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The Division of Economics & Business offers graduate programs leading to distinctive M.S. and Ph.D. degrees in Mineral Economics. The Division's graduate program focuses on (1) the economic and business challenges of developing and managing energy and mineral resources; (2) the environmental and public policy issues associated with energy and mineral resources; and (3) the finance, management science and decision-making technologies that apply to a broad set of industry environments. The specific objectives of the program relate to both economic and business issues in a highly technical world and are intended to encourage and develop the following: A keen understanding of the economic and public policy forces driving changes in the energy and mineral industries and markets, both domestically and internationally. Integrated managerial prospective - the ability to anticipate, assess and respond to opportunities and problems from the standpoint of the organization as a whole and to create strategic and tactically integrated plans to achieve corporate goals. Command of quantitative tools and methodologies that assist in the analysis and implementation of public business policy. Competence in key functional areas of business with a particular emphasis on quantitative business methods including economics, finance, management science and operations research. Course work and research emphasize the application of economic principles and business methods related to minerals, energy, and related environmental and technological issues. Specializations Students in the Mineral Economics Program select from one of two areas of degree specializations: Economics and Public Policy (E&PP) or Quantitative Business Methods/Operations Research (QBM/OR). The E&PP specialization focuses on the optimal use of scarce energy and mineral resources with a global perspective. It provides institutional knowledge coupled with economics, mathematical and statistical tools to analyze and understand how the world of energy and minerals works in order to guide and shape industry change. Intended for those aiming at public careers, the courses develop both strong quantitative and critical thinking skills, while emphasizing high ethical standards and sensitivity to other cultures. E&PP will interest students who want to pursue careers with national, regional, or international government entities; non-profit organizations; the media, consulting, research, planning and forecasting firms; international corporations; and other think tanks or government agencies devoted to the public interest. The QBM/OR specialization emphasizes the application of quantitative business methods as they apply to risk and financial management, project evaluation, and decision making. This specialization also focuses on the use of operations research techniques for optimization and managerial decision-making in a variety of business environments. Students are engaged in strategic thinking, leadership development and decision making. Courses are designed to sharpen analytical techniques and gain a better understanding of business functional areas and their relationships. Graduates in the QBM/OR are uniquely qualified to become managers in a manufacturing or processing business environment. Who is eligible? Colorado School of Mines in general, and the Mineral Economics program in particular, is know worldwide for the quality of its students. The program has attracted students from more than 25 countries. Students admitted to the program are chosen for their strong intellect, integrity, work ethic, and quantitative skills as demonstrated by their course work, GPA, and scores on either the GRE or the GMAT. In addition, students must demonstrate a strong interest in energy, minerals, public policy, and/or related environmental and technological issues. These interests will be reflected in the letter of interest and previous involvement in these areas. The Division is also looking for strong leadership potential as shown by previous academic, personal, and employment successes. All students must have completed Calculus (MACS 111 or equivalent), Introductory Probability and Statistics (MACS 323 or equivalent), Principles of Microeconomics (EBGN311 or equivalent) prior to entering the program. The Western Interstate Commission for Higher Education (WICHE) allows students who are residents of 14 surrounding western states to enroll on a resident tuition basis. The Mineral Economics program is an approved WICHE program. For additional information on WICHE see http://www.wiche.edu/. Information Center Program
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