Environmental and Natural Resource Economics 7.5 credits

About the course

The course covers the basic economic analysis of natural resources and environmental policy instruments. Natural resources are considered in both renewable forms, such as forests, and non-renewable forms, such as oil. Resource use is analysed within a market framework, taking into account deviations arising from negative externalities (e.g. emissions) and uncertainty. The course also addresses the valuation of goods that are not traded in markets, such as environmental quality and biodiversity, and discusses the challenges associated with their economic valuation. In addition, issues related to sustainable development, economic growth, and socio-economic trade-offs over time are examined.

The theoretical framework is applied to a range of environmental policy problems. Some central questions addressed in the course include: (i) how environmental quality can be valued and related to economic growth; (ii) how emissions can be limited in a socio-economically efficient way; (iii) how long-term societal challenges, such as climate change, can be modelled; and (iv) what sustainable growth means from a socio-economic perspective.

Show syllabus

Apply

Autumn 2026
- Environmental and Natural Resource Economics
  
  Second admissions round for EU/EEA citizens
  
  HT26 / Umeå / English / On site
  
  Submit a late application
  
  Show more Show less
  
  Starts
  2 November 2026
  
  Ends
  2 December 2026
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  100%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-2N00A
  
  Eligibility
  
  22,5 credits in economics and Mathematics 3b/3c or Mathematics Further level 1b or 1c or Mathematics C or equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6/level 2.
  
  Selection
  
  Academic credits awarded by application deadline (HPGR 1-165 ECTS)
  
  Application
  Application deadline was 15 April 2026. Please note: This second application round is intended only for EU/EEA/Swiss citizens. Submit a late application at Universityadmissions.se.
  
  Application and tuition fees
  As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
  
  Application fee: SEK 900
  
  Tuition fee, first instalment: SEK 12,075
  
  Total fee: SEK 12,075
  
  Details about tuition, fees and funding
- Environmental and Natural Resource Economics
  
  Offered as a part of a Degree programme
  
  HT26 / Umeå / English / On site
  
  Show more Show less
  
  Starts
  2 November 2026
  
  Ends
  2 December 2026
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  100%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-2N00O
  
  Eligibility
  
  22,5 credits in economics and Mathematics 3b/3c or Mathematics Further level 1b or 1c or Mathematics C or equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6/level 2.
  
  Selection
  
  Guaranteed admission for students at SGIEK, SYCEK, SGSAV, SGPOL, SGEKA.
  
  Application
  Application deadline was 15 April 2026. The application period is closed.
  
  Application and tuition fees
  As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
  
  Application fee: SEK 900
  
  Tuition fee, first instalment: SEK 12,075
  
  Total fee: SEK 12,075
  
  Details about tuition, fees and funding

Apply online via universityadmissions.se
You apply to our programmes and courses via universityadmissions.se – the official website for higher education applications in Sweden. There, you can track your application, check that your documents have been registered, and log in to find our your admission results.
 
Late applications
Admissions to most programmes and courses typically close after the final application deadline. However, some programmes and courses may still accept late applications if seats are available. These are marked “Open for late application” on universityadmissions.se. Please note that late applications are not guaranteed to be reviewed.

More about application and admission

Explore your future at Umeå University

Join a vibrant academic community where high-quality education meets groundbreaking research in science, technology, humanities, and the arts. At Umeå University, you will learn from passionate, expert teachers and benefit from a close connection between research, education, collaboration, and innovation.

World's most satisfied international students

#1 globally in the main categories of Living, Support, and Overall Satisfaction.
A university with health at its core

Umeå University is certified as a Healthy Campus, with many initiatives that promote health and well-being.