Natural Resource Economics

Newspapers and television programs remind us regularly of the market and non-market costs associated with carbon emissions, destruction of forests, loss of biodiversity, wildfire management, exhaustion of fish stocks, and rapidly growing human populations. Economics provides a framework for systematically analysing these issues, and the social benefits and costs of alternative natural resource management policies.  The Natural Resource Economics emphasis provides students with the skills to socio-economically analyse natural resource management policies. For example, has the decline of the timber industry in the Pacific Northwest of the United States generally been of benefit to society? Should fire-fighting resources be deployed to protect the habitat of threatened and endangered species at the expense of protecting private homes in the wildland-urban interface? Should taxes on gasoline be raised to account for the cost of carbon emissions? The Natural Resource Economics emphasis is intended for students aspiring to graduate studies or careers in natural resource management and policy design and evaluation. 

Required Core Curriculum

In addition to specialized courses in the Natural Resource Economics change track, all students must complete the required core curriculum.  

Within the required core curriculum, students in the Natural Resource Economics track should take M 162 Applied Calculus.

Degree Requirements

Suggested Courses for the Natural Resource Economics Track

The following courses are recommended for students emphasizing Natural Resource Economics. Please note that the courses in bold are the most important courses for students in this track to take.  

NRSM 121S - Nature of Montana 3
ECNS 201S - Principles of Microeconomics 3
ECNS 202S - Principles of Macroeconomics ECNS 201 3
WILD 275 - Wildlife Conservation 3
FORS 320 - Forest Economics M 162, ECNS 201 3
NRSM 379 - Collaboration in Natural Resource Decisions 3
NRSM 424 - Community Forestry & Conservation 2
NRSM 425 - Natural Resource & Environmental Economics M 162 & ECNS 201/FORS320 3
FORS 436 - Project Appraisal FORS 320 or 6 credits of ECNS courses
SOCI 101S - Introduction to Sociology 3
ENST 230H - Nature & Society 3
ECNS 217X - Economic Development ECNS 201, ECNS 202 3
ECNS 301 - Intermediate Microeconomics with Calculus M 162, ECNS 201 3
ECNS 302 - Intermediate Macroeconomics M 162, ECNS 202 3
GPHY 323S - Economic Geography of Rural Areas 3
ANTY 326E - Indigenous Peoples & Global Development 3
NRSM 389E - Ethics, Forestry & Conservation 3
ECNS 403 - Introduction to Econometrics a statistics course 3
ECNS 433 - Economics of the Environment ENCS 201, ECNS 202 3
ECNS 445 - International Env Econ & Climate Change ENCS 201 3
SOCI 470 - Environmental Sociology 3
SOCI 471 - Gender & Global Development SOCI 101S 3
ENST 480 - Food, Agriculture, & the Environment 3