.
B3. Apply knowledge gained to solve the practical issues in the energy sector related to
financing of joint ventures, project finance, infrastructure finance, public-private
partnerships (PPPs) and privatization
B4. Manage the risks inherent in business transactions in the energy sector
B5. Apply knowledge in developing renewable energy, energy efficiency and climate
change policies for controlling emission
B6. Acquire sufficient knowledge and techniques to be able to analyse the relationship
between macroeconomic factors and energy sector issues
C. Communication/ICT/Numeracy/Analytic Techniques/Practical Skills
At the end of the programme students should be able to:
C1. Use the analytical techniques and steps involved in carrying out technical evaluation
and economic assessment of energy systems
C2. Effectively communicate the results of the analysis to enable policy makers and power
system planners
C3. Use empirical techniques to explain micro-economic concepts, and how these are used
in the energy sector to solve practical problems
C4. Carry out and publish results of financial analysis of energy sector projects and
communicate the results to stakeholders7
C5. Manage the major risks associated with energy trading and in other energy sectors.
C6. Develop Renewable energy and energy efficiency policies
D. General transferable skills
At the end of the programme students should be able to:
D1. Explain the key analytic steps used in technical and economic evaluation of power
system projects
D2. Use the application of the analytical methods to large new projects, smaller
rehabilitation/retrofitting projects, and use knowledge to assist in policy analysis
D3. Undertake independent research/problem solving and present the results at
international energy conferences, and also publish papers in international journals
D4. Have the skills in identifying the links between theory, policy, and practice
D5. Provide support on project evaluation as well as policy and regulatory advisory
services on public-private partnerships (PPPs)
D6. Model energy demand for different end-users including the industrial sector for policy
and regulatory decision making
D7. Work with macroeconomic models to produce results which can help to solve practical
policy and regulatory problems in the energy sector


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