Vanderbilt University

What you'll study

The programme combines core economic theory and applied econometrics with specialised study of environmental and resource issues. Core modules typically cover microeconomic theory for public policy, applied econometrics, and cost–benefit analysis. Specialist modules focus on environmental economics, natural resource economics, climate economics, energy economics, and the economics of pollution control and regulation.

• Microeconomic theory and public policy — decision-making under scarcity, externalities, public goods and market failure.
• Applied econometrics — causal inference, panel data, programme evaluation and methods for empirical environmental analysis.
• Environmental and natural resource economics — valuation of environmental goods, renewable and non-renewable resources, fisheries and forestry economics.
• Energy and climate policy — market-based instruments, carbon pricing, emissions trading, and modelling of policy impacts.
• Policy analysis and regulation — design and assessment of environmental regulation, cost–benefit and cost–effectiveness frameworks.
• Electives and interdisciplinary options — land-use planning, environmental law, urban economics, or spatial analysis/GIS depending on availability.

The degree normally includes a substantial research component, which may take the form of a supervised thesis or an applied policy capstone project. Students also have opportunities for applied work through collaborations with university research centres and external internships.

Entry requirements

Applicants are expected to hold a recognised bachelor's degree in economics, mathematics, statistics, engineering, environmental science or a closely related field. A strong quantitative background is essential: coursework in calculus, linear algebra, intermediate microeconomics and statistics/econometrics is normally required.

• Academic record — a solid undergraduate performance in relevant quantitative subjects.
• Preparation in economics and maths — prior courses in microeconomics, statistics/econometrics and calculus are normally expected.
• Supporting materials — academic transcripts, letters of recommendation, a statement of purpose outlining research or career goals, and a CV.
• English language — evidence of English proficiency where applicable.

Admissions processes and test requirements can change; applicants should consult the programme admissions page for the most up-to-date information and for guidance on qualifying preparatory courses if their background is non-quantitative.

Career prospects

Graduates are prepared for roles that combine economic analysis with environmental and energy policy work. Typical employers and roles include:

• Government departments and agencies (environment, energy, finance) as policy analysts or economic advisors.
• International organisations and multilateral development banks working on climate, environment and sustainable development projects.
• Consultancies and think tanks providing environmental and energy economics services, regulatory impact assessment and valuation studies.
• Private sector firms in energy, natural resources and corporate sustainability teams conducting economic and risk analysis.
• Non-governmental organisations and advocacy groups focusing on environmental policy, conservation economics and programme evaluation.
• Progression to doctoral research in economics or environmental studies for those pursuing academic careers.

Why study at Vanderbilt University

Vanderbilt offers a research-led environment with strong quantitative training through its economics department alongside interdisciplinary connections to environmental and energy institutes. Students benefit from access to university research centres that focus on energy, environment and sustainability, which support applied projects and foster links with policy and industry partners.

The programme emphasizes rigorous empirical methods and real-world policy relevance, delivered in a relatively small cohort that allows close supervision of research projects. Its location and institutional networks create opportunities for internships, collaborative research and engagement with regional, national and international policy actors.