LMD academic program

Master in Environmental and Natural Resources Economics (ERNA)

Master in Environmental and Natural Resources Economics (ERNA)

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Mandatory internship

Internship or master‘s degree dissertation



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.

In the 1st year, Students attend a rigorous academic program in the different economic disciplines and quantitative techniques for social sciences. The common core courses allow them to deepen their knowledge and the elective courses allow students to build up their careers projects, taking into account the specializations in the second year of the master’s programs.

In the 2nd year, 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. 

Note that students can apply to either the full program (i.e. in two years) or directly to the 2nd year (refer to the Admission section)
TSE offers an other master in Environmental economics: Master in Economics and Ecology




Person in charge of the academic program


Toulouse School of Economics
1 Esplanade de l'Université
31080 Toulouse Cedex 6 France
Téléphone : +33 (0)5 61 12 85 04
E-mail : scoltsem2@ut-capitole.fr

Contact Admissions :
Téléphone : +33 (0)5 67 73 27 87
E-mail : tse-admissions@ut-capitole.fr
Site : tse-fr.eu



Prerequisites for enrolment

Bac + 4


Conditions of admission / Conditions of successful application

First year admission: 

  • Aimed at English speakers
  • Students should hold a BSc in Economics, Applied Mathematics within a recognized curriculum considered as consistent with the program and approved by the TSE selection committee.

Second year admission:

  • Admission is based on academic excellence criteria.
  • Applicants from the French system must have passed the TSE International track Master 1 (1st year Master’s) in Applied Economics (or Economics for 2021 transitory admission campaign) or another French University master in Applied Mathematics or an equivalent degree (e.g., engineering school,…). 
  • For foreign degree holders, the required degrees are either a BSc, M.A., or MSc, within a recognized curriculum regarded 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.




Semester 1


2 electives:

Optional courses
Semester 2


4 electives among:

Compulsory International internship or dissertation                                                                                                                   
Semester 3 


Choice among 2:

  • Infrastructure and Development
  • Causal Inference with observational data


Semester 4 


3 courses among 8:

  • Internship or dissertation

* Students who followed the course " Professional Development" in M1 in 2020-2021 will be exempted.
** Upgrade course in Mathematics, open to students in M1 and M2 of TSE.
*** Option choice must be approved by the ETE and ERNA Directors
**** 5 students of the EMO Master are authorized to take the Energy Economics course
*****5 students of the ERNA Master are authorized to take the IO of the Food Industry course



Internship or master‘s degree dissertation

What's next ?

Level of education obtained after completion

Year of highschool graduation

Unknown label

Further studies


Job opening

Business sector or job

  • Students in the Energy or Environmental Policy 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.


Conditions of submission

To apply to this master, select on eCandidatures platform:

  • First year: M1 Applied Economics International track
  • Second year: M2 Economics - ERNA – Environmental Policy and Energy Economics path International track

For more details about enrollment and application process, we invite you to visit the Admission section.