University of Massachusetts Amherst

USA
1 Scholarships 168 Programs 3 Degree levels
Masters

Master's in Economics

DegreeMasters
FieldEconomics.
B

Cost & earnings at University of Massachusetts Amherst What students borrow here, and what they go on to earn

You borrow $22,763 median federal debt
You repay $259/mo over 10 years
Graduates earn $71,631 10 yrs after entry
Debt clears in 0.7 yrs of the salary premium
US Department of Education figures See the full breakdown →

The Master's in Economics with a focus on Environmental Economics and Policy at the University of Massachusetts Amherst develops applied economic tools to analyse environmental problems and design policy responses. It suits graduates with quantitative aptitude who want to work at the interface of economics, natural resources and public policy, or prepare for doctoral study or specialist roles in government, NGOs and consulting.

What you'll study

This master's builds a strong core in microeconomic theory and econometrics and applies those tools to environmental and resource problems. Core modules typically include advanced microeconomics, applied econometrics, and environmental economics, covering topics such as externalities, public goods, non-market valuation, natural resource management and the economics of climate change.

Students choose from policy-focused and quantitative electives to tailor the degree. Common elective subjects include cost–benefit analysis and policy evaluation, environmental law and regulation, energy economics, land and water resource economics, programme evaluation methods, and spatial or natural resource modelling. Coursework emphasises hands-on empirical work: you will often run econometric analyses using real datasets, estimate valuation models, and undertake policy simulation exercises.

The programme offers options for a thesis or a research/capstone project. The thesis route is research-intensive and suited to students considering a PhD, while the capstone or practicum involves applied policy work often in collaboration with faculty research centres or external partners.

Entry requirements

  • Bachelor's degree from an accredited institution, normally with a strong quantitative component (economics, mathematics, statistics, engineering, environmental science with maths content or related).
  • Evidence of preparation in microeconomics and calculus; undergraduate coursework in intermediate economics and econometrics or statistics is highly desirable.
  • Academic transcripts and a personal statement describing research interests and career goals.
  • Letters of recommendation (usually two or three) from academic or professional referees familiar with your quantitative and analytical skills.
  • For applicants whose first language is not English, an approved English language qualification is required unless exempted by institutional policy.
  • GRE scores may be requested or recommended by the department for some applicants; consult the department for current testing policy.

Career prospects

Graduates are prepared for roles that require both economic expertise and environmental policy knowledge. Typical employers include national and local governmental agencies (environmental protection, energy and natural resources departments), international organisations, environmental NGOs, and specialised consulting firms offering policy advice, cost–benefit analysis and environmental valuation.

Common job titles held by alumni include environmental economist, policy analyst, natural resource economist, energy analyst, programme evaluator and environmental consultant. The programme also provides a route into doctoral research in economics, environmental economics or public policy for students aiming at academic or high-level research careers.

Why study at University of Massachusetts Amherst

UMass Amherst combines a rigorous economics curriculum with interdisciplinary research strengths in environmental and public affairs. Students benefit from access to active research centres on campus that focus on political economy, environmental policy and sustainability, enabling applied project work and collaboration with faculty across economics, environmental science and public policy.

The department emphasises empirical skills and offers substantial opportunities to work with faculty on funded research projects. Being part of a large research university provides access to broad course options, computing resources, and regional policy networks in New England, which can support internships and placements with government and non‑profit organisations.

Overall, the programme is suited to students who want a quantitative economics training with a clear emphasis on environmental problems and policy design, anchored in an active research environment.

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