BSc Petroleum Economics and Policy

Application Process

Funding your course

The programme is intended to provide a good understanding of microeconomics, macroeconomic and empirical studies focusing on economic and policy issues affecting the oil industry and their host countries.

The programme will give candidates solid foundation in international oil and gas, natural resources and environmental economics, the overall principles of energy policy and management. Those whose objective is to work in the economic policy area, both in developed and developing countries, will find the programme particularly beneficial.

The course is a progression point for anyone wishing to work or consult in policy-making in the petroleum and energy sector both in the developed and developing countries. Candidates will learn how to mitigate the effect of any new found natural resource on the overall structure of the economy.

Certificate and Diploma Level Qualification

A level

Required subjects

GCSE English Language and Mathematics at Grade C or above (or equivalent).

English language requirements

Non-native speakers of English will normally be required to have IELTS 4.5 or above.

Other suitable qualifications

We accept a wide range of other qualifications from applicants. We welcome applications from mature students, students interested in direct entry to the second year.

Language Requirement

Students are expected to study one of the following languages in their first or second year:




Teaching and learning

Lectures and tutorial are available online and blocked week seminars at three locations in London, Malta and the Dominican Republic. You will need additional private study and participate in group activities or presentations.

Coursework and Assessment

Assessment will include multiple choice tests, essays, presentation and projects. There is a final dissertation or project.

Course Modules for Year 1

Some course modules are subject to change. You will be notified in advance of any changes.

Compulsory Modules

  • Basic conditions for Petroleum Economics
  • Petroleum Supply and Demand
  • Key players and Structure
  • Analysis of Profitability and Risk

Course Modules for Year 2

Compulsory modules

  • Economic Benefits and Impacts
  • Petroleum Export Boom and the Real
  • Exchange Rate: the money – inflation link
  • Petroleum Sector and structural Change

Course Modules for Year 3

Compulsory Modules

  • Policy implication and control
  • Energy Crises: Perception and Reality
  • The Future of the World Petroleum Industry
  • Integrative Assessment and either
    A macro model of an oil exporter - Using one country as an example
    Or Economic Rent

Career Prospects

This course will provide you with skills and knowledge to start a career in the petroleum industry.

You can work as policymakers in both developed and developing countries, policymakers in countries endowed with oil and other natural resources, managers in the oil and gas industry and those wishing to work in microeconomics, macroeconomics etc.