Energy economics is the field that studies human utilization of energy resources and energy commodities and the consequences of that utilization. In physical science terminology, “energy” is the capacity for doing work, e.g., lifting, accelerating, or heating material.
Colleges and Universities Offering Master of Science in Energy Economics in Ghana:
GIMPA
Entry Requirements
An applicant to the Master of Science in Energy Economics programme is required to meet the following entry level requirements:
Earned a Bachelor’s degree in economics or the equivalent from a recognized university or institution
Graduated with a minimum of 2nd Class Lower Division.
Applicants with degree classifications lower than 3rd Class with quantitative background must pass an entrance examination in addition to an interview.
What does an energy economist do?
An energy economist conducts research into topics related to the supply and use of energy worldwide.
This is a highly interdisciplinary field that includes not just the economics of global supplies, but also issues like climate change, indigenous rights, politics, and sustainability.
What is the role of energy in economic development?
Energy is one of the most important inputs for economic development. From a physical viewpoint, the use of energy drives economic productivity and industrial growth and is central to the operation of any modern economy.
Many studies suggest that energy consumption has a high positive correlation with economic growth.
How Energy Economics is an applied economics discipline?
Energy economics is the application of economics to energy issues. Central concerns in energy economics include the supply and demand for each of the main fuels in widespread use, competition among those fuels, the role of public policy, and environmental impacts.