GLOBAL ENERGY BUSINESS
PROGRAM Brief Description
Degree: Master of Management
Program credits: 120 ECTS
Program Duration: 2 years
Language of Instruction: English
Head of the Program: Dr. Leonid Gitelman
Graduate School of Economics and Management
Office Phone: +7-343-375-41-31
E-mail: m.v.kozhevnikov@urfu.ru, np.fre@mail.ru
The objective of the program is to contribute to building a global elite group of
professionals capable of working in any energy company in the world where the energy policy
for the 21st century is being forged.
The goal of the program is the training of highly qualified professionals for employment
in global and domestic energy markets, overhaul projects in power generation based on cuttingedge innovative technologies, in engineering, analysis and research, which requires broad vision
and unconventional interdisciplinary approaches.
The contents of the program meet the challenges and managerial training requirements
that are dictated by the dynamic internationalization of the energy sector (major inter-country
grids and pipeline systems are being built; cross-national energy markets are emerging; tougher
environmental regulations are being applied to the world power generation sector etc.). It is
infused with the spirit of innovation, change, team work combined with a personalized approach
and personal development.
What makes the program special is that it places emphasis on advanced teaching methods
that build competency to act ahead amid uncertainty and risk in the external environment. The
program includes field trips to innovative power production facilities operated by Russian
companies – recognized world leaders in the energy industry (oil and gas companies, utilities,
nuclear power plants).
The program is designed in modules which include economics and management in the
energy sector; globalization issues in the energy sector; power generation, environment, safety
and security, interdisciplinary practical classes and electives. The syllabus covers:
 international, domestic and regional energy markets;
 asset management for energy companies;
 energy efficiency and energy conservation;
 energy services;
 advanced energy technologies;
 environmental and natural resources economics;
 finance and investment etc.
A regular lesson structure will include, firstly, discussion time of the required readings
according to the proposed format: discussion, roundtable, debate, simulation etc. Secondly, there
will be some time for synthesizing and summarizing the material. Thirdly, the instructor will
present some ideas of possible ways of thinking and analyzing the readings. Finally, there will be
a period for reflection on the readings, questions from the students and guidelines for the next
class.
Program prerequisites:
To apply for this course an applicant should provide with a Bachelor Diploma (in engineering,
economics, law and management).
Program requirements and Evaluation:
Students are required to attend seminars, participate in discussions, write several comparative
essay, make peer review one of their classmates’ papers, take a midterm quiz and participate in a
presentation of their group project toward the end of the semester, make group research papers,
final research and Master thesis defense; and to take a final oral exam. Each assignment is to be
evaluated according to course criteria which correspond to general university criteria.
Grading:
ECTS Grade
A
B
Points
100-91 points
90-81
Russian grade
“excellent”: 100-87 points
“good”:
C
86 - 73 points
80-71
“satisfactory”: 72 - 60 points
D
F: failed
70-61
less than 60 points: failed
“unsatisfactorily”: failed, less than 60 points
Exchange Semester:
The program includes one exchange semester (20 ECTS) at partner university Politecnico di
Torino with further transfer of credits obtained if a student has passed all exchange courses with
a minimum “D” grade or better; the cost of tuition fee for exchange semester is included into the
program tuition fee; the costs of living, transport and insurance is not included and should be
covered by a student; a limited number of scholarships are available on competitive basis.
Internship:
Professional Internship (10 ECTS) is foreseen at for example, JSC “Yekaterinburg Electric Grid
Company” or “Interregional Distributive Grid Company of Urals”
Program Outline:
Code
Course Title
Б1.1
Б1.6
Б1.8
Б1.13
Б1.18
Б1.19
Managerial Economics
Asset Management of an Energy Company
Global Trends in The World Economy
Energy marketing
Experts interaction
Organizational and activity games
Elective course: General Theory of Systems and System
Approach to Management or Modern Methods and
Technologies of Training
Research Methods in Management
Corporate Finances
Infrastructure of Energy Business
Cross-cultural communications in international cooperation
Elective course: Fundamentals of Managerial
Professionalism or Leadership
Elective course: Conceptual Design of Business
Development or Economics of Energy Companies
Б1.23
Б1.2
Б1.4
Б1.7
Б1.9
Б1.22
Б1.24
Number
Semester Language
of ECTS
4
1
English
3
1
English
2
1
English
2
1
English
2
1
English
2
1
English
3
1
Russian
3
4
2
2
2
2
2
2
Russian
Russian
Russian
English
3
2
Russian
3
2
Russian
Б2.1
Educational practice
3
2
Б1.3
Б1.5
Б1.10
Organizational Theory & Behaviour
Modern Strategic Analysis
Corporate social responsibility in energy industry
4
3
2
3
3
3
English/
Russian
Russian
Russian
English
Code
Course Title
Б1.11
Б1.12
Б1.14
Б1.17
Б1.16
Project management
Advanced energy technologies
Energy service markets
Ecological and economic evaluation of investments
Innovative environmental technologies
Elective course: Improving the Labour Organization and
Remuneration or Technologies of Personnel Development
Elective course: Systems of Energy Efficiency Management
or Dispatching Management in Energy Industry
Elective course: Investment Analysis or Investment
Management in Large Companies
Б1.20
Б1.21
Б1.24
Number
Semester Language
of ECTS
3
3
English
3
3
English
2
3
English
3
3
English
2
4
Russian
2
4
Russian
2
4
Russian
2
4
Russian
English/
Russian
English/
Russian
English/
Russian
Б2.2
Pre-diploma practice
9
4
Б3.1
Exams and Thesis Defence
9
4
Б2.3
Research work
35
1-4
Environmental compatibility of energy
3
3
English
Energy resources
3
3
English
Environmental impact of energy production
3
3
English
Economic evaluation of energy production
3
3
English
Renewables
3
3
English
Exchange
semester
Exchange
semester
Exchange
semester
Exchange
semester
Exchange
semester
Learning outcomes:
Graduates of the program are qualified to: strategically lead and organize production,
engineering and research operations in an energy company; lead investment programs and
projects and collaborate with government agencies, business and international experts; improve
production structures and business processes in line with international standards; assess and
utilize competitive advantages of energy facilities when operating in energy markets; collaborate
effectively with shareholders, energy market participants, national and international government
bodies and regulators.
Employability:
Graduates are of great demand at companies focused on energy production, distribution, retail or
maintenance.