Natural Resource Economics

The field of natural resource economics focuses on making decisions about how to make use of natural resources in a sustainable way, while supporting economic growth. Read on to find out more about natural resource economics.

Inside Natural Resource Economics

Natural resource economics involves the study of the supply, demand and distribution of natural resources and the economic impact of natural resource allocation. The goal of natural resource economics is to develop systems that are sustainable, while promoting economic development.

Education Information

Degree programs in natural resource economics cover a broad spectrum of topics, such as finance, economic development, social science, environmental science and policy development. Students also learn about the various economic theories that are applicable to current environmental and natural resource issues. Degrees in natural resource economics are available at the bachelor's, master's and doctoral levels. Here are a few programs to consider.

Distance Learning Options

You can begin your education online today through distance learning programs. Here are a few relevant options that may serve your future career goals.

Career Options

Careers in economics and business can be challenging and rewarding experiences. Program graduates are prepared for careers working in the public or private sector as consultants or analysts, among other positions. Industry professionals work on issues that range from policy development and energy conservation to land use. You can determine if this is a field that may interest you by reading the information below.

Employment Outlook and Salary Information

According to the U.S. Bureau of Labor Statistics (BLS), economists could expect an estimated 14 percent growth in employment from 2012-2022, which is about average. The BLS also estimated that employment growth would be the most profound in the private sector. As of May 2013, economists earned a mean annual wage of $101,450. The tenth percentile earned $49,940 or less annually, while the 90th percentile earned an annual wage of $158,090 or more (www.bls.gov).

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