The Environmental and Resource Economics (ERE) field emphasizes expertise in applying economic theory and empirical methods to the analysis of environmental and natural resource problems. In completing the requirements for the field, students are expected to acquire a working knowledge of historical and contemporary environmental and natural resource problems and policies and an understanding of the role of market behavior as well as formal and informal institutions for determining environmental and resource outcomes. They also develop expertise in the elements of economic theory and empirical methods that are particularly relevant to the study of these issues.
Faculty working in the ERE field have special expertise in the economics of land use, water resources, energy, ecosystem management, non-market valuation, property rights, resource dynamics, and policy design to achieve environmental objectives.
Coursework in the ERE field allows students to develop advanced skills in analytical methods used in environmental and resource economics research. Such methods include optimal control theory, policy evaluation under uncertainty, techniques of non-market valuation, hedonic analysis as applied to the pricing and provision of multi-attribute goods, and location theory. Courses focus on theories and methods of environmental and natural resource economics and the application of these tools to issues of policy importance.
Specific course requirements for the Ph.D. field in ERE are provided below:
The ERE course program also links to an interdepartmental graduate specialization in environmental and resource economics at MSU. This specialization is directed by economists from AFRE, Forestry (FOR), Fisheries and Wildlife (FW), and Community Sustainability (CSUS). By fulfilling the requirements of this specialization, which involves little if any additional coursework beyond that required for degrees AFRE, students can receive a formal transcript certification indicating that a graduate specialization in environmental and resource economics has been accomplished.
MSU‘s recently established Environmental Science and Policy Program also sponsors a doctoral specialization in environmental science and policy.
In addition, the Ph.D. major requires choosing one additional course from the following menu.