The Major in Environmental and Natural Resource Economics prepares students to apply economic tools to evaluate the allocation and utilization of natural resources and the management of the natural environment. Economic analysis provides a strong basis to guide societal choices that directly and indirectly affect our environment. Economic theory provides a framework for understanding both environmental and natural resource issues, predicting the likely effects of government policies and regulations, and devising solutions to pressing economic and environmental problems.

This major differentiates from other programs of study that address natural resource management in that it focuses on weighing the private and public implications of choices that we make ranging from a local through a global scale. To broaden their technical training, students majoring in Environmental and Natural Resource Economics can simultaneously complete a second major in Natural Resource Management, or other more specialized majors offered through the Warner College of Natural Resources.

Learning Objectives

Upon successful completion, graduates will exhibit: 

Professional Development: Graduates will embody a general awareness of issues in natural resource management and their implications in a larger societal context.  Students will begin to develop a network of personal and professional connections which will foster an understanding of the culture surrounding professional expectations and conduct.

Technical Competence: Graduates will demonstrate technical competency within their chosen discipline including the ability to use the appropriate theory and methods in approaching problems, identifying and gathering appropriate evidence, and employing appropriate methods to analyze that evidence, utilizing appropriate available technology in all phases.

Problem-solving Skills: Graduates will demonstrate the ability to solve real-world problems beyond the context of the classroom. Students will be able to identify a problem and its scope, evaluate resources available to address the problem, formulate alternative solutions, and select the solution(s) most consistent with a stated objective. 

Communication Skills: Graduates will demonstrate proficiency in oral and written communication in terms of substance, organization, mechanics, documentation, and synthesis. Proficient students will have the ability to clearly communicate findings, critically and analytically, at a professional level within their chosen career.

Leadership: Graduates will have developed leadership qualities that they will use in their professional, personal and community interactions leveraging the other competencies acquired in the program. These leadership qualities include vision, initiative, personal responsibility, team building, and motivating collective action.

Potential Occupations

Environmental and resource economists are employed in a wide range of fields from education and research to business and government. Profit and non-profit organizations employ economists in international and community development, international relations, and environmental and conservation analyses. Some examples include, but are not limited to, energy resource analyst, environmental researcher/analyst, resource policy analyst, natural resource analyst, environmental pollution analyst, environmental policy analyst, economic analyst/forecaster, land use planner, international development specialist, rural community organizer, community development specialist, financial analyst, foreign trade analyst, market forecaster, and extension agent. Participation in internships, volunteer activities, and cooperative education opportunities is highly recommended to enhance practical training and development. Graduates who seek further specialization are prepared to pursue advanced studies.

Effective Fall 2023

Freshman
AUCCCredits
AREC 192Orientation to Agricultural and Resource Econ 1
AREC 202Agricultural and Resource Economics (GT-SS1)3C3
CO 150College Composition (GT-CO2)1A3
ECON 204Principles of Macroeconomics (GT-SS1)3C3
MATH 117College Algebra in Context I (GT-MA1)1B1
MATH 118College Algebra in Context II (GT-MA1)1B1
MATH 124Logarithmic and Exponential Functions (GT-MA1)1B1
Select four credits from the following: 4
Principles of Animal Biology (GT-SC2)3A 
Principles of Plant Biology (GT-SC1)3A 
Attributes of Living Systems (GT-SC1)3A 
Select one course from the following:1 3-4
Agricultural Data Management and Analysis  
Business Computing Concepts and Applications  
Personal Computing  
Biological and Physical Sciences3A3
Diversity, Equity, and Inclusion1C3
Natural Resource or Agriculture Elective2 3
 Total Credits 29-30
Sophomore
 
ACT 205Fundamentals of Accounting 3
MATH 141Calculus in Management Sciences (GT-MA1)1B3
SPCM 200Public Speaking 3
Advanced Writing23
Arts and Humanities3B6
Historical Perspectives3D3
Natural Resource or Agriculture Elective2 3
Electives 6
 Total Credits 30
Junior
 
AREC 335/ECON 335Introduction to Econometrics 3
AREC 340/ECON 340Introduction-Economics of Natural Resources 3
ECON 306Intermediate Microeconomics 3
STAT 301Introduction to Applied Statistical Methods 3
Select one course from the following: 3
Agricultural and Resource Enterprise Analysis  
Fundamentals of Finance  
Select nine credits from the following ENRE Applications courses: 9
Water Law, Policy, and Institutions  
Economics of Outdoor Recreation  
Economics of Energy Resources  
Ag- and Resource-Based Economic Development4B 
Study Abroad--Italy: Economics of the Renaissance in Modern Italy  
Study Abroad--Italy: Food and Resource Economics  
Natural Resource or Agriculture Electives2 6
 Total Credits 30
Senior
 
AREC 341Environmental Economics 3
AREC 440Advanced Environmental and Resource Economics4A,4C3
AREC 492Senior Seminar in Ag and Resource Economics 1
ECON 304Intermediate Macroeconomics 3
Select one course from the following: 3
Agricultural Law  
U.S. Environmental Politics and Policy  
Select nine credits from the following ENRE Skills courses: 9
Data-Driven Ag and Res Econ Decision Making  
Agricultural Production Management  
Agricultural Policy4B 
Social Benefit Cost Analysis  
Economics of Public Finance  
Economics of International Finance and Policy  
Introduction to Geospatial Science  
Natural Resource or Agriculture Elective2 3
Electives4 5-6
 Total Credits 30-31
 Program Total Credits: 120
1

AREC 230 is recommended.

