Environmental and Natural Resource Economics
1 year full-time
Our MSc programmes in Economics will give you the opportunity to equip yourself with the necessary skills and knowledge to pursue a career in economics and related disciplines.
The programme consists of a set of core and elective modules, culminating in a practice- based business project or a research-based dissertation.
Core and elective modules:
You will study:
- Environmental and Climate Economics
- Natural Resource Economics
Econometrics IYou will also choose a module between the following two options:
- Econometrics II (i.e. time-series econometrics)
You will then choose two elective modules. The list of modules may vary from year to year, but has typically included: Behavioural Finance and Economics, Development Economics, Econometrics II, Nonmarket Valuation and Preference Analysis, Experimental Economics and Finance, Game Theory, Industrial Organisation, International Economics, International Financial Economics, Market Microstructure, Microeconometrics, Monetary Economics, Money and Banking, Public Choice, or Advanced Topics in Public Economics.
Dissertation/Business Project or Placement
In the third term, you will carry out an original research project. This may be an independent piece of work or, alternatively, you may decide to develop a more applied project with an appropriate organisation. Supervised by a faculty member with relevant experience, you’ll investigate in greater detail a subject that you’ve already studied as part of your programme. This is an opportunity for you to develop your business insight and present your analysis and ideas in a scholarly and professional manner.
Detailed Module Information
For the latest detailed information on all of the modules currently offered on this programme please visit our Postgraduate Module Handbook.
The School has made a significant investment in database resources to give you access to both live and historical data from providers which include Thomson Reuters, Bloomberg, Datasteam and Orbis. These state-of-the-art databases give you the opportunity to interrogate the financial records of millions of companies worldwide and add valuable insight to your research.
Adding to your experience
We’re proud of our strong international connections. Helping you get an inside perspective on global business is a key part of the programme. That’s why we offer a range of opportunities to help you immerse yourself in a country’s business and academic environment, make new contacts and stand out in a competitive job market. These include:
If your ambitions lie beyond the UK, we offer a number of places on our unique Dissertation Abroad scheme. This will involve writing a dissertation at one of our international partner institutions in the period June to August. A number of scholarships are available.
International Study Tour
We organise an optional International Study Tour to a European destination, typically Switzerland. This intensive programme takes place over several days, normally in March/April, and offers you a great opportunity to get an ‘inside perspective’ on international business, and to network with key staff within organisations.
As part of your programme, you have the opportunity to enjoy presentations by academics and practitioners within your chosen area of interest. Past speakers have included representatives of major global multinationals and leading academics , providing an ideal opportunity to gain practical knowledge and progressive insight.
The programme is mainly delivered through a mixture of lectures, seminars, and practicals. Lectures provide key contents of a particular topic. Occasionally lectures might be delivered by guest speakers who are internationally recognised academic experts or practitioners in their field. Students can also attend the Durham Speaker Series, providing the opportunity to network with senior business leaders, staff and alumni.
Seminars provide the opportunity for smaller groups of students to solve problems and discuss and debate issues based on knowledge gained through lectures and independent study outside the programme’s formal contact hours. Practicals are medium sized group sessions, where students practice computer software, applying topics from lectures and seminars.
Students study four core modules including the dissertation, a further compulsory module which allows the student to specialise either in time-series or cross-sectional econometrics and four elective modules chosen from a list of options. This is then followed by a 12,000-word dissertation that allows students to carry out independent research and develop their skills in analysis and scholarly expression, using an appropriate theoretical framework. They are supported in writing their dissertation through the study of research methods and attending individual meetings with an allocated supervisor who monitors their progress and provides advice.
Throughout the year, students may have the opportunity to participate in extracurricular activities. They also have the opportunity to attend an International Study Week at an overseas location at the end of Term 2, which gives students the opportunity to learn about the business, economy and culture of another country, gain an ‘insider perspective’ on international businesses and network with key business staff.
