University of Iowa

What you'll study

The programme provides rigorous training in microeconomic theory, applied econometrics and empirical methods, with specialised coursework and research on environmental and natural resource issues. Core graduate modules cover microeconomic theory, macroeconomic theory, and advanced econometrics; environmental specialisation typically includes topics such as natural resource economics, environmental valuation and benefit–cost analysis, energy economics, climate economics, and the economics of pollution control.

• Core coursework: advanced microeconomics, mathematical methods for economists, and econometric theory and applications.
• Environmental modules: resource and conservation economics, environmental policy design, climate-change economics, energy markets and policy, valuation methods (stated and revealed preference), and regulatory and market-based instruments.
• Methodology and tools: applied microeconometrics, panel data, causal inference, program evaluation, forecasting, and spatial/GIS methods when relevant to environmental analysis.
• Research training: seminars, directed reading courses, working papers workshops and a sustained research apprenticeship with a faculty advisor leading to a doctoral dissertation.
• Structure: the early years combine coursework and qualifying examinations; after passing required examinations students advance to PhD candidacy and focus on dissertation research, often producing publishable papers.

Entry requirements

Applicants are expected to hold a strong undergraduate degree in economics or a related quantitative discipline; applicants with a relevant master's degree are also encouraged to apply. Successful candidates typically have substantial preparation in calculus, linear algebra, probability and statistics, intermediate microeconomics and econometrics. Evidence of quantitative research potential, such as a strong grades profile in quantitative courses, research or relevant work experience, and well-developed letters of recommendation, strengthens an application.

• Academic transcript: undergraduate and, if applicable, postgraduate transcripts demonstrating quantitative coursework.
• Statement of research interests: a clear research statement describing interest in environmental economics and proposed directions for doctoral research.
• Letters of recommendation: usually three academic or professional references who can speak to research potential and quantitative ability.
• Test scores and prerequisites: GRE or other test requirements vary by year; check department guidance. Prior training in calculus, microeconomics and econometrics is assumed.
• Funding consideration: admissions decisions are usually linked to funding offered through teaching or research assistantships and fellowships; indicate funding needs in your application if required.

Career prospects

Graduates with a PhD focusing on environmental economics and policy pursue a range of careers. Academic posts in economics, public policy and environmental studies are a common path. Graduates also work in government agencies (environmental protection, natural resources, energy ministries), international organisations (development banks, UN agencies), environmental consultancies, think tanks, and private sector roles in energy, utilities and environmental risk management.

• University and college faculty positions and postdoctoral research.
• Policy analyst or economist roles in central and local government environmental and resource departments.
• Research economist or consultant in environmental and energy consultancies and NGOs.
• Analyst roles in international organisations and development banks focusing on environmental projects and climate policy.
• Private sector positions involving environmental risk assessment, carbon markets, and sustainability strategy.

Why study at University of Iowa

The University of Iowa’s PhD programme combines rigorous core training in economic theory and econometrics with opportunities for interdisciplinary collaboration across public policy, environmental sciences and regional planning. Students benefit from close mentorship by faculty with applied and policy-relevant research interests, regular research seminars and workshops, and access to empirical datasets relevant to agricultural, water and energy economics in a state with active environmental and resource policy debates.

Doctoral students have opportunities to gain teaching and research experience through assistantships, to participate in collaborative projects with government and non-governmental partners, and to develop a publication record through working-paper series and journal submissions — all of which support strong professional placement in academia, policy institutions and the private sector.