2

Select from courses with AB, AGED, AGRI, ANEQ, BSPM, BZ, CBE, CHEM, CIVE, ECOL, ESS, FW, F, GEOL, GES, HORT, LAND, LIFE, NR, NRRT, RS, SOCR, or WR subject codes.

3

At least one of AREC 460 or AREC 478 must be taken to fulfill AUCC 4B requirement.

4

Select enough elective credits to bring program total to 120 credits with a minimum of 42 upper-division (300- to 400-level) credits.

Freshman
Semester 1CriticalRecommendedAUCCCredits
AREC 192Orientation to Agricultural and Resource Econ   1
AREC 202Agricultural and Resource Economics (GT-SS1)X 3C3
CO 150College Composition (GT-CO2)X 1A3
MATH 117College Algebra in Context I (GT-MA1)X 1B1
MATH 118College Algebra in Context II (GT-MA1)  1B1
MATH 124Logarithmic and Exponential Functions (GT-MA1)  1B1
Diversity, Equity, and InclusionX 1C3
 Total Credits   13
Semester 2CriticalRecommendedAUCCCredits
ECON 204Principles of Macroeconomics (GT-SS1)  3C3
Select four credits from the following:   4
Principles of Animal Biology (GT-SC2)  3A 
Principles of Plant Biology (GT-SC1)  3A 
Attributes of Living Systems (GT-SC1)  3A 
Select one course from the following:X  3-4
Agricultural Data Management and Analysis    
Business Computing Concepts and Applications    
Personal Computing    
Biological and Physical Sciences  3A3
Natural Resource or Agricultural Elective (See allowable subject codes on Program Requirements Tab)   3
AUCC 1B (Quantitative Reasoning) must be completed by the end of Semester 2.X   
 Total Credits   16-17
Sophomore
Semester 3CriticalRecommendedAUCCCredits
ACT 205Fundamentals of Accounting   3
MATH 141Calculus in Management Sciences (GT-MA1)X 1B3
Arts and Humanities  3B3
Historical Perspectives  3D3
Elective   3
 Total Credits   15
Semester 4CriticalRecommendedAUCCCredits
SPCM 200Public Speaking   3
Advanced Writing  23
Arts and Humanities  3B3
Natural Resource or Agricultural Elective (See allowable subject codes on Program Requirements Tab)   3
Elective   3
ACT 205, ECON 204, and CS 110 must be completed by the end of Semester 4.X   
 Total Credits   15
Junior
Semester 5CriticalRecommendedAUCCCredits
STAT 301Introduction to Applied Statistical MethodsX  3
Select one course from the following:   3
Agricultural and Resource Enterprise Analysis    
Fundamentals of Finance    
ENRE Applications courses (see list on Program Requirements Tab)   6
Natural Resource or Agricultural Elective (See allowable subject codes on Program Requirements Tab)   3
 Total Credits   15
Semester 6CriticalRecommendedAUCCCredits
AREC 335/ECON 335Introduction to Econometrics   3
AREC 340/ECON 340Introduction-Economics of Natural ResourcesX  3
ECON 306Intermediate Microeconomics   3
ENRE Applications course (see list on Program Requirements Tab)   3
Natural Resource or Agricultural Elective (See allowable subject codes on Program Requirements Tab)   3
Either AREC 460 or AREC 478 must be selected from ENRE Applications or ENRE Skills choice blocks to satisfy AUCC 4B requirement.  4B 
 Total Credits   15
Senior
Semester 7CriticalRecommendedAUCCCredits
AREC 341Environmental EconomicsX  3
ECON 304Intermediate Macroeconomics   3
ENRE Skills course (see list on Program Requirements Tab)   3
Electives   5-6
 Total Credits   14-15
Semester 8CriticalRecommendedAUCCCredits
AREC 440Advanced Environmental and Resource EconomicsX 4A,4C3
AREC 492Senior Seminar in Ag and Resource EconomicsX  1
Select one course from the following:X  3
Agricultural LawX   
U.S. Environmental Politics and PolicyX   
ENRE Skills Courses (see list on Program Requirements Tab)X  6
Natural Resource or Agricultural Elective (See allowable subject codes on Program Requirements Tab)X  3
Either AREC 460 or AREC 478 must be selected from ENRE Applications or ENRE Skills choice blocks to satisfy AUCC 4B requirement.X 4B 
The benchmark courses for the 8th semester are the remaining courses in the entire program of study.X   
 Total Credits   16
 Program Total Credits:   120