Outside of timetabled contact hours, students are expected to undertake a significant amount of independent study in preparation for teaching sessions, assignments and other forms of assessment including exams, and general background reading to broaden their subject knowledge. All students have an Academic Adviser who is able to provide general advice on academic matters. Teaching staff are also available to provide additional support on a one-to-one basis via weekly consultation hours.
Students also have access to the facilities available at Mill Hill Lane including dedicated postgraduate working spaces, an onsite library and IT helpdesk.
We aim to have a diverse student body and recognise that we can only offer places to a finite number of applicants. To help achieve our aim, we look to ensure we offer places to applicants from all nationalities and close applications when we receive the allocated numbers.
The University is under no obligation to make any offer of a place on the programme to any applicant, nor is the University obligated to fill all spaces available on the programme.
The Masters in Economics is designed for new or recent graduates. You should have a strong background in a related discipline.
What do I need first?
You will need the equivalent of a UK upper second-class single or joint honours degree in Economics, Finance, Mathematics, Statistics, Physics, Computer Science or Engineering. Applicants with degrees in other subjects are encouraged to apply as long as they have achieved good grades in two Mathematics/Statistics/Econometrics modules covering calculus, probability theory/econometrics and ideally linear algebra.
If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.
NB Chinese Applicants: Applications will be accepted from students who have graduated from a prestigious university in China. Entry requirements may vary depending upon the reputation of the university you have graduated from and the academic programme you have applied for. As a guide, applicants are expected to have achieved an overall average of 85%.
How do I apply?
You will need to complete an online application form.
Please note you can only apply for one Masters Economics programme.
To support your online application form, you will need to provide the following documents.
- Official transcript of marks
- Copy of degree certificate (if available)
- Copy of English test results (if available).
You can either upload your supporting documents with your online application or email or fax them to the Postgraduate Admissions Office using the contact details below.
Only files of type .doc, .docx, .gif, .jpg, .pdf, .png, .rtf are permitted to be uploaded.The maximum file size is 5MB.
Once we receive your online application form, you’ll get an automatic email within 48 hours asking you to pay the £60 application fee* which is required to progress your application.
You’ll need to follow the link in the email to the webpage where you can confirm your details and make the payment using a debit or credit card. This is a secure website operated by Secpay, which will send you an automatic receipt of payment.
Once we receive confirmation that your application fee has been paid, we’ll be able to progress your application. If you do not pay the application fee your application will be automatically withdrawn.
*Please note you will only be able to make a payment for one programme in each suite i.e. one MSc Finance programme, one MSc Management programme, one MSc Economics programme.
All students of Durham University will become a member of one of our Colleges. Here is more information about what college membership means to our students. Once you have accepted your postgraduate offer, the Accommodation and Allocations Office will contact you with further information regarding how to express college preferences. You can also apply for college accommodation if you wish to.
Here are the steps in the admissions process:
- We will let you know when we’ve received your application.
- Once we’ve received all of your supporting documents, we will email you to let you know our decision.
- If the decision is to make you an offer of a place on the programme we will let you know by email. Please note we do not issue hard copy offer letters as these are not required to obtain a student visa.
- You should confirm acceptance of your offer as soon as possible. In order to secure your place, you are required to pay a deposit within six weeks of the date of your original offer (check your offer documents for details of payment methods).
- International students requiring a student visa will receive a CAS (Certificate of Acceptance of Studies) via email once all offer conditions are met, acceptance and deposit have been received and you are within five months of the start date of your programme.
Please note: You must let us know your own personal email address when applying. Please do not use a university-linked email which may stop working once you complete your bachelor degree.
Fees and funding
Full Time Fees
|Home students||£12,900 per year|
|EU students||£24,500 per year|
|Island students||£12,900 per year|
|International students||£24,500 per year|
The tuition fees shown are for one complete academic year of full time study, are set according to the academic year of entry, and remain the same throughout the duration of the programme for that cohort (unless otherwise stated).
Please also check costs for colleges and accommodation.
