Course Overview

Many of the greatest challenges facing societies around the world today relate to environmental concerns—from climate change to food and energy security, the need to achieve sustainable and resilient forms of economic development, sustainable use of natural resources, pollution or biodiversity loss. The discipline of environmental economics is central to our understanding of these challenges and to the framing and evaluation of appropriate policy responses.

This course will equip students with the skills to address these challenges through a unique combination of theoretical and applied subjects.  These are delivered through small group teaching by academics as well as industry and policy experts. This guarantees a practical focus that is further strengthened through work placements in related companies or research institutes in Ireland or abroad.

The programme is specifically targeted to provide students with employability skills that are relevant to shape and influence future public policy, conduct environmental evaluations, lead research projects, work in a business or consultancy role, with international development and aid agencies or continue education through further academic study.

The aims of the MSc in Global Environmental Economics are to equip graduates with the following skills:

  1. Understand and analyse global environmental issues from an economic perspective
  2. Critically evaluate and inform future public policy in relation to the environment
  3. Advanced knowledge of economic methods used to analyse environmental problems
  4. Understand global interlinkages of environmental problems and how these differ around the world
  5. Effective communication skills and be proficient with various media 

Key Descriptors

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Applications and Selections

The application process includes a personal statement. 

For applicants whose first language is not English an IELTS score of 6.5 or equivalent is required.

Who Teaches this Course

  • Dr Thomas van Rensburg, PhD
  • Dr Doris Laepple, PhD
  • Dr Stephen Hynes, PhD
  • Dr John Cullinan, PhD
  • Dr Ashley Piggins, PhD
  • Ms Breda Lally

Requirements and Assessment

Assessment

Each module comprises of a combination of continuous assessment and an end-of-semester exam. In line with employer needs, communication and presentations skills are implemented in the assessment structure. 

The dissertation of approximately 10,000 words in length is submitted in autumn and involves a series of discussions, meetings and progress reporting to supervisors within an agreed timeframe. The dissertation is usually closely linked to the work placement. 

Key Facts

Entry Requirements

Students with a primary degree with Second Class Honours, Grade 1 or equivalent, which will have included the study of Economics can apply. Students who hold a Higher Diploma in Economics with Second Class Honours, Grade 1 or equivalent may also apply.

Students without an economic background are also encouraged to apply and will be accepted subject to successful completion of an online preparatory Economics course. These students are advised to get in touch with the course coordinator as early as possible for more details. 


Additional Requirements

Duration

1 year (full-time); 2 years (part-time)

Next start date

September 2018

A Level Grades ()

Average intake

25

Closing Date

Please refer to the offer rounds/closing date webpage.

NFQ level

Mode of study

ECTS weighting

Award

CAO

Course code

GYC44 (full-time) | GYC45 (part-time)

Course Outline

Programme Structure (full-time) 

Semester 1 Core

Mod Code

Module Title

ECTS credits

EC501

Microeconomic Theory

10

EC506

Econometrics

10

EC5118

Climate Change Economics

10

EC5117

Natural Resource Governance and Sustainability

10

 Semester 2 Core

Mod Code

Module Title

ECTS credits

EC5115

Environmental Economic Modelling

10

EC517

Cost Benefit Analysis and Evaluation

10

EC5116

Global Issues in Agricultural, Marine and Renewable Energy Economics

10

 

Optional module

10

EC505

Dissertation

10

Plus one optional module in Semester 2 

Mod Code

Module Title

ECTS credits

EC5102

Renewable Energy Economics and Policy

10

MG6111

Innovation Management

10

MS5109

Business Analytics with SAP

10

EC5119

Derivatives and Risk Management

10

MK5132

Social Marketing & Environmental Sustainability

10

 Programme Structure (Part-time) Year 1

Semester 1 Core

Mod Code

Module Title

ECTS credits

EC501

Microeconomic Theory

10

EC5118

Climate Change Economics

10

Semester 2 Core

Mod Code

Module Title

ECTS credits

EC5116

Global Issues in Agricultural, Marine and Renewable Energy Economics

10

 

Optional Module

 

Plus one optional module

Mod Code

Module Title

ECTS credits

EC5102

Renewable Energy Economics and Policy

10

MG6111

Innovation Management

10

MS5109

Business Analytics with SAP

10

EC5119

Derivatives and Risk Management

10

MK5132

Social Marketing & Environmental Sustainability

10

 Programme Structure (Part-time) Year 2

 Semester 1 Core

Mod Code

Module Title

ECTS credits

EC506

Econometrics

10

EC5117

Natural Resource Governance and Sustainability

10

 Semester 2 Core

Mod Code

Module Title

ECTS credits

EC5115

Environmental Economic Modelling

10

EC517

Cost Benefit Analysis and Evaluation

10

EC505

Dissertation

10

Why Choose This Course?

