Master of Science in Resource Economics: FAQs
What can I do with an MS in Resource Economics from UMass Amherst?
Our graduates go on to careers in many fields, such as data analysis, applied econometrics, government and policy, marketing, consulting, and resource-based industries like electric utilities and petroleum.
Economists specializing in industrial organization tackle important questions related to supply and production, markets, and consumer choices and benefits. Environmental economists work on issues like clean water access, pollution control, sustainable energy, government regulations, and policy. Health economists analyze healthcare data and find solutions to achieve quality healthcare access. Regardless of your specialization, you will be well-prepared for a career in the public or private sector.
For those interested in a terminal degree, the MS in Resource Economics allows students to pursue a PhD in the field. Doctoral program graduates typically begin careers in research positions within industry, academia, and government.
Learn more about careers in resource economics >
What should my academic background include?
To be successful in our program, we encourage students to have strong math skills (statistics is particularly helpful) and some coursework in economics. Resource economics is a STEM field that balances theory with analysis.
Is the Master of Science in Resource Economics a STEM degree?
Yes, the Department of Resource Economics is classified as STEM, which allows international students to obtain a work permit (OPT) for up to three years after graduation.
How big will my classes be?
We aim for a cohort of 10-15 master's students. Some of your classes may be larger, but overall, you will be working closely with our exceptional faculty and PhD students.
What is needed to apply? Do I need a GRE?
You will need the following to complete an application for the Master of Science in Resource Economics program:
- An application form
- A 1-3 page personal statement, highlighting any past research experience and your interest in a research field or topic.
- Transcripts from any higher education institutions you have attended
- Three reference letters
- Your resume
The GRE is not required for admission to the program.
Learn more about admission requirements >
How long is the program? Can I complete it part-time?
The average length of the program is 17 months followed by one month of completing a field essay (28 credits with a 3-credit field essay). If a student chooses to do a thesis, there will be an additional semester (25 credits with a 6-credit thesis).
There is no online or part-time option. Student who are accepted into the program are expected to attend full-time.
What are some examples of the Department's specialties and recent research?
The UMass Amherst Department of Resource Economics faculty have specializations in areas such as health economics, environmental and natural resource economics, industrial organization (especially pertaining to food and agriculture), food marketing, experimental economics, and family and household economics.
Recent research addresses the health impacts of environmental issues; the economics of food labeling; consumer beliefs, behavior, and market outcomes; water quality policy; the effects of policies on household and consumer welfare; and food system strategies and pricing.