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Applied Natural Resource Economics

Are you fascinated by the management of forest and environmental resources? Do you have a passion for helping and serving others? Combine your interests and find what you were meant to do with Michigan Tech’s Peace Corps Master’s International program in Applied Natural Resource Economics.

Study Locally, Learn Globally

Start by gaining a broad education about crucial real-world topics—public policy analysis, market forecasting, economic theory, commodity markets, and more. Then, receive your Peace Corps placement and travel abroad, using your knowledge to serve the people and respond to the needs of your host country. The best way to explore your research or field of study is through hands-on application in the real world. You’ll come back with the skills, confidence, and education needed to succeed in whatever comes next.

Course Work and Prerequisites


There are no required prerequisites. You should have a background in statistics, analytics, and mathematics. The courses below, or their equivalents, would help you to excel in this program.

  • Calculus (MA1160 or equivalent)
  • Principles of Economics (EC2001 or equivalent)
  • Economic Decision Analysis (EC3400 or FIN4100 or equivalent)
  • Statistics (MA2720 or equivalent)

Course Schedule

The 32-credit program is comprised of four components.

Core courses in statistics, finance, and economics—15 credits

  • Approved course in statistical methods, usually EC4200 Econometrics
  • BA5400 Financial Risk Management and Decision Making
  • EC5300 Managerial Economics or EC5000 Microeconomics
  • EC5400 Advanced Engineering Economics
  • One course from: EC5620 Energy Economics, EC5630 Mineral Industry Economics, EC5640 Natural Resource Economics, or EC5650 Environmental Economics

Required Peace Corps courses—3 credits

  1. FW5770 Community Planning and Analysis
  2. SS5201 Cultural Dimensions of International Immersion and Research

Approved electives in specific field of interest—6 credits

Plan A master’s thesis or Plan B master’s report—8 credits