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Designing environmental policy for a sustainable future

Environmental Economics (Spatial and Applied Economics)

Courses take a primarily microeconomic approach and apply advanced theoretical and econometric methods. This one-year programme offers both deep academic understanding and practical skills, enabling you to address complex challenges at a high level.

At the same time, you will learn how to translate theory and data into clear and actionable policy advice. You will gain skills in valuing natural resources and assessing the costs and benefits of pollution reduction using analytical models, as well as stated and revealed preference methods. The programme offers a unique combination of environmental economics courses and courses in related fields. These include urban economics, since people in cities are most exposed to pollution. They also include transport economics, as the transport sector is one of the main sources of emissions. 

  • In Period 1 (Sep–Oct), you’ll take methods courses in Microeconomics and Econometrics. These courses provide the theoretical and empirical tools needed for advanced analysis in environmental economics. 
  • In Periods 2 and 4 (Nov–March), you’ll take three core courses that address the economic dimensions of environmental issues. Economics of Climate Change focuses on evaluating the costs and benefits of climate action. Environmental and Resource Economics examines the efficient use and management of natural resources and ecosystems. A recommended elective is Economics of Environmental Policy, which explores how economic instruments can help solve environmental problems. 
  • Throughout the year, you can choose electives that align with your interests — for example, in Regional and Urban Economics or Transport Economics
  • The specialisation places strong emphasis on applied work, data analysis, and policy evaluation. 
  • In Periods 5 and 6 (Apr–Jun), you’ll write your master's thesis under personal supervision from a faculty member. This gives you the opportunity to conduct original research on a topic of your choice, often in combination with an internship at an external organization or research institute. 

The start date of this programme is September 1st

VU Master's Event

Saturday 7 March 2026

International Master's webinar

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MSc Spatial and Applied Economics

Discover your ideal Spatial and Applied Economics specialisation

Courses

Compulsory

  • Econometrics (P1) 
  • Microeconomics and Welfare (P1) 
  • Economics of Climate Change (P4) 
  • Policy brief Environmental Economics (P3) 
  • Environmental and Resource Economics (P4) 
  • Thesis (P5-P6) 

Electives

Recommended elective courses 

  • Economics of Environmental Policy (P2) 
  • Urban Economic Challenges and Policies (P4) 

Other elective courses 

  • Economics of Climate Change (P2)
  • Economics of Public Health (P2)
  • Geographical Information Systems (P2)
  • Economic Policy and Regulation (P2)
  • Regional and Urban Economics (P2)
  • Transport Economics (P2)
  • Airline Economics and Management (P4)
  • Public Finance and Social Insurance (P4)
  • Environmental and Resource Economics (P2)
  • Healthcare Economics and Management (P4)
  • Housing Economics and Finance (P4)
  • Network Economics and Management (P4)
  • Real Estate Finance and Investment (P4)

Discover Spatial and Applied Economics

The programme addresses highly relevant and closely interrelated policy issues in today’s modern society in the field of regional development, urban problems, transport policies, environmental degradation, real estate economics. As such, it is concerned with many aspects of society in which space, distance and networks play a fundamental role.

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