This program provides the tools of economic analysis at an advanced level and applies them to policy issues with a focus on environmental and resource economics. Areas of specialisation covered in elective courses include: agricultural and resource economics, cost-benefit analysis, economic development, econometric methods, economic regulation, and environmental and natural resource policy. A common theme across these courses is the integration of environmental and resource decisions into the broader context of national and international economic policy.

Graduates find ready employment with universities, national and international policy agencies, leading corporations and civil society organisations.

Learning Outcomes

Upon successful completion, students will have the skills and knowledge to:

  1. use advanced tools to analyse the economic effects of policy change and to formulate economic policies
  2. understand the issues in the coordination of policies in environmental and resource economics
  3. access the academic literature in applied economics and economic policy
  4. undertake independent research in applied economics and policy, especially in environmental and resource economics

Cognate disciplines

Applied Economics, Econometrics, Economic Policy, Economics, Engineering, Mathematics, Statistics

Career Options

Graduates from ANU have been rated as Australia's most employable graduates and among the most sought after by employers worldwide.

The latest Global Employability University Ranking, published by the Times Higher Education, rated ANU as Australia's top university for getting a job for the fourth year in a row.

Admission Requirements

  • A Bachelor degree or international equivalent with a minimum GPA of 5/7.
  • All applicants must meet the University's English Language Admission Requirements for Students
  • Applicants with a Bachelor degree in a cognate discipline may be eligible for up to 24 units of credit.
  • Applicants with a Graduate Diploma or Honours in a cognate discipline may be eligible for up to 48 units of credit
  • Students must complete the pre-sessional component before continuing to the preliminary component.
  • Students must achieve a minimum 50% weighted average mark in the initial component to continue to the concluding component.
  • Students who do not achieve a minimum 50% weighted average mark in the initial component will be transferred to the Graduate Diploma of Public Policy.


Domestic Tuition Fees

Annual indicative fee for domestic students: $33,888.00

International Tuition Fees

Annual indicative fee for international students: $45,168.00


ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are. Specific scholarship application process information is included in the relevant scholarship listing.

Program Requirements

The Master of Environmental and Resource Economics requires the completion of 96 units, which must consist of:

Completion of the following pre-sessional component:

  • CRWF6900 Graduate Academic and Research Skills for Public Policy


    • IDEC6900 Graduate Preparatory Microeconomics
    • IDEC6907 Graduate Preparatory Mathematical Methods


    • IDEC6905 Graduate Preparatory Macroeconomics
    • IDEC6906 Graduate Preparatory Econometrics

48 units from completion of the following initial component:

  • 36 units from completion of the following compulsory courses:
    • IDEC8001 Applied Economics: Cost/Benefit Analysis
    • IDEC8002 Macroeconomic Analysis and Policy
    • IDEC8015 Mathematical Methods in Applied Economics
    • IDEC8016 Microeconomic Analysis and Policy
    • IDEC8017 Econometric Techniques
    • IDEC8029 Issues in Applied Microeconomics
  • 6 units from completion of a course from the following list:
    • EMDV8078 Introduction to Environmental and Resource Economics
    • IDEC8003 Issues in Development Policy
    • IDEC8030 Issues in Applied Macroeconomics
  • 6 units from completion of an environmental course from the following list:
    • EMDV8007 Environmental Policy and Communications
    • EMDV8013 Issues in Development and Environment
    • EMDV8026 Introduction to Environmental Science
    • EMDV8101 State, Society and Natural Resources
    • EMDV8108 Applied Environmental and Resource Management

48 units from completion of the following concluding component:

  • 24 units from completion of the following compulsory courses:
    • CRWF8000 Government, Markets and Global Change
    • IDEC8018 Agricultural Economics and Resource Policy
    • IDEC8053 Environmental Economics
    • IDEC8064 Masters Microeconomics
  • 6 units from completion of a research project or skills course from the following list:
    • IDEC8011 Masters Research Essay
    • IDEC8023 Case Studies in Applied Econometrics
    • IDEC8026 Quantitative Policy Impact Evaluation
  • A minimum of 6 units from completion of an economics or econometrics course from the following list:
    • ECON8010 The Economics of Taxation and Redistribution
    • ECON8022 Macroeconomic Theory (Master)
    • ECON8038 Industrial Organisation
    • ECON8047 Law and Economics
    • ECON8050 Economic Growth
    • EMET8001 Applied micro-econometrics
    • EMET8010 Applied Macro and Financial Econometrics
    • EMET8012 Business and Economic Forecasting
    • EMET8014 Fundamentals of Econometric Methods
    • IDEC8007 Aid and Development Policy
    • IDEC8008 Open Economy Macroeconomics, Finance, and Development
    • IDEC8009 Trade, Development and the Asia Pacific Economy
    • IDEC8010 Quantitative International Economics
    • IDEC8011 Masters Research Essay
    • IDEC8012 Monetary Policy and Central Banking in the Asia Pacific
    • IDEC8014 Quantitative Financial Economics
    • IDEC8017 Econometric Techniques
    • IDEC8020 Applied Economic Dynamics
    • IDEC8022 Economic Development
    • IDEC8025 Empirical Public Finance
    • IDEC8026 Quantitative Policy Impact Evaluation
    • IDEC8028 The Microeconomics of Development
    • IDEC8081 The Economics of Incentives and Institutions
    • IDEC8088 Cost-Benefit Analysis: Principles and Practice
    • IDEC8089 Energy Economics
    • IDEC8123 Topics in International and Development Economics
  • A maximum of 12 units from completion of courses from the following list:
    • CRWF7000 Applied Policy Project
    • EMDV8001 Environmental Sustainability, Health and Development
    • EMDV8002 Methods for Environmental Decision-Making
    • EMDV8007 Environmental Policy and Communications
    • EMDV8012 Ecological Economics and Policy
    • EMDV8080 International Climate Change Policy and Economics
    • EMDV8081 Domestic climate change policy and economics
    • EMDV8082 Food Wars: Food Security and Agricultural Policy
    • EMDV8104 Environmental Governance
    • POGO8004 Poverty Reduction
    • POGO8015 Foreign Direct Investment Policy
    • POGO8048 Public Finance
    • POGO8057 Managing Government Finances
    • POGO8076 Corruption and Anti-corruption
    • POGO8082 Political Institutions and Policy Processes
    • POGO8095 Development Policy and Practice
    • POGO8101 Policy Process and Analysis
    • POGO8210 Case Studies in Economic Policy
    • POGO8212 Energy Politics and Governance
    • POGO8220 Issues in Japanese Policy


  • Development Policy
Program taught in:
  • English

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This course is Campus based
Start Date
2 years
33,888 AUD
Annual Indicative Domestic Tuition Fee; $45,168 Annual Indicative International Tuition Fee
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