Natural Resource Economist Job Description [Updated for 2025]

In the era of sustainability, the role of natural resource economists has become increasingly critical.

As environmental concerns mount, the demand for skilled professionals who can analyze, manage, and protect our natural resources grows stronger.

But what does a natural resource economist do exactly?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager defining the perfect candidate,
• Or simply curious about the intricacies of natural resource economics,

You’ve come to the right place.

Today, we present a tailor-made natural resource economist job description template, designed for easy posting on job boards or career sites.

Let’s dive into the details.

Natural Resource Economist Duties and Responsibilities

Natural Resource Economists study, analyze, and interpret the relationship between the economy and the exploitation of natural resources such as land, minerals, and water.

They also work on policy formulation and provide advice on economic policies related to environmental and natural resources.

Their duties and responsibilities include:

• Conducting research and collecting data on the supply and demand of natural resources.
• Performing economic analysis related to environmental protection and use of natural resources.
• Developing models to predict the economic impact of environmental policies and regulations.
• Providing economic advice to governments, companies, and other organizations on natural resource management.
• Assessing the economic value of natural resources for conservation and sustainable use.
• Evaluating the costs and benefits of alternative policies or plans related to natural resources.
• Writing reports and presenting findings on research and analysis.
• Collaborating with scientists, policymakers, and industry professionals to develop strategies for natural resource management.

 

Natural Resource Economist Job Description Template

Job Brief

We are seeking a knowledgeable Natural Resource Economist to join our team.

The successful candidate will analyze economic data and trends related to the use of natural resources, such as land, water, and minerals, and recommend strategies for sustainable management.

The candidate must be skilled in econometric modeling, statistical analysis, and forecasting.

They should be capable of translating complex economic concepts and procedures into understandable terms for a wide range of audiences.

 

Responsibilities

• Conduct economic analysis on natural resource usage, policy, and sustainability.
• Create and implement econometric models to forecast trends and assess the impact of policies.
• Provide detailed reports on research findings and present data in an understandable manner.
• Advise policymakers and stakeholders on economic aspects of natural resource management.
• Collaborate with other professionals to evaluate the economic impact of environmental changes and policies.
• Contribute to the development of sustainable resource management strategies.
• Stay current on economic trends and developments in natural resource management.

 

Qualifications

• Advanced degree in Economics, Environmental Economics, Natural Resource Management or related field.
• Proven experience as an economist, preferably in a related field.
• Strong knowledge of economic theories and principles as they apply to natural resources.
• Proficiency in statistical analysis software and econometric modeling.
• Excellent analytical, problem-solving, and decision-making skills.
• Superior written and verbal communication skills.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Opportunities for ongoing learning and career development

 

Additional Information

• Job Title: Natural Resource Economist
• Work Environment: Office setting with occasional field visits. Some travel may be required for research and conferences.
• Reporting Structure: Reports to the Director of Economic Research.
• Salary: Salary is determined based on candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $75,000 minimum to $120,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume, a cover letter outlining your qualifications and experience, and any relevant publications or research papers to [email address or application portal].

 

What Does a Natural Resource Economist Do?

Natural Resource Economists are specialized professionals who work in the field of environmental economics.

They study the supply, demand, and distribution of the Earth’s natural resources.

Their primary role involves analyzing and interpreting data related to environmental policies, the utilization of natural resources, and the economic impact of various environmental changes.

They use economic theories and models to understand how we can manage and conserve resources better.

They evaluate the social and economic impacts of natural resource extraction and use, assess the costs and benefits of environmental policies, and advise policy makers, organizations, and businesses on sustainable resource use.

Natural Resource Economists often collaborate with other professionals such as environmental scientists and policy makers to develop strategies that balance the needs of the economy with the sustainability of the environment.

They also conduct research to understand the implications of factors such as climate change, population growth, and technological advancements on the economy’s demand for natural resources.

Their role is crucial in helping society make informed decisions about managing and preserving our natural resources for future generations.

 

Natural Resource Economist Qualifications and Skills

A proficient Natural Resource Economist should possess skills and qualifications that are aligned with the job role, such as:

• Strong understanding of economic theories and principles as they relate to natural resources
• Knowledge of environmental laws and regulations, as well as the ability to interpret and apply them in various scenarios
• Excellent data analysis skills, including the ability to use statistical software and interpret complex data sets
• Strong research abilities to gather information, analyze findings, and develop recommendations based on empirical data
• Effective written and verbal communication skills to present findings, explain complex concepts in simple terms and collaborate with interdisciplinary teams
• Problem-solving and critical thinking skills to evaluate the economic impact of natural resource policies and practices
• Ability to formulate economic models to predict the impact of policy changes on natural resources
• Understanding of sustainable development principles and the ability to incorporate them into economic analysis

 

Natural Resource Economist Experience Requirements

Entry-level Natural Resource Economists may have 1 to 2 years of experience, often gained through internships or research assistance roles in environmental economics, agricultural economics, or resource management.

