A master’s degree in energy economics can offer many opportunities, with global clean energy spending predicted to reach $1 trillion by 2020. Consider the area of specialization, courses required, and additional training in related fields. Many schools offer this degree, and additional training can be found at seminars or symposiums.
Those who are concerned with the use and supply of energy in our world may be interested in pursuing a master’s degree in energy economics. With some energy analysts predicting annual spending levels in the global clean energy economy to reach $1 trillion (2020) by 2020, a master’s in energy economics can offer many opportunities. Before starting down this path, obtain the appropriate undergraduate degree and then determine which area of energy economics interests you most. Identify the schools offering this degree and the types of courses required before making a final decision. Consider additional training in the area of energy savings you want to specialize in.
There are several schools that offer masters in energy economics. All of these graduate programs require a bachelor’s degree. The challenge is making a decision about where to work in this field and which courses will work best for your undergraduate and graduate studies. You could work in the finance sector of business and study economic theory, or you could get into the political side of business and help develop future energy policy. Most careers advisers will advise finding out more about the areas you are most interested in and then pursuing the one that suits you best.
In addition to economics, many areas of study are also associated with this type of degree; so take some time to consider all of your study options. As energy economics is also closely related to geology, energy engineering, ecology and political science, studying in these areas can also be beneficial when pursuing a master’s degree in energy economics. Courses in various areas such as climate change policy, security of supply, sustainability, demand response and environmental policy may be offered to those working with a master’s in energy economics. Different areas require different courses and training; therefore, choose the right courses for the area you would like to work in.
Once you’ve selected an area of specialization and acquired the proper training and education to earn a Master’s in Energy Economics, focus on acquiring additional training in your specific area. Obtaining a PhD in a related field can provide some additional opportunities in that field. Additional training can also be found at seminars or symposiums and can include topics such as mineral resource policy making, renewable energy regulation, energy industry restructuring and many other topics.
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