Two Majors in Applied and Resource Economics

Economics as a discipline focuses on critical thinking and analysis of complex problems that arise in real world interactions between human wants and needs, the natural environment, markets, governing institutions and policies, and long term societal goals.

A strong advantage of choosing either of these majors is that the approach of learning economics through concrete examples is an excellent method for developing the ability to apply the concepts and methods to any other real world situations that you have never seen before and are not found in textbooks!  We happily expose you to the economics of real world complexity!

The common set of core courses for these majors provide a solid foundation in economic theory, methods and communication to a variety of audiences.  Because of this common core, it is easy to achieve a double major in both, or to pick up a minor!  The differences between the majors are in the examples to which we apply our economic understanding.

Other good reasons to enroll in one of these majors:

  • Opportunities for independent study to work individually with a faculty member on a chosen topic related to their interests. 
  • Receive academic credit through internships 
  • Participation in study abroad programs.  
  • The ARE department awards student scholarships totaling between $15,000-$30,000 each year

      Environmental and Natural Resource Economics (ENRE)

      • Training builds strong capacity to analyze economic implications of the societal costs of environmental problems, who bears these costs (where and when).  Training also focuses on economic analysis of alternative policy approaches to important societal challenges including pollution, climate change and adaptation, renewable and non-renewable resources, recycling and waste management, environmental justice and economic valuation of ecosystem services and environmental protection.
      • We encourage students to intentionally choose additional coursework in natural and/or biological sciences to add value to their training as economists with unique abilities to communicate and work beyond disciplinary boundaries.  This professional breadth is highly valued for understanding the complex societal implications of approaches to environmental problems.
      • Environmental and Natural Resource economists work for firms and consulting companies in the private sector and for public agencies. Many students go on for an MS degree to start their careers to take on positions with higher levels of responsibility.

      Economics of Sustainable Development and Management (ESDM)

      This major offers concentrations in:

      • Business Management and Marketing: apply economic concepts to topics that include the organization and operation of businesses and industries, business management, marketing and finance, production, investment choices, international trade, natural resources, regulatory and legal environment, consumer behavior and the food system.
      • Development Economics and Policy: apply economic concepts to topics that include economic development and its application to specific regions and communities, sustainable development, food security, poverty, and policies and programs that target health, nutrition, and other aspects of human wellbeing.

      Applied and Resource Economics

      Please note that this major is no longer being offered to new students.  The two majors described above incorporate all of the components (and course requirements) of the Applied and Resource Economics Major with its three areas of concentration.  We made this change from one broadly named major with the three optional areas of concentration, to our two majors to illustrate what students can do as applied economists. All current students may continue, or choose to switch to one of the other majors.



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