Natural Resource Economics

Undergraduate Minor

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Make an impact with a minor in natural resource economics

Learn to make smart economic decisions and carefully manage natural resources with this unique minor! UW’s natural resource economics program prepares students for fulfilling careers in natural resource planning, policy and management.

As a student, you’ll get to participate in active student-led organizations and paid internships. Students also have the opportunity to enjoy study-abroad programs that are tailored to the agricultural sector of international regions, including France and Australia.

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This program is currently offered in
the following locations:

Laramie Campus

About the Natural Resource Economics Minor

A minor in natural resource economics is a powerful addition to any undergraduate degree. Why? You’ll add management and economic decision-making skills to your resume in addition to learning how to allocate natural resources.

This minor consists of 21 credit hours, including four required courses and your choice of three approved electives. Course topics range from water resource economics to negotiation. Our wide variety of course offerings ensures you’ll graduate ready to pursue an impactful career!

You must be enrolled in an undergraduate degree at the University of Wyoming to declare a natural resource economics minor. Students can count courses for their primary degree toward this minor.

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Students are encouraged to join one of the many student-led clubs and organizations on campus. Doing so is a great way to meet like-minded peers, network with professionals and get involved in the local community. The College of Agriculture, Life Sciences and Natural Resources is home to more than 30 student clubs and organizations, including:

 

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Natural Resource Economics Minor Highlights

Unique Courses

Our natural resource economics program includes a wide variety of course topics, including law, policy, microeconomics, water resources and more.

  • Economics of Range Resources: In this course, students learn to apply economic and decision theory to the management and allocation of public and private range resources.  
  • Water Resource Economics: This course presents principles and procedures appropriate to water resource allocation and development decisions. Students study agricultural, recreational, industrial and other uses of water.
  • Natural Resource Planning and Economics: Students learn the economic concepts and rudimentary analytical tools that are applied to federal, state and local natural resource planning and management programs. Students additionally learn to evaluate tradeoffs and resolve conflicts.

 

The Department of Agriculture and Applied Economics is proud to offer two exciting study abroad programs: France’s Food and Farm Culture and Australia’s Export-Led Ag Sector. In France, students take field trips to Paris, live with host families and learn about wine and bread making. In Australia, students visit over a dozen agricultural operations and travel to Sydney.

STUDY ABROAD PROGRAMS

Applying what you’ve learned is a key part of mastering new skills. That’s why we partner with a variety of businesses, agricultural firms and banks to provide students with paid internship opportunities.

 

Students have the opportunity to network with alumni and industry partners through farm and business tours, networking events and classes.

 

What can you do with a minor in natural resource economics?

A minor in natural resource economics is the right choice for anyone seeking an agriculture or business-related career. Our graduates are prepared to analyze resource trade-offs, evaluate natural resource policies and make smart economic decisions.

A minor in natural resource economics can complement a variety of majors and open doors to careers that combine environmental awareness with economic insight. Here are some jobs where this background is especially useful:

  • Environmental consultant
  • Resource economist assistant
  • Conservation analyst
  • Sustainability coordinator
  • Natural resource policy assistant
  • Land use planner
  • Environmental education specialist
  • Agricultural or energy analyst
  • Forestry or wildlife management support roles
  • Nonprofit or government program coordinator

UW grads pursue fulfilling careers with a variety of employers in the natural resource sector. Here are some of the places they work:

  • USDA Natural Resources Conservation Service
  • Wyoming Game & Fish Department
  • Wyoming Department of Environmental Quality
  • U.S. Department of Housing and Urban Development
  • Peace Corps
  • U.S. Forest Service

Natural resource economics is the study of how we use, manage and conserve the Earth’s natural resources—like water, forests, minerals and energy—in a way that balances environmental sustainability with economic needs. It combines principles of economics with environmental science to explore how policies, markets and human behavior impact resource use over time. You'll learn to evaluate trade-offs, assess environmental costs and benefits and help design solutions that support both the economy and the planet.

A natural resource economist analyzes how we use and manage natural resources like water, energy and land to support both economic development and environmental sustainability. They collect and interpret data, evaluate the costs and benefits of policies, and advise governments, nonprofits or businesses on resource-related decisions. Their work helps shape smarter strategies for conservation, energy use and long-term environmental planning.

"The natural resource economics minor gives students the basic foundations to tackle some of today’s most pressing challenges—how we balance economic growth with environmental stewardship. Whether you're majoring in business, engineering or agricultural sciences, this minor adds valuable skills that employers are looking for."

- Ben Rashford, Department Head, Agricultural and Applied Economics