The ENE major broadly focuses on the economic fundamentals of energy and natural resource value chains and examines the strategies and responses to more competitive energy and natural resource markets, as well as the interactions of business and government in commercial energy and natural resource development. Moreover, a central topic in the ENE major is the environmental impact of business and government decisions. You may choose to specialize within four different tracks:

• Energy and Electricity
• Natural Resources
• Environment, Climate, and Sustainability
• Shipping and Transport

Select courses equivalent to 45 ECTS according to the plan below for a major in Energy, Natural Resources, and the Environment. Together with your master thesis (30 ECTS), this constitutes your major. A seminar counts as 1/3 of a regular course, i.e. a combination of three seminars counts as a full course. One seminar can be replaced by an internship of a duration of one month in a company/organization whose main activities are in ENE sectors. It is highly recommended that the mandatory courses (including core courses and empirical methods) be taken in the first or second semester.

Mandatory course:

• ENE423 Economics of the Environment and Climate (7.5 ECTS)

Core courses – minimum one course:

• ENE424 Electricity Markets (7.5 ECTS)
• ENE425 Sustainable Energy (7.5 ECTS)
• ENE431 Shipping Economics and Analytics (7.5 ECTS)
• ENE478 The Economics of Petroleum and the Energy Transition (7.5 ECTS)
• ECO439 Resource Economics (7.5 ECTS)

Empirical Methods – one course:

• BAN400 R Programming for Data Science (7.5 ECTS)
• BAN401 Applied Programming and Data Analysis for Business (7.5 ECTS)
• BAN402 Decision Modelling in Business (7.5 ECTS)
• ECN402 Econometrics (7.5 ECTS)
• STR402A Methodology for Master Thesis (7.5 ECTS)

Examples of recommended courses and seminars under the four tracks (mandatory and core courses in bold face):

Energy and Electricity:

• ENE421 Energy and Resource Industries (7.5 ECTS)
• ENE424 Electricity Markets (7.5 ECTS)
• ENE425 Sustainable Energy (7.5 ECTS)
• ENE434 Energy Industry Analytics (7.5 ECTS)
• ENE478 The Economics of Petroleum and the Energy Transition (7.5 ECTS)
• ENE471 Machine Learning for Energy Markets Data (2.5 ECTS)
• ENE472 Canadian and US Energy Markets: Meshed and Challenged (2.5 ECTS)
• ENE474 Energy Finance (2.5 ECTS)
• ENE475 Natural Gas Markets (2.5 ECTS)
• BAN423 Benchmarking with DEA, SFA, and R (2.5 ECTS)

Natural Resources:

• ENE421 Energy and Resource Industries (7.5 ECTS)
• ENE478 The Economics of Petroleum and the Energy Transition (7.5 ECTS)
• ECN429 The Economics of Aquaculture and Fisheries (7.5 ECTS)
• ECO439 Resource Economics (7.5 ECTS)
• ENE475 Natural Gas Markets (2.5 ECTS)
• ENE476 Offshore Energy Resources (2.5 ECTS)
• ENE477 Deep-sea mineral resources (2.5 ECTS)
• ENE479 The Economics of Fisheries and Aquaculture (2.5 ECTS)
• ENE482 International Fisheries Management (2.5 ECTS)

Environment, Climate and Sustainability:

• ENE421 Energy and Resource Industries (7.5 ECTS)
• ENE423 Economics of the Environment and Climate (7.5 ECTS)
• ENE425 Sustainable Energy (7.5 ECTS)
• ENE435 Sustainable Supply Chain (7.5 ECTS)
• ACC413 Sustainability & ESG Reporting (7.5 ECTS)
• BUS446 Sustainable Business Models (7.5 ECTS)
• ETI450 Corporate Social Responsibility (7.5 ECTS)
• FIE421 Macroeconomic Analysis and Sustainability (7.5 ECTS)
• FIE459 Sustainable Finance (7.5 ECTS)
• MBM432 Sustainable marketing (7.5 ECTS)
• ENE452 Seminar: Climate Change and Ethical Challenges (2.5 ECTS)
• ENE456 Corporate and Private Environmental Responsibility (2.5 ECTS)
• ENE467 Energy and Climate Policy (2.5 ECTS)
• ENE481 Climate Risk (2.5 ECTS)

Shipping and Transport:

• ENE421 Energy and Resource Industries (7.5 ECTS)
• ENE430 Commodity Trading and Transport (7.5 ECTS)
• ENE431 Shipping Economics and Analytics (7.5 ECTS)
• FIE460 Ship Finance and Marine Insurance (7.5 ECTS)

Other electives:

• ECN420 Petroleum Economics (7.5 ECTS)
• ECO401 Optimisation and Microeconomic Theory (7.5 ECTS)
• ENE470 Climate Change: Strategies and Role Play (Model UNFCCC) (7.5 ECTS)
• NBD406 Strategic Entrepreneurship (7.5 ECTS)
• STR404 Strategic Analysis (7.5 ECTS)
• ENE473 Real Options Analysis of Electricity Markets (2.5 ECTS)
• ENEINT Internship (2.5 ECTS)

Master's Thesis:

• ENETHE Independent work/thesis ENE (30 ECTS)

Knowledge

Upon successful completion the student:

• K1: Will have insight in theories, models, tools and methodologies for analysing the energy and resource sector.
• K2: Can demonstrate knowledge about theoretical models for analysing the energy and resource sector.
• K3: Will be able to perform empirical and practical analysis of firms and industries within the energy and resource sector.
• K4: Will have knowledge about theories and methodologies for analysing questions relating to sustainability in any sector and industry.
• K5: Will have understanding of the applicability and practical implementation and limitations of such models.

