M A (Masters) in Energy Economics

Basic university:

Banaras Hindu University, A Comprehensive University, as Institute of Eminence, of International Repute and of more than Hundred Years Old.

URL of the University: http://www.bhu.ac.in

Educational program / degree:

Master’s Degree in Energy Economics (M. A in Energy Economics).

Duration: Two years full time duration with 4 semesters emphasizing both on class room teaching and field work.

Eligibility: Eligibility: B.A. (Hons.) Economics/ B.Com./B.Sc./B.A. Programme with Economics or B.Tech. or MBA with minimum of 50% aggregate marks from a recognized University/Institute. The course will be taught in English Medium only.

NOTE: In addition to the above that the candidates must have minimum 50% marks at Higher and Senior Secondary level with Mathematics as one subject. However, this course requires advance knowledge of mathematics.

Responsible person: Prof. Mrutyunjaya Mishra, Course Coordinator, Professor of Economics (Environmental Economics), Department of Economics, Faculty of Social Sciences, Banaras Hindu University, Varanasi-221005, Mobile No: +91 9838419845, email: coordinator.energyeco@bhu.ac.in; mmishrabhu@gmail.com.

Program description:

Background to the Course:

This course owes its Origin to the BRICS-NU programme to which Banaras Hindu University is an International Partner. Of few selected Core Areas of Research and Higher Study Energy is an important part and Energy Economics is one among the cores. Its our proud privilege that the Esteemed Banaras Hindu University happens to be a lead partner of this Core Area and Group. On the initiation of the Hon’ble Vice Chancellor and the guidance of the Dean of Faculty of Social Sciences, Department of Economics decided to launch this course, Master of Arts in Energy Economics

Course preamble:

Efficiency and sustainability of energy system are pre-requisites for Sustainable Development and the challenges to achieve this lie at the interface of technology, innovation and human behavior. This course is tailored for the student desiring an understanding of the relationship between the energy sector and the wider economy. It covers additional topics in related and associated fields of Management, Commerce, Engineering, Mining and Natural Resources with emphasis on tracing the national and Global impacts and implications of energy sector decisions. This course provides an overview of the economic, technological, and political forces that shape the global energy industry, the methods governments use to regulate the industry, and the business models that emerge.

The course aims at broadening the vision of students while making any energy related decision as a technology developer, energy manager, entrepreneur, policy maker, researcher in future or simply for personal energy use in day to day activities.

Topics to be covered include, resource based energy activities, depletion policy and environmental issues, pricing security and sustainability.

The course begins by framing the industry in its microeconomic context and uses that framework to explore the role of technology and innovation, global markets and geopolitics, and the regulation of externalities including climate change. The readings and coursework will use specific examples from the power, renewables, oil & gas, and environmental sectors from the both developing and developed countries and other select geographies to illustrate these forces in context. Students can tailor their final policy memo towards their topics of interest.


The aim of the of the Masters in Energy Economics programme is to prepare the students for managerial , advisory and academic position in the energy sector. The programme aims to provide an intellectually challenging academic programme which will strengthen the ability of students to analyse, synthesise and evaluate key theoretical concepts and practical applications in energy with emphasis on the economic dimensions of the subject. Since the world’s long term economic development depends on the existence of efficient, innovative and creative energy industries individuals who possesses sound knowledge on various aspects

like economic, commercial, technical, management and environmental aspects will be of high demand and cater to the need of both at national and international level.


Course Curriculum of Energy Economics

All papers covered under the course are Core courses of 4 credits each and dissertation is 4 credits. The internship is assigned with 4 credits. So total credit score is 84 credit.


Co​urse No

Cou​rs​e Title

Course No

Course Title







MEE -201



MEE -102

Energy Economics

MEE -202

Basic and Applied Econometrics


MEE -103

Environmental Economics

MEE -203

Advanced Resource Economics


MEE -104

Mathematical Economics

MEE -204

Investment and Portfolio Management


MEE -105

Applied Statistics


Advanced Mining and Evaluation






Operations Research

MEE -401

Economic Evaluation and Project Management



Research Methods for Energy Analysis


Management of Technology for Energy



International Trade in Energy resources

MEE -403 

International Business Strategy and Energy Sector


MEE -304

Energy, Economy and Society

MEE -404

Energy, Climate Change and Global Politics



Accounting and Finance 

MEE -405

Field Work based Dissertation

Presentation: Students are required to undergo Summer Internship during the summer vacation between II and III semester and prepare reports about their learning, education and training during summer internship.

Further students submit a Master Dissertation at the end of the Semester as a partial fulfillment of the course and the dissertation is of 4 credits.

Other materials: Course and Source Materials provided to students by teachers and resource persons from time to time. Standard books and study materials prescribed for reference as study and reference materials.