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Environmental and Natural Resource Economics MSc

Environmental and Natural Resource Economics MSc

Key information

Qualification type

MSc - Master of Science

Subject areas

Natural Resource Economics Environmental Management Management Studies / Science

Course type


Course Summary

Climate change, deforestation and unsustainable use of resources are all issues at the top of the environmental agenda. An understanding of the interactions between the environment and economics is essential for developing appropriate policies to tackle global issues in the long term. Environmental and natural resource economists deal every day with the most challenging problems facing mankind: global climatic change, environmental pollution, deforestation, biodiversity loss, water scarcity and food poverty, to name but a few.

The Environmental and Natural Resource Economics MSc programme is unique in that it combines a solid foundation in key areas of economics, with specialized field courses. Our students receive a thorough grounding in macroeconomics, microeconomics and econometrics, alongside an in-depth knowledge of the economics and policy of environmental pollution, renewable and non-renewable resource use, as well as the interaction between globalization and environmental degradation. In addition, we emphasise the development of the quantitative skills necessary to understand and perform empirical work in economics, with particular attention to the valuation of environmental goods in monetary terms.

During your time studying the Environmental and Natural Resource Economics MSc at Birmingham Business School, you can expect to learn about: global environmental pollutants and climate change, emissions trading schemes, the links between trade and the environment, the role of innovation and technological change policy in securing a transition to a low carbon economy, the optimal management of fisheries and forests as well as fossil fuels and mineral resources, hedonic analysis and choice experiments as methods of valuing intangible goods, how to modify national accounts to reflect resource depletion and pollution.

Different course options

Full time | Edgbaston Campus | 1 year | 21-SEP-20

Study mode

Full time


1 year

Start date



Students are introduced to the concept of the externality, the Coase theorem and the importance of property rights as a determinant of market failure. Alternative revelation methods for determining the value of public goods are presented. The optimality of the Pigouvian tax based solution is derived and contrasted to other regulatory methods of pollution control including tradable permits, environmental subsidies and command and control. The proper implementation of these measures is explored within the context of imperfect competition, imperfect mixing, imperfect monitoring ability, uncertainty and tax interaction effects. The final part of the course deals with the monitoring and enforcement of environmental regulations; and the ex-post regulation of environmental hazards using strict and negligence based liability versus ex-ante standards.
Dissertation (Economics) - Core

Tuition fees

UK fees
Course fees for UK / EU students

For this course (per year)


Average for all Postgrad courses (per year)


International fees
Course fees for non-UK / EU students

For this course (per year)


Average for all Postgrad courses (per year)


Entry requirements

Students should have a 2:1 bachelor’s Honours degree (or overseas equivalent) in Economics or a related discipline. You are expected to have received a good training in economics, to at least intermediate level, and to have taken at minimum: Microeconomics, Macroeconomics, Econometrics or Statistics, and Mathematics or a Quantitative module at bachelor’s level.

University information

Part of the Russell Group of UK universities, the University of Birmingham has been developing great minds, encouraging challenging debates and pushing the boundaries of innovation and excellence for over 100 years. Over 14,000 students from over 150 countries choose to study at Birmingham, meaning you will be part of a diverse and vibrant community. 40% of this student population are postgraduates. Birmingham understands that you want to...more