The MSc in Environmental and Natural Resource Economics is one of three specialist Masters in Economics programmes available at Durham. The programme provides the opportunity to fully explore the economic realities of environmental challenges, whilst taking an in-depth look at the crucial issue of the management of its natural resources.
Your programme is comprised of a set of core and optional modules, culminating in a research-based dissertation. Core learning covers key models of advanced macroeconomics and microeconomics, and tools of econometric analysis. Two field-specific core modules include environmental and climate economics and natural resource economics, covering topics such as ecological systems over time, natural resource constraints and fisheries and forests.
Offering the flexibility to tailor your programme, you will then be able to choose from a selection of optional modules. The dissertation then enables you to develop your research skills, through an in-depth investigation at an advanced level of a topic relevant to your degree.
The programme is delivered by the Department of Economics, renowned internationally for its research and teaching excellence and is one of four departments at Durham University Business School. The Business School is one of the an elite group of institutions accredited by all three major business education accrediting bodies: the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA), and the European Quality Improvement System (EQUIS).
You will need the equivalent of a UK upper second-class single or joint honours degree in Economics, Finance, Mathematics, Statistics, Physics, Computer Science or Engineering. Applicants with degrees in other subjects are encouraged to apply as long as they have achieved good grades in two Mathematics/Statistics/Econometrics modules covering calculus, probability theory/econometrics and ideally linear algebra.
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The Department is recognised around the world for the real-world relevance and practical insight provided by its teaching and research as well as the wide-ranging knowledge and abilities of its postgraduate community.
With the analytical and interpersonal skills you will nurture at Durham, you will be well-placed to continue your research at a higher level or pursue your ambitions in a rewarding and interesting professional career role in a wide range of areas.
Our economics postgraduates have gone on to work in sectors including, Consultancy, Technology, Financial Services and Government.
You will study the following core modules:
You will then choose one of the two modules below:
Microeconometrics provides the tools required to conduct policy evaluation using microeconomic cross section and panel datasets.
OR
Times-Series Analysis provides the tools required to model stationary and non-stationary time series data and obtain forecasts from econometric models.
In recent years optional modules have included:
You will then choose a further two optional modules, up to the value of 30 credits, from a list which has typically included:
Time-Series Analysis*
Microeconometrics*
Behavioural Economics
Development Economics
Experimental Economics
Game Theory
Industrial Organisation
International Trade and Finance
Money and Banking
Language module offered by the Centre for Foreign Language Studies
*can only be chosen as an optional module if the module is not studied as a core
Note that current modules and their contents are indicative and may change in the academic year 2025/2026.
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