They may also gain valuable experience through volunteer work related to environmental conservation or sustainable development.

Candidates with 2 to 3 years of experience often further their understanding of policy analysis, resource valuation, and economic modeling.

Experience in these areas could be developed through roles such as Environmental Analyst, Policy Advisor, or Research Associate in organizations involved in environmental or resource management.

Those with more than 4 years of experience are typically expected to possess advanced skills and knowledge in the field of natural resource economics.

They may have participated in the design and implementation of resource management policies or conducted extensive research on environmental economics.

Individuals with over 5 years of experience often have leadership or project management experience, having led teams or projects related to economic analysis of environmental policies, resource valuation, or sustainable development.

At this stage, they may be ready for senior or managerial positions in government agencies, research institutions, or environmental consultancy firms.

 

Natural Resource Economist Education and Training Requirements

Natural Resource Economists generally require a bachelor’s degree in environmental economics, environmental science, economics, or a related field.

These programs provide a solid foundation in economic theories and principles, as well as specialized knowledge about natural resources, environmental policy, and sustainability.

A strong background in mathematics, data analysis and statistical tools is essential for this role.

Familiarity with software such as SPSS, R, or STATA could be beneficial.

Many roles, particularly those with greater responsibilities or in specialized research, may require a master’s degree or Ph.D. in natural resource economics or a closely related field.

These advanced degrees often involve more in-depth study of economic modeling, resource valuation, econometrics, and policy analysis.

Some professionals also choose to gain certification from bodies such as the National Association of Business Economists or the International Association for Energy Economics, to further enhance their credentials and demonstrate their commitment to the field.

In addition to formal education and training, aspiring Natural Resource Economists should develop strong analytical, problem-solving and communication skills, as they often need to present complex economic data and concepts in a clear and understandable manner.

Continuous professional development and staying updated with the latest economic theories, environmental policies, and data analysis techniques are vital for career advancement in this field.

 

Natural Resource Economist Salary Expectations

A Natural Resource Economist earns an average salary of $92,580 (USD) per year.

The actual earnings can differ significantly based on years of experience, specific skill set, the organization they work for, and their geographical location.

 

Natural Resource Economist Job Description FAQs

What skills does a Natural Resource Economist need?

Natural Resource Economists need to have strong analytical and quantitative skills to assess complex data and predict trends.

They should have a firm grasp of economic theory, particularly as it relates to environmental and natural resource issues.

They should also have strong communication skills to present findings and explain complex concepts to non-economists.

 

Do Natural Resource Economists need a degree?

Yes, a Master’s degree or Ph.D. in economics, environmental economics, or a related field is typically required.

However, some entry-level positions may accept a bachelor’s degree.

The study should include coursework in economics, calculus, statistics, natural resource management, and environmental policy.

 

What should you look for in a Natural Resource Economist resume?

On a Natural Resource Economist’s resume, you should look for a strong educational background in economics or a related field.

Look for experience in analyzing economic data and making forecasts, ideally in the context of environmental or natural resource issues.

Familiarity with economic modeling software and statistical analysis tools is also a major plus.

 

What qualities make a good Natural Resource Economist?

A good Natural Resource Economist is detail-oriented, with the ability to analyze and interpret complex economic data.

They should be proficient in statistical analysis and economic modeling.

They should also have a strong interest in environmental issues and be able to apply their economic knowledge to these issues in innovative ways.

 

Is it difficult to hire a Natural Resource Economist?

Hiring a Natural Resource Economist can be challenging due to the specialized nature of the field.

It requires candidates with a strong background in economics, as well as a deep understanding of environmental and natural resource issues.

However, with the right recruitment strategy and competitive compensation, it is possible to attract highly qualified candidates for this role.

 

Conclusion

And there we have it.

Today, we’ve delved into the fascinating world of being a natural resource economist.

Surprised?

It’s not just about crunching numbers and forecasts.

It’s about strategically managing our planet’s precious resources for sustainable economic growth.

With our comprehensive natural resource economist job description template and real-world examples, you’re ready to make your move.

But why not delve even deeper?

Explore further with our job description generator. It’s your resource for crafting pinpoint accurate job listings or refining your resume to showcase your expertise.

Remember:

Every decision you make as a natural resource economist contributes to the bigger picture.

Let’s shape the future of resource economics. Together.

How to Become a Natural Resource Economist (Complete Guide)

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