Skills

Upon successful completion the student will be able to:

• S1: Apply the knowledge gained to practical issues and questions related to the energy and resource sector.
• S2: Solve questions related to sustainable development for any industry.
• S3: Choose appropriate models, tools and methodologies when facing new challenges.

General Competence

Upon successful completion the student will be able to:

• G1: Plan and execute tasks and projects relating to sustainability and environmental impact.
• G2: Plan and execute tasks and projects relating to management of both renewable and non-renewable resources.
• G3: Evaluate external effects and footprints of various actions.
• G4: Communicate, cooperate and exchange insight in all kinds of questions relating to long-term sustainability and environmental aspects regarding all kinds of industries.

The ERS-requirement is covered by the mandatory course, ENE423.

Sustainability is a central theme in all tracks and most of the courses in the ENE major. Below is a list of topics studied under the different tracks, and the most important UN Sustainable Development Goals that are addressed.

Energy and Electricity (SDG 7, 9, 11, 12, 13):

• Analysis of electricity markets and regulation
• Oil and gas
• Hydropower
• New renewable energy

Natural Resources (SDG 6, 7, 12, 13, 14, 15):

• Management of natural resources
• Fisheries and aquaculture
• Forestry
• Minerals, oil and gas

Environment, Climate and Sustainability (SDG 6, 7, 9, 11, 12, 13, 14, 15, 16):

• Sustainable production and environmental footprint
• Management / policies / strategy
• Innovation and new business ideas

Shipping and Transport (SDG 9, 11, 14):

• Shipping economics and finance
• Analytics

As an NHH student, you have excellent opportunities to gain valuable international experience during your studies through semester exchange, the Double Degree programme, CEMS, Engage.EU, Intern Abroad and summer courses. In the Double Degree programme, there are many opportunities for ENE students, including Double Degrees with institutions such as Bocconi, HEC Montréal, HEC Paris, Ivey, Louvain, Luiss, Universität Mannheim, and University of Queensland.

READ MORE

The ENE major prepares you with knowledge and skills for a career within sectors such as renewable energy, fisheries, aquaculture, shipping, petroleum, and environmental management among others. However, job opportunities are not limited to specific sectors, as sustainability has become a key concept in all industries, and the ENE major is a general education in business economics.

Read more about career possibilities for NHH graduates

To take Energy, Natural Resources and the Environment as a minor, you need 22.5 ECTS from the profile’s portfolio of courses and seminars.

One of these:

• ENE423 Economics of the Environment and Climate (7,5 ECTS)
• ENE424 Electricity Markets (7,5 ECTS)
• ENE425 Sustainable Energy (7,5 ECTS)
• ENE431 Shipping Economics and Analytics (7,5 ECTS)
• ENE478 The Economics of Petroleum and the Energy Transition (7,5 ECTS)
• ECO439 Resource Economics (7,5 ECTS)

15 ECTS from the courses listed below:

• ACC413 Sustainability & ESG Reporting (7,5 ECTS)
• BUS446 Sustainable Business Models (7,5 ECTS)
• ECN420 Petroleum Economics (7,5 ECTS)
• ECN429 The Economics of Aquaculture and Fisheries (7,5 ECTS)
• ECO439 Resource Economics (7,5 ECTS)
• ENE421 Energy and Resource Industries (7,5 ECTS)
• ENE423 Economics of the Environment and Climate (7,5 ECTS)
• ENE424 Electricity Markets (7,5 ECTS)
• ENE425 Sustainable Energy (7,5 ECTS)
• ENE430 Commodity Trading and Transport (7,5 ECTS)
• ENE431 Shipping Economics and Analytics (7,5 ECTS)
• ENE434 Energy Industry Analytics (7,5 ECTS)
• ENE435 Sustainable Supply Chain (7,5 ECTS)
• ENE470 Climate Change: Strategies and Role Play (Model UNFCCC) (7,5 ECTS)
• ENE478 The Economics of Petroleum and the Energy Transition (7,5 ECTS)
• ETI450 Corporate Social Responsibility (7,5 ECTS)
• FIE421 Macroeconomic Analysis and Sustainability (7,5 ECTS)
• FIE459 Sustainable Finance (7,5 ECTS)
• FIE460 Ship Finance and Marine Insurance (7,5 ECTS)
• MBM432 Sustainable Marketing (7,5 ECTS)

Seminars:

• BAN423 Benchmarking with DEA, SFA, and R (2,5 ECTS)
• ENE452 Seminar: Climate Change and Ethical Challenges (2,5 ECTS)
• ENE456 Corporate and Private Environmental Responsibility (2,5 ECTS)
• ENE467 Energy and Climate Policy (2,5 ECTS)
• ENE471 Machine Learning for Energy Markets Data (2,5 ECTS)
• ENE472 Canadian and US Energy Markets: Meshed and Challenged (2,5 ECTS)
• ENE473 Real Options Analysis of Electricity Markets (2,5 ECTS)
• ENE474 Energy Finance (2,5 ECTS)
• ENE475 Natural Gas Markets (2,5 ECTS)
• ENE476 Offshore Energy Resources (2,5 ECTS)
• ENE477 Deep-sea Mineral Resources (2,5 ECTS)
• ENE479 The Economics of Fisheries and Aquaculture (2,5 ECTS)
• ENE481 Climate Risk (2,5 ECTS)
• ENE482 International Fisheries Management (2,5 ECTS)
• ENEINT Internship (2,5 ECTS)