Mineral economics is the study of the business and economic aspects of natural resource extraction and use. Mineral economics involves studying topics in economic and financial analysis that are developed to meet the special needs of the natural resource industries. All participants in the industry use mineral economics including national and local governments, corporations, banks and financial companies, and consulting firms.

The Master of Science in Mineral Economics degree is designed for individuals with undergraduate backgrounds in engineering and science, but business/economics majors who are interested in specializing in natural resource industries are also welcomed. The flexible degree program allows students to tailor the program to fit their individual needs while learning basic core material in economic analysis, project evaluation, and statistical analysis.