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Economics for Natural Resource and Environmental Management MSc/PgDip/PgCert
The current emphasis on sustainable management across the globe is a consequence of a growing awareness of the impact of modern society on the environment. Such concerns are clearly evident in recent high profile studies such as the Millennium Ecosystem Assessment.
As a result, there is a pressing international need for people with the ability to apply economic principles and techniques to support decision making for the effective and efficient management of natural resources and the environment.
This course provides graduates with an understanding of the complex relationship between environmental issues and the impact of economic decision making. Students critically appraise alternative environmental measures and develop the ability to identify and recommend suitable solutions for effective environmental management.
The course comprises eight one-week assessed modules, an introductory module, a group project and an individual research project. Students undertaking the Postgraduate Diploma (PgDip) complete eight modules, the introductory module and the group project. Postgraduate Certificate (PgCert) students complete six modules.
The group project is an applied team based activity, in which students apply their knowledge of natural resource and environmental economics to address real-world problems. Success depends on the integration of various activities in relation to agreed objectives, deadlines and budgets. Students submit a project report and present their findings to representatives from the public sector and/or industry.
Students select an individual project in consultation with the Course Director. It provides students with the opportunity to develop and demonstrate independent research ability, working within agreed objectives, deadlines and budgets. Part-time students usually undertake their individual project at their place of work.
The modules include lectures and tutorials, and are assessed through written examinations and assignments. These provide the knowledge of theory and techniques required for the group and individual projects.
Environmental Policy and Risk Governance
A critical application of environmental risk management is in the development and appraisal of Policy in Central Government. Policies are developed to manage environmental risks and selection of policy options must be informed by risk based tools and techniques. Doing so demands a comprehension of the technical, organisational and human elements of governing environmental risks – that is, of the communication, analysis, management and delivery of sound risk governance. This module draws these themes together by introducing core concepts and then illustrating these concepts with case studies and finally application via a group exercise. Core lectures and supporting material are supported by a Master class in environmental risk management and policy development with time allowed for group discussion.
- Risk governance
- Problem definition
- Environmental risk analysis and management
- Implementation within organisations
- Environmental policy development and appraisal
- Policy instruments.
Intended Learning Outcomes
- On successful completion of this study the student should be able to:
- Define the technical, organisational and human features of good environmental risk governance
- Compare and contrast environmental risk management techniques, selecting tools appropriate the character of the risk in question
- Identify the requirements of risk management maturity and the pre-requisites of good corporate risk governance
- Understand the environmental policy cycle of implementation and the basics of policy development and appraisal
- Demonstrate a systematic understanding of the range of policy instruments, namely regulation, economic, voluntary and other measures
- Understand the role of environmental risk management in policy development and appraisal
- Apply their knowledge through a group exercise, developing and appraising policy options to manage environmental risk.
- Environmental Policy and Risk Governance
Taught modules 40%, group project 20% (dissertation for part-time students), individual thesis project 40%.
Start date: Full-time: October. Part-time: throughout the year.
Duration: One year full-time, two-three years part-time.
Teaching location: Cranfield
Our courses are designed to meet the training needs of industry and have a strong input from experts in their sector. These include:
- P A Consulting
- Joint Research Centre, Ispra
- Cresswell Associates
- Chartered Institute of Waste Management
- Geospatial Insight
- Oakdene Hollins
- Astrium Geo-information Services
- Landscape Science Consultancy
- WRc PLC
- Environment Agency
- Chartered Institute of Water and Environment Management
- Health Protection Agency
- Neales Waste
- Natural England
- National Trust
- SLR Consulting
- Highview Power Storage
- Nomura Code Securities
You will be taught by a wide-range of experts from the academic staff at Cranfield as well as professional economists from the public and private sectors. To ensure the programme is aligned to industry needs, the course is directed by its own Industrial Advisory Committee.
Dr Monica Rivas Casado
Dr Anil Graves
Dr Paul Burgess
Dr Phil Longhurst
Candidates must possess, or be expected to achieve, a 1st or 2nd class UK Honours degree or equivalent in a relevant discipline. Other relevant qualifications, together with significant experience, may be considered. Suitable for graduates with natural, physical, engineering science and business-related degrees keen to align their careers toward natural resource and environmental economics, or graduates with a degree in economics seeking to develop a specialist knowledge of natural resource and environmental economics.
Students whose native language is not English must have attained any of the following as evidence of English language ability:
- IELTS - Academic (International English Language Testing Service): an overall minimum score of 6.5
- TOEFL (Test of English as a Foreign Language): Internet based test - minimum score of 92. Our TOEFL institution code is 0822
- TOEIC (Test of English for International Communication): Listening and reading test minimum score of 800. Speaking and writing test minimum score of 310
- Pearson Test of English (Academic): an overall score of 65
- Cambridge Certificate of Advanced English or Cambridge Certificate of Proficiency in English with a minimum of Grade C
In addition to these minimum overall test scores, you are expected to achieve a balanced score across the reading, writing, listening and speaking elements of the test. We reserve the right to reject any test score if any one element of the test score is too low. Please note that we will only accept tests taken within two years of the start date of your course (with the exception of Cambridge English tests which have no expiry date).
Full-time Home/EU - £6,800
Full-time International - £16,000
Please contact us for part-time fees.
Fees are payable annually for each year of study unless otherwise indicated.
The fees outlined here apply to all students whose initial date of registration falls on or between 1 August 2013 and 31 July 2014 and the University reserves the right to amend fees without notice.
All students pay the tuition fee set annually by the University for the duration of their course (which may be raised year on year) unless otherwise set out in a schedule at the outset of the course and outlined above.
Additional fees for extensions to registration may be charged.
Fee eligibility at the Home/EU rate is determined with reference to UK Government regulations. As a guiding principle, EU nationals (including UK) who are ordinarily resident in the EU pay Home/EU tuition fees, all other students (including those from the Channel Islands and the Isle of Man) pay international fees.
Funding opportunities exist, including industrial sponsorship, School bursaries and a number of general external schemes. For the majority of part-time students sponsorship is organised by their employers. We recommend you discuss this with your company in the first instance.
Online application form. UK students are normally expected to attend an interview and financial support is best discussed at that time. Overseas and EU students may be interviewed by telephone.
Takes you on to a wide-range of careers as professional economists in the public and private sectors.