Career Opportunities

Future employment

Graduates have found employment in international development and aid agencies, the European Commission, utility companies, government departments, investment banks, corporate environmental investment funds, United Nations organisations, consultancy firms and local authorities, and many of our graduates have gone to undertake PhDs.

Graduate Employers include: Department of Communications, Climate Action and Environment (DCCAE) Marine Institute, Galway County Council, Environmental Protection Agency (EPA), Sustainable Energy Authority of Ireland (SEAI), The Economic and Social Research Institute (ESRI), Bord na Mona, Coillte, Teagasc, Environment Agency (UK), Electricity Supply Board (ESB), Bord Iascaigh Mhara. 

Work placement

This programme guarantees a practical focus that is further strengthened through work placements in related companies or research institutes in Ireland or abroad. Placement partners include: Marine Institute, BIM, Tipperary Energy Agency, SEAI, Irish Wind Energy Agency (IWEA), Coillte, Teagasc, ESB, ESRI.

Field Research Day

The seagoing training for the programme is held in Cork, Ireland each year on board the RV Celtic Voyager. This training provide students with invaluable skills for future employment, as it involves students responding to a virtual company request to conduct a cost benefit analysis for a new environmental project.

This training is a collaboration between the Strategic Marine Alliance for Research and Training and the Social and Economic Marine Research Unit (SEMRU) at NUIG. This is a unique opportunity for students to experience the multidisciplinary scientific research methods used to survey the marine environment through the core disciplines of oceanography, fisheries biology, benthic ecology and geosciences.

Who’s Suited to This Course

Learning Outcomes

 

Work Placement

Study Abroad

Related Student Organisations

Course Fees

Fees: EU

€6,200 p.a. 2018/19

Fees: Tuition

€5,976 p.a. 2018/19

Fees: Student levy

€224 p.a. 2018/19

Fees: Non EU

€14,250 p.a. 2018/19

What Our Graduates Say

Ed

Ed Knapp |   PHD RESEARCHER AT NUI GALWAY

I truly enjoyed my year studying Environmental Economics at NUI Galway. I had the opportunity to work closely with instructors from the University and external research centres, gain student teaching experience and work in paid research placements. After completing this programme I was offered a position with a Galway consulting firm, but ultimately chose to begin a PhD fellowship in Galway. Other students in our class have gone on to positions in the Department of Foreign Affairs and the Department of Public Expenditure and Reform. I strongly recommend Galway to prospective students. NUI Galway is a particularly welcoming and valuable experience for international students like myself.
Nalumu

Nalumu Elizabeth Eleiton |   SEMRU

Studying Economics at NUIG is an excellent choice for students with an interest in environmental economics and I highly recommend it for international students.The course was very practical and included a field trip aboard the RV Celtic Voyager aimed at enhancing knowledge and appreciation of marine science that is also incorporated into marine policy formulation.
Noreen

Noreen Brennan |   PhD Researcher at NUI Galway

I found studying Economics to be a thorough, well-organised course which covered a range of issues such as resource sustainability, renewable energy and marine resource economics. The courses were interesting and topical and also provided students with lectures from various industry experts and research field leaders throughout the year. The work placement was a fantastic experience, allowing me to work with the Sustainable Energy Authority of Ireland. This, as well as the course work and research conducted through my dissertation enabled me to pursue a PhD in environmental economics.
Gavin

Gavin Landgraf |   Second Lieutenant - US Marine Corps

In 2015, the US-Ireland Alliance offered me a George J. Mitchell Scholarship to study for a year in Ireland. NUI Galway's program stood out among other postgraduate economics programs because of its particular focus on environmental and natural resource economics. The course is remarkably strong in its quantitative training. In the fall, students complete rigorous modules in econometrics and statistics, learning skills which they are then required to put into practice in the spring. I found it easy to develop strong working relationships with my lecturers, one of whom arranged a summer placement for me at the Economic and Social Research Institute (ESRI) in Dublin. At ESRI, I am working on a project with one of Ireland’s top environmental economists to value two salmon fisheries on the West Coast. My dissertation, which is based on the project, will be presented to a government client and published in an academic journal.
Mohit

Mohit Agrawal |   ‎Ph.D. Candidate in Economics, Yale University

As a Master’s student in Economics, I was impressed by NUI Galway’s students, faculty, and facilities. The program size was small, allowing me to learn from and become friends with my fellow students in a collegial atmosphere. The faculty were fully dedicated to students, easy to talk to, and well-versed in their fields. Meanwhile, the facilities at NUI Galway were top-notch, with great computer labs, libraries, and social spaces. Lastly, I enjoyed living in Galway, with its historic city center and scenic seaside promenade; Galway was a perfect launching pad for trips across Ireland and Europe. During my time in Galway, I gained a unique understanding of economic policy in the context of Ireland and the Eurozone. I strongly encourage international students to consider study at NUI Galway.

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