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Resource Economics and Management

This exciting program provides advanced training in the areas of natural resource, environmental, agricultural, mineral, energy, agribusiness, international, and rural development economics.

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Program Overview

The primary objective of this program is to prepare students for further graduate study or a variety of careers in business and government. 

A candidate for the degree must comply with University, College, and Program requirements. The Masters of Science degree in Resource Economics and Management can be obtained under either course work or thesis options.

total credit hours

30

estimated time to complete

2 semester full-time

4 semesters part-time

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program details

Degree level

Graduate

Degree awarded

Masters of Science

Admissions

Program Requirements

Candidates for the master of science degree may be admitted on a regular or provisional basis. Prerequisites for admission include the following:

  • Twelve or more semester credits in economics, agricultural and resource economics, statistics, or appropriate social science courses (should include a course in intermediate microeconomics)
  • Three or more semester hours of credit in calculus. Students lacking these prerequisites have to complete coursework to acquire them. 

The Resource Economics and Management MS ensures that candidates develop competence in the following:

  • Communicating economic policy issues
  • Theoretical and analytical skills to analyze and evaluate economic policies
  • Research to develop economic policy proposals

Visit the Graduate Admissions page.

Curriculum

Course of Study

Required courses
Credit Hours
Rotation
ARE 601: Applied Microeconomics 4 Fall
ARE 621: Quantitative Methods 3 Spring
ARE 624: Econometric Methods in Resource Economics 3 Fall
ARE 696: Graduate Seminar 1-3 Fall/Spring
ARE 632: Natural Resource and Environmental Economics 3 Fall
and/or ARE 633: Natural Resource Policy Analysis 3 Fall
Suggested Electives
Credit Hours
Rotation
RESM 440: Foundations of GIS 3 Fall/Summer
RESM 444: Advanced GIS 3 Fall
RESM 575: Spatial Analysis for Resource Management 3 Spring
RESM 585: GIS and Spatial Analysis Project 3 Fall/Spring/Summer
RESM 540: Geospatial Modeling 3 Fall/Summer
ENVP 525: Principles of Water Resources 3 Fall
RESM 560: Advanced Energy Project Management 3 Spring
ARE 461: Agribusiness Finance (Starting 2022) 3 Spring
ARE 620: Adaptation and Mitigation Strategies for Addressing Climate Change 3 Spring
ARE 461. Agribusiness Finance. 3 Hours. An overview of financial analysis and the application of financial principles to small, rural and agricultural businesses. Includes applications of financial analysis computer software.

ARE 601. Applied Microeconomics. 4 Hours. PR: ARE 401 or equiv. Consumer and production economics applied to resource, environmental, and agricultural analysis.

ARE 620. Adaptation and Mitigation Strategies for Addressing Climate Change. 3 Hours. This course identifies mechanisms that may be used to offset or reduce the effects of a changing climate. It addresses options that can help to protect agriculture and food production, protect human health, improve water resources and ecosystems services, and provide for the energy needed for continued economic activity. Students cannot receive credit for both ARE 420 and ARE 620.

ARE 621. Quantitative Methods in Resource Economics. 3 Hours. PR: ARE 601 and ECON 421 or equivalents. Optimization techniques in economic analysis of natural resources; environmental and agricultural management problems; linear, nonlinear, and dynamic programming.

ARE 624. Econometric Methods in Resource Economics. 3 Hours. PR: ECON 425. Application methods to natural resource, environmental, and agricultural economic problems; single and simultaneous equation models, specification problems, topics in time series, and cross-sectional analysis.

ARE 632. Natural Resource and Environmental Economics. 3 Hours. PR: ARE 600 and ARE 621 or equivalent. Theory and institutions; market failure, externalities and property rights issues; renewable and nonrenewable resources, common property, environmental and resource management, and intergenerational decisions.

ARE 696. Graduate Seminar. 1-3 Hours.  PR: Consent. Each graduate student will present at least one seminar to the assembled faculty and graduate student body of his or her program.

ENVP 525. Principles of Water Resources. 3 Hours. Geographic distribution/redistribution, quantity, and quality of water resources and their roles in human and environmental systems. Applies alternative policy frameworks to explore the decision-making challenges surrounding water resources.

RESM 440. Foundations of Applied Geographic Information Systems. 3 Hours. An introductory course designed to provide the necessary background and techniques to use GIS technology to analyze and solve spatial problems. An emphasis is placed on acquisition, management, and manipulation of spatial data.

RESM 444. Advanced GIS for Natural Resource Management. 3 Hours. PR or CONC: RESM 440 with a minimum grade of C- or consent. Provides advanced training using geographic information systems to address the spatial issues of managing natural resources.

RESM 540. Geospatial Modeling. 3 Hours. There are two goals for this course: to present the fundamental methods for analyzing spatial data statistically, and to demonstrate spatial model building implementation and analysis. A prior statistics or econometric course is recommended.

RESM 560. Advanced Energy Project and Program Management. 3 Hours. This course builds around the concepts and best practices required to manage, coordinate and provide effective leadership for multi-dimensional programs and projects in the energy and environmental resource industries.

RESM 575. Spatial Analysis for Resource Management. 3 Hours. This interdisciplinary course develops and applies advanced Geography Information System (GIS) and spatial analysis skills for natural resource and environmental management. (Previous GIS experience helpful.).

RESM 585. GIS and Spatial Analysis Project. 3 Hours. PR: RESM 440 or GEOG 350 or consent. Provides an opportunity for students to pursue a research interest in the spatial sciences with development of an applied spatial project and paper. Guidance and direction will be provided to assure relevant integration of the geospatial techniques to address the problem addressed.


Program Faculty

  • Elizabeth Byrd, Teaching Assistant Professor of Resource Economics and Management and Undergraduate Coordinator
  • Alan Collins, Director and Professor of Resource Economics and Management
  • Levan Elbakidze, Associate Professor of Resource Economics and Management
  • Suhyun Jung, Assistant Professor of Resource Economics and Management
  • Ana Claudia Sant' Anna, Assistant Professor of Resource Economics and Management
  • Doolarie Singh-Knights, Associate Professor of Resource Economics and Management Extension Specialist – Agriculture and Natural Resources
  • Mark Sperow, Associate Professor of Resource Economics and Management
  • Heather Stephens, Associate Professor of Resource Economics and Management
  • Mike Strager, Davis-Michael Professor of Resource Economics

Contact Information

Program Contacts


For questions about the admissions process: 

Wendy Daly
Graduate Records Officer
WVU Davis College of Agriculture, Natural Resources and Design
Phone: (304) 293-2291
Email: wendy.daly@mail.wvu.edu


For program-specific questions regarding curriculum content, etc.: 

Levan Elbakidze
Associate Professor Graduate Coordinator of Resource Economics and Management
WVU Davis College of Agriculture, Natural Resources and Design
Phone: (304) 293-5497
Email: levan.elbakidze@mail.wvu.edu

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