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Natural Resource Economics and Policy (MEconSc)
Course OverviewThis programme aims to produce graduates with analytical modeling skills and with the ability to draw on concepts coming from many different disciplines and fields of expertise so they can propose policy measures for sustainable development. They will have the ability to influence the formulation of business and corporate strategies in the marine, energy and agriculture sectors, and shape regulatory policy. It also seeks to deepen students’ knowledge of interactions between the economy, society and natural resources.
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Who Teaches this Course
Requirements and Assessment
1 year, full-time
Next start date
A Level Grades ()
25 (20 E.U.; 5 non-E.U.)
Please refer to the offer rounds/closing date webpage.
Next start date
Mode of study
This is an innovative programme for students interested in contributing to environmental policy and sustainable long- term management of rural and urban resources. It aims to equip graduates with quantitative modelling skills to meet the diverse challenges of global climate change, sustainable development and environmental governance.
You will take courses in subjects such as Microeconomics, Natural Resource Governance, Renewable Energy Economics and Policy, Agricultural Economics and Policy, Marine Economics and Policy, Microeconomics, Economic Modelling, and Cost Benefit Analysis and Evaluation. In addition to coursework, students also complete a minor dissertation over a three-month period.
A number of internships in environmental, agricultural, energy or marine research institutes and/or development agencies, will also be offered. These will be competitive placements, which will allow the student to apply the skills learned on the programme in a real-world environment.
Why Choose This Course?
There are opportunities in environmental economics, development economics and agricultural economics, and graduates have gone on to do PhDs or have found employment in government departments, international environmental and development agencies, in land and coastal area-management, and in renewable energy sectors."The natural resource sectors have proven to be quite resilient in the downturn with the Agriculture sector regaining all lost output that occurred at the time by 2011. Both the Agri-Food and the Marine sectors have in recent times have prepared extensive development strategies as part of the Food Harvest 2020 and the Ocean Wealth strategies. As a sector it differs from other sectors given both the dependence upon natural resources and degree to which outcomes within the sectors depend upon regulation. Given the disciplines historic strengths in environmental economics and public economics, a focus on the economics of the natural resource sectors seems a natural fit."
-Prof. Cathal O’Donoghue, Head, Rural Economy and Development Programme, Teagasc"The Marine Institute would like to express its support for the new Masters being proposed ...... The marine sector in Ireland has received increased attention in recent years. Its development as an economically active, commercially viable, environmentally and socially sustainable sector is in keeping with some of the most important European and Irish economic, social and environment policies."
-Caroline Bocquel, Director Corporate Services, Marine Institute
Who’s Suited to This Course
Related Student Organisations
Fees: Student levy
Fees: Non EU
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Dr Thomas van Rensburg
T: +353 91 493 858
Mohit Agrawal | Ph.D. Candidate in Economics, Yale University
As a Master’s student in Economics, I was impressed by NUI Galway’s students, faculty, and facilities. The program size was small, allowing me to learn from and become friends with my fellow students in a collegial atmosphere. The faculty were fully dedicated to students, easy to talk to, and well-versed in their fields. Meanwhile, the facilities at NUI Galway were top-notch, with great computer labs, libraries, and social spaces. Lastly, I enjoyed living in Galway, with its historic city center and scenic seaside promenade; Galway was a perfect launching pad for trips across Ireland and Europe. During my time in Galway, I gained a unique understanding of economic policy in the context of Ireland and the Eurozone. I strongly encourage international students to consider study at NUI Galway.