Université Toulouse 1 Capitole Law Economics Management

Academic programs

Master’s degree (M2) in Economics, Major: Environment and natural resources economics (ERNA)

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Program delivering a degree
Year of highschool graduation
Bac + 5
Length of studies
1 year
Accessible as
Initial Training


Environmental issues such as pollution, climate change and the conservation of biodiversity are currently in the headlines of economic debate. Governments design public policies such as taxes or emission trading schemes to mitigate the negative impacts of air or water pollution. Firms launch green business strategies such as investments in cleaner technologies, product labelling or socially responsible investments to improve their competiveness.
The "Energy and Environmental Policy Path" of the master is providing students with the analytical skills to assess, analyse and recommend economic policies and strategies to tackle environmental issues and manage natural resources.


The "Economics and Ecology Path" of the master is also providing students with tools to understand how biodiversity and ecosystems are modeled and measured, how one can measure the ecological and the economic value of biodiversity and ecosystems, and how economic policy can be used to influence human behavior and its consequences on biodiversity and ecosystems.
The program emphasizes teamwork and hands-on experience with real-world case studies and datasets.


See the rules and procedures for examinations published at the beginning of the academic year

Prerequisites for enrolment
Bac + 4

Admission conditions

  • Admission is based on academic excellence criteria. An undergraduate degree of at least 4 years of college or a Master’s degree is required, within a recognized curriculum considered as consistent with the program and approved by the TSE selection committee. Some brushing-up in Economics or Maths might be advisable in some cases.
  • Working knowledge of English is obviously required.
  • For more details about application process, click here


For students graduated in France
For holders of a foreign diploma

General organization of studies

Students can choose to apply to one of the following paths:
  • Energy or Environmental Policy (choice between Energy or Environmental Policy should be made at the beginning of the 1st semester)
  • Ecology and Economics (in partnership with University Paul Sabatier)

Energy or Environmental Policy

  • Semestre 1 :
- Environmental Economics
- Cost Benefit Analysis
- Environmental Valuation
- Natural Resource Economics

  • Semestre 2

Four courses among :

- Empirical Environmental Economics
- Environmental Policies
- Energy Economics and Climate Change
- Industrial Organization and the Food Industry
- The Econometrics of Program Evaluation
- Micro-Finance, Land and Labor
- Topics in Applied Econometrics and Development
- Topics in dynamics, land use and conservation
- Topics in Environmental Economics
- The Economics of Energy Markets and Networks
- Empirical Methods in Development Economics

internship or dissertation

Ecology and Economics

The economics courses will be taught by faculty at Toulouse School of Economics (TSE)
The ecology courses will be taught by faculty at Station d'Écologie Théorique Expérimentale du CNRS à Moulis (SETE) and at Laboratoire Évolution & Diversité Biologique (EDB) at Université Toulouse 3 Paul Sabatier.

  • Semestre 1 :
- Economics and the environment
- Biodiversity and ecosystems
- Ecological Diagnosis
- Population demography and evolutionary ecology
- Cost Benefit Analysis

  • Semestre 2 :
- Environmental policies
- Empirical environmental economics
- Topics in economics and Ecology
- Topics in dynamics, land use and conservation


Download the bochure's skills (Energy or Environmental Policy path) acquired at the end of the master.

What next?

Further studies


Career Opportunities
  • Students in the Energy or Environmental Policy path will target jobs in natural resources management and sustainable development (large businesses, public institutions and local communities) or within international institutions or will pursue an academic career. This programme is mainly led by researchers, experts in environmental and natural resource economics within TSE.

  • Students in the Economics & Ecology path this Master will be put in an excellent position to work in any public or private organization that seeks to evaluate both the ecological and the economic consequences of human activities on biodiversity and ecosystems. Examples of such organizations include large companies, governmental bodies (both at the national and at the local level), NGOs, and supranational organizations.

Contact the admission office

Admission :TSE recruitment
Energy or Environmental Policy path - Director: Henrik Andersson Office hours: Mondays, 8:30 – 10:00, MS210 (Only after prior appointment by email.)
Ecology and Economics path - Directors:  Ingela Alger (Economics) / Emmanuelle Cam (Ecology)

Date of update October 6, 2017

Internships :

Mandatory internship

Internship or master‘s degree dissertation

Read more

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Toulouse 1 Capitole (UT1) is a teaching and research centre of international excellence for law, economics and management. We are proud to have Jean Tirole, the 2014 Nobel Prize in Economy among our lecturer-researchers. In 2012, it was awarded the "Jean-Monnet Centre of Excellence" label by the European Commission.

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