We are committed to supporting the best students irrespective of financial circumstances and are delighted to offer a range of funding opportunities.Find Out More
Key to your career
Whatever your specialist interests, you’ll find our careers team is one of the most useful resources to support you on your way to your target career. Now more than ever, it’s the skills you’re able to demonstrate in addition to your academic abilities that will make you shine in a fiercely competitive jobs market.
That’s why our facilities and services are designed to complement your course and help you develop essential professional and practical skills – from personal resilience and self-awareness to CV writing and interview techniques.
We work in partnership with the University's Careers, Employability and Enterprise Centre to connect you with events, organisations or individuals to help kick-start your career.
One-to-one career support
As a Business School Masters student, you can take advantage of one-to-one appointments with a specialist Masters Career Consultant to help you with specific issues, from finding a route into your career to applying for your dream role.
Career development programme
Our Career Development Programme has been designed alongside our core academic programme to help you achieve your career goals and develop the skills that employers are looking for.
This starts at the beginning of Term One with our Careers Weekend. This weekend will provide insight and enable the development of essential career management skills. Covering a wide range of topics, the event will support career planning, facilitate skills development and enhance your knowledge of the full recruitment cycle. The weekend will be actively focused on identifying, preparing and securing employment opportunities throughout your studies.
Sector specific presentations
Our Career Insights sessions are delivered by external professionals with expertise and knowledge of their particular sector which provide insights into working in areas that are popular with our students.
Previous guest speakers have delivered presentations on working in banking, professional services, and management development programmes within international companies.
Business Projects and Placements
The business project or placement is a great way to gain practical work experience and develop consultancy skills. We can help you choose from a range of regional, national and international organisations of different sizes in different sectors or you can source your own project – some target an organisation they’d like to work for. However you tailor the project, it will help you to put new knowledge and skills into practice and influence real life business issues.
We’re proud of our strong international connections. Helping you get an inside perspective on global business is a key part of the programme. That’s why you’ll have the opportunity to go on the optional International Study Tour to a European destination in March/April. This self-funded, one-week programme is a great way to immerse yourself in the country’s business environment, providing the chance to make new contacts and helping you stand out in the competitive jobs market.
If you are interested in carrying out research or a business project in an international location for your dissertation, we may also be able to connect you with our international partner institutions.
Support for International Students
We recognise that many of our students will progress their careers outside of the UK once they finish their studies, and our career development programme is designed with this in mind. We offer events focused on career opportunities in China and are continually developing relationships with international recruiters.
If you’re an international student interested in working in the UK after your studies, the careers team works closely with Durham University's Student Immigration & Financial Support Office to provide you with information related to immigration. Their advisers are dedicated to helping our students understand the requirements and restrictions of their visas during their studies and can provide limited advice on post-study visa requirements.
You can access English language support from English Language Centre.
Through the Career Development Programme you will have access to a huge range of career resources including an interview simulator with a bank of interview questions, a CV builder, and our international Jobs Board.
Alumni career support
You can continue to make the most of our specialist career development advice after you graduate, including on-going one-to-one support from our Masters Career Consultants, workshops in our key locations, and continued access to our online career resources.
Our Masters programmes consistently appear in top independent rankings for both quality and reputation. Taught by a world-class faculty and supported by international-quality research, these intensive one-year, full-time programmes help you develop the analytical and practical skills employers value. Study with us and you’ll be part of an elite business school with triple-accreditation.
- 7th for Economics in The Complete University Guide 2021.
- Top 10 for Economics in The Guardian University Guide 2021.
Research Excellence Framework
- Ranked joint 1st in the UK for Internationally Excellent and World-leading research impact (REF 2014).
You will be taught at Durham University Business School, one of the longest established business schools in the UK, in state-of-the-art facilities. The School is also one of an elite group of institutions in the UK to be accredited by all three major business accreditation bodies – the Association to Advance Collegiate Schools of Business(AACSB), the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS).