Global Environmental and Resource Economics

Global Resource Economics

The Specialization in Global Environmental and Resource Economics is designed for IPED students who have an intermediate level undergraduate background in both microeconomics and macroeconomics. It is specifically designed to train economists for public service who will have a global appreciation and understanding of environmental issues and the economic role of natural resources in today’s increasingly integrated world.

To ensure that you have a strong economic foundation to understand global environmental issues you will take International Economic Policy, International Monetary Policy, Economic Development Policy and Applied Econometrics.

To provide you with a strong background in environmental issues and resource economics you will be required to take Environmental and Resource Economics along with Agriculture & Development and/or Epidemics and Development. Because of its heavy economic content (21 credits of economics plus a statistics course, Applied Econometrics), anyone completing it will qualify for designation as an economist by the US federal government.

The US Presidential Management Fellow Program has also designated Resource Economics as a STEM (science, technology, engineering and mathematics) field, which can be an important designation for individuals seeking careers with the US government. The below plan of study will need to be modified for students lacking an intermediate level undergraduate background in both microeconomics and macroeconomics.

Requirements and Recommended Courses

Resource Economics Core (6 credits)

Development Economics (3 credits)

Economic Theory (6 credits)

Econometrics (3 credits)

Economics Electives (6 credits)

  • Any two economics courses

Recommended Course Sequence

First Year of Study
Fall Semester
Provides a rigorous foundation in economics, political and quantitative analysis, plus a solid introduction to environmental and resource economics.

  1. Economic Development Policy (prerequisite: intermediate micro and macroeconomics)
  2. Comparative Political Analysis or Analysis of International Politics (or Political Economy of Development if you have undergraduate courses in either Comparative Politics or International Politics)
  3. Applied Econometrics
  4. Environmental & Resource Economics

Spring Semester
Studies global economic relations from both an economics and political science perspective. Continues with additional electives in international and development economics

  1. International Economic Policy
  2. Politics of Global Economic Relations
  3. Economics Elective
  4. Any Elective

Summer
Allows a student to gain practical experience in New York, Washington, D.C. or overseas.

  1. Internship and up to two electives (one should be in economics)

Second Year of Study
Fall Semester
Students can take additional electives in international and development economics.

  1. Agriculture & Development or Epidemics and Development
  2. International Monetary Policy (prerequisite: intermediate micro and macroeconomics)
  3. Internship and up to two electives if not done during the summer (one is in economics)
  4. Prepare for and take the Comprehensive Examinations

Students who wish to do the dual MA in Economics must also take during this semester Math for Economist I and Price Theory I.