Economics and Policy of Energy and the Environment MSc

This new MSc is unique in the UK in focussing on five core areas which have risen rapidly up the public agenda – environment, climate and energy economics, modelling and policy – and for which there is a need for highly qualified practitioners with the skills to analyse the issues and relate the results to policy.

Mode of study

  • Full-time 1 year
  • Part-time 2 years
  • Flexible 3-5 years

Tuition fees

  • UK/EU Full-time: £10,800
  • Overseas Full-time: £19,550

Application date

  • All applicants: 1 August 2014
  • Flexible/Modular: 5 September 2014

More details in Application section.

What will I learn?

Students will reach a deep understanding of different economic and policy approaches to the resource and environmental problems facing the global community and nation states, especially in respect to energy and climate change. They will learn how to apply a range of analytical methods to resolve these problems in a broad range of practical contexts.

Why should I study this degree at UCL?

The UCL Energy Institute is world leader in a range of areas covered by the course, e.g. energy systems, energy economics, energy & environmental policy and law and behavioral aspects of energy use.

Our sister institute, UCL Institute of Sustainable Resources, provides additional expertise on, e.g. resource economics. These areas are increasingly important due to related challenges, such as climate change, resource exhaustion and energy affortability.

There is a definite need for quantitative, practical environment and resource economists who understand policy. The appeal of this MSc is two-fold: it offers those with quantitative first degrees the chance to acquire high-level, energy-environment-economy modelling skills, but in relaxing the level of mathematical skills required, it is also ideal for those with largely non-quantitative first degrees also.

Students undertake modules to the value of 180 credits. The programme consists of five core modules (75 credits), three optional modules (45 credits) and a dissertation (60 credits).

Core Modules

  • Environmental and Resource Economics
  • Evidence, Policy Asssessment and Environmental Law
  • Modelling, Methods and Scenarios
  • Political Economy of Energy Policy
  • Research Concepts and Methods


  • Choose any three of the following:
  • Advanced Energy-Environment-Economy Modelling
  • Business and Sustainability Energy, People and Behaviour
  • Energy, Technology and Innovation
  • UK Energy and Environment Policy and Law
  • Advanced Quantitative Methods


All students undertake an independent research project which culminates in a 10,000-word dissertation.

Teaching and Learning

The programme is delivered through a combination of lectures, seminars, tutorials and project work. Assessment is through examination, coursework and by dissertation.

Further details available on subject website:

Scholarships available for this department

Brown Family Bursary

This award is based on financial need.

Bartlett Masters Scholarship

These scholarships are based on financial need.

Further information about funding and scholarships can be found on the Scholarships and funding website.

Entry requirements

Normally a minimum of an upper second-class UK Bachelor’s degree in a relevant discipline (economics, economics-plus, a science or engineering subject) or an overseas qualification of an equivalent standard is required. A second-class or non-quantitative degree may, however, be considered provided that some aptitude, e.g. at A level, has been demonstrated for quantitative analysis. These requirements may be relaxed for mature students who can demonstrate aptitude and experience in business, government, etc.

International equivalencies

Select your country for equivalent alternative requirements

English language proficiency level: Standard

How to apply

Applications should be made by 1 August 2014 or by 5 September 2014 for flexible/modular applicants.

Who can apply?

  • Economics graduates and those with a strong minor in economics or business
  • Science and engineering graduates who want to make an interdisciplinary career in this expanding field
  • Those with largely non-quantitative degrees who want to develop quantitative skills and work in a more policy-related way

    What are we looking for?

    When we assess your application we would like to learn:

    • how your academic and professional background meets the demands of Economics and Policy of Energy and the Environment
    • why you want to study Economics and Policy of Energy and the Environment at graduate level
    • what particularly attracts you to this programme at the UCL Energy Institute
    • where you would like to go professionally with your degree and how this programme meets these needs
    Together with essential academic requirements, the personal statement is your opportunity to illustrate why you are suited to this programme.


Graduates of this programme will be equipped to become leaders and enterpreneurs in their chosen area of specialisation, whether in terms of policy making, the business management of sustainable issues, energy system modelling or their understanding and application of the innovative system.

The skills that they will acquire will make them strong applicants for employment in a range of sectors in which sustainability has become an important consideration, including business, central and local government, think tanks and NGOs and universities and research institutes.


The uniquely interdisciplinary nature of this Master's provides students with practical skills which are highly sought by employers from a variety of fields. Students will get the opportunity to attend networking events, career workshops and exclusive seminars held at UCL Energy Institute.

Next steps


Ms Kate Rice

T: +44 (0)20 3108 5963


UCL Energy Institute

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Prospectus subject

Energy Institute

Faculty overview

Built Environment


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Student View

"Many events and seminars are organised by the UCL Energy Institute or the Bartlett School. They are usually delivered by eminent people in the sector (both from academy and industry). Students are always welcome and warmly encouraged to take part in the discussion and networking sessions."

Virginia Gori

Degree: Energy Demand Studies MRes

Staff View

"UCL has given me the freedom and space to think through difficult problems that I thought were important and yet under-studied internationally, with the potential to contribute to both the industry and policymaker led solutions to those problems."

Dr Tristan Smith

Lecturer in Energy and Transport