Applied Natural Resource Economics

The reasonable man adapts himself to the world, the unreasonable one persists in trying to adapt the world to himself. George Bernard Shaw

Applied Natural Resource Economics—MS

Fast Facts

  • Faculty members have taught in China, Mongolia, and South Africa.
  • Students from twenty-five different nations have enrolled in the program.
  • Faculty members have testified in important natural resource damage assessment litigation cases, taught overseas as Fulbright lecturers, and served on the editorial board of the journal Resources Policy and on the Natural Research Council’s Committee of Earth Resources.

Learn more about the Applied Natural Resource Economics program.

Graduate Program in Applied Natural Resource Economics

The Master of Science in Applied Natural Resource Economics focuses on economic and business aspects of natural resources in industry. Research areas include environmental damage assessment, petroleum taxation regimes with real options, metal market economics and policy, natural resource use and sustainability, natural resource management and policy. Mineral economics studies are a traditional strength of the School.

The flexible degree program allows students to tailor the program to fit their individual needs while learning basic core material in economic analysis, project evaluation, and statistical analysis. The program is generally completed in two academic years and requires a thesis.

Learn more about the Applied Natural Resource Economics program.

Master's Degree: Thesis Option

This option requires a research thesis prepared under the supervision of the advisor.  The thesis describes a research investigation and its results. The scope of the research topic for the thesis should be defined in such a way that a full-time student could complete the requirements for a master’s degree in twelve months or three semesters following the completion of course work by regularly scheduling graduate research credits. 

The minimum requirements are as follows:

Course work (minimum) 20 credits
Thesis research 6–10 credits
Total (minimum) 30 credits
Distribution of course work credit  
5000–6000 series (minimum) 12 credits
3000–4000 level (maximum) 12 credits


Programs may have stricter requirements and may require more than the minimum numbers of credits listed here.