Resource Economics and Policy

Master of Science in Resource Economics & Policy

This program emphasizes how economic theory and tools can be applied to environmental, natural resource, energy, agriculture, and economic development problems. It includes the same core economics classes as the Economics MA, plus two courses in advanced resource and environmental economics (macroeconomic theory not required) and elective opportunities through our own School of Economics as well as many other programs in the College of Natural Sciences, Forestry, and Agriculture.

The MS in Resource Economics & Policy program is a great fit for students seeking strong analytical, quantitative, and communication skills for employment with government agencies, consulting firms, businesses, and non-profit organizations, or for strengthening their applications to Ph.D. programs in applied economics, environmental economics, natural resource economics, environmental policy, natural resource management, and related fields. Graduates excel in employment in public and private sector positions requiring advanced analytical skills, in-depth familiarity with environmental and resource economics, and knowledge of environmental and natural resource management policy issues.

Dual Degree in Global Policy and Resource Economics & Policy

In addition, the School of Economics offers a dual degree program option with the School of Policy and International Affairs in Global Policy and Resource Economics and Policy and is intended for students interested in the application of economics and policy in an international setting. The course of study is normally three years. It leads to two master’s degrees: one in Global Policy (with a concentration in either International Trade and Commerce or International Environmental Policy) and one in Resource Economics and Policy. Find more information about the dual degree offering on the SOE website.

Admission Requirements

Note: Please review the School of Economics website and Admissions Requirement page prior to applying.

Acceptance into the School of Economics graduate programs is competitive. An undergraduate degree in economics or a related field is desirable but is not essential for admission to this program. The School of Economics is much more concerned with the applicant’s capacity for graduate study, quantitative reasoning, and the quality of previous work. The successful applicant has a strong academic record and outstanding recommendations. Graduate degrees in the School of Economics require some training in economics and quantitative methods; students are required to complete the following prerequisites before entering the graduate program.

  • Required
    • Intermediate Microeconomic Theory (ECO 350)
    • Statistics (STS 215 or 232)
    • Calculus I (MAT 126)
  • Strongly Recommended
    • Calculus II (MAT 127)
    • Calculus III (MAT 228)
    • Linear Algebra (MAT 262)
    • Mathematical Economics (ECO 480)
    • Econometrics (ECO 485)
    • Computer programming experience (e.g. R, Matlab, Python)

Degrees offered: MS

Program Format: On Campus

Application deadline: January 15 preferred date for assistantship consideration, rolling if space is available (Fall) / November 15 (Spring)

Test Required: None

Contact: Sharon Klein

Contact Email:

Program Website: Resource Economics and Policy

Accelerated Program Information for UMaine Undergraduates

Major Pathways: Economics Majors, Financial Economics Majors

Accelerated Program Deadline:

End of sophomore year or beginning of junior year