This course provides graduates with an understanding of the complex relationship between environmental issues and the impact of economic decision making. Students critically appraise alternative environmental measures and develop the ability to identify and recommend suitable solutions for effective environmental management.
The current emphasis on sustainable management across the globe is a consequence of a growing awareness of the impact of modern society on the environment. Such concerns are clearly evident in recent high profile studies such as the Millennium Ecosystem Assessment.
As a result, there is a pressing international need for people with the ability to apply economic principles and techniques to support decision making for the effective and efficient management of natural resources and the environment.
Start date: Full-time: October. Part-time: throughout the year.
Duration: Full-time MSc - one year, Part-time MSc - up to three years, Full-time PgCert - one year, Part-time PgCert - two years, Full-time PgDip - one year, Part-time PgDip - two years
English Language Requirements
If you are an international student you will need to provide evidence that you have achieved a satisfactory test result in an English qualification. The minimum standard expected from a number of accepted courses are as follows:
IELTS - 6.5
TOEFL - 92
Pearson PTE Academic - 65
Cambridge English Scale - 180
Cambridge English: Advanced - C
Cambridge English: Proficiency - C
In addition to these minimum scores you are also expected to achieve a balanced score across all elements of the test. We reserve the right to reject any test score if any one element of the test score is too low.
We can only accept tests taken within two years of your registration date (with the exception of Cambridge English tests which have no expiry date).
The course comprises eight one-week assessed modules, an introductory module, a group project and an individual research project. Students undertaking the Postgraduate Diploma (PgDip) complete eight modules, the introductory module and the group project. Postgraduate Certificate (PgCert) students complete six modules.
The modules include lectures and tutorials, and are assessed through written examinations and assignments. These provide the knowledge of theory and techniques required for the group and individual projects.
- Principles of Sustainability
- Environmental Valuation
- Financial and Economic Appraisal for Environmental Management
- Environmental Policy and Risk Governance
- Environmental Econometrics
- Natural Resource Economics
- Technology, Environment and Society
Students select an individual project in consultation with the Course Director. It provides students with the opportunity to develop and demonstrate independent research ability, working within agreed objectives, deadlines and budgets. Part-time students usually undertake their individual project at their place of work.
The group project is an applied team based activity, in which students apply their knowledge of natural resource and environmental economics to address real-world problems. Success depends on the integration of various activities in relation to agreed objectives, deadlines and budgets. Students submit a project report and present their findings to representatives from the public sector and/or industry.
Taught modules 40%, group project 20% (dissertation for part-time students), individual thesis project 40%.
Takes you on to a wide-range of careers as professional economists in the public and private sectors.
For further information
On this course, please visit our course webpage - http://www.cranfield.ac.uk/courses/masters/economics-for-natural-resource-and-environmental-management.html
Candidates must possess, or be expected to achieve, a first or second class UK Honours degree or equivalent in a relevant discipline. Other relevant qualifications, together with significant experience, may be considered. Suitable for graduates with natural, physical, engineering science and business-related degrees keen to align their careers toward natural resource and environmental economics, or graduates with a degree in economics seeking to develop a specialist knowledge of natural resource and environmental economics.