University of Iowa

What you'll study

The programme builds a solid foundation in core economic theory and quantitative methods, then applies those tools to environmental problems. Core modules typically cover microeconomic theory, applied econometrics, and public economics. Specialist modules address environmental economics topics such as natural resource economics, benefit–cost analysis, valuation of environmental goods, climate change economics, and the design and evaluation of market-based policy instruments.

Students choose from electives that may include environmental policy analysis, energy economics, resource management, land use and property rights, and advanced econometric methods for panel and time-series data. The degree normally includes a research seminar and a substantial applied component: either a supervised master's thesis or a practicum/capstone project that analyses a real-world environmental policy problem using empirical methods.

The programme is interdisciplinary in approach: students frequently take courses or co-supervised research with faculty in environmental science, public policy, geography and natural resource management, and make use of University of Iowa research centres and data resources for applied work.

Entry requirements

Applicants are expected to hold a recognised bachelor’s degree in economics, applied mathematics, statistics, environmental science with strong quantitative training, or a related field. Typical academic preparation includes undergraduate courses in microeconomics, macroeconomics, calculus and introductory statistics/econometrics.

Admissions materials generally include a transcript, a statement of purpose outlining research or career aims in environmental economics and policy, a CV, and one or more academic or professional references. GRE requirements vary by programme and may be optional; applicants should check the department guidance. International applicants must demonstrate English proficiency through an accepted test unless exempted by prior study in English.

Successful candidates usually demonstrate quantitative aptitude (for example through coursework in calculus, linear algebra or statistics), familiarity with core economic concepts, and an interest in empirical policy analysis. Relevant professional experience, research exposure or publications are advantageous.

Career prospects

Graduates pursue careers across the public, private and non-profit sectors as well as continuing to doctoral study. Typical roles include environmental economist or policy analyst in government agencies, regulatory bodies and international organisations; consultant in environmental, energy and natural resource consulting firms; analyst roles in think tanks and non-governmental organisations; and sustainability or environmental strategy positions in industry.

Other career pathways include natural resource management, impact evaluation and programme monitoring, benefit–cost analysis for infrastructure and environmental projects, and data- or modelling-focused roles that use econometric and quantitative skills. The programme also provides preparation for further academic research at the PhD level.

Why study at University of Iowa

The University of Iowa offers rigorous training in applied econometrics and policy-relevant economics within a research-active Department of Economics and a collaborative campus environment. Students benefit from interdisciplinary links with the Center for Global and Regional Environmental Research and other campus units that support environmental and sustainability research, providing access to applied projects, datasets and faculty across disciplines.

Location in the American Midwest gives particular strengths for studying agricultural and natural resource issues and access to regional policy challenges as case studies. The university also provides career and professional development support, opportunities for practicum placements, and mentoring that help bridge academic work and policy or industry employment.