This course is designed for attendees to acquire knowledge and skills in quantitative methods of economic analysis to support decision making in natural resources and environmental management.

At a glance

Course structure

Five day short course combining key theoretical concepts on econometrics. Hands on practical case studies based on environmental applications will be used to illustrate the theoretical concepts.

What you will learn

On completion of this short course attendees will be able to:

  • Demonstrate a systematic understanding of and apply the methods of data management for econometric analysis
  • Critically evaluate the contribution and suitability of econometric methods for natural resource and environmental management, including the advantages and limitations of alternative methods
  • Use major types of econometric techniques to support decision making in natural resource and environmental management, using appropriate software.

Core content

  • Introduction to quantitative methods for economic analysis applied to natural resource and environmental management: describing, explaining and predicting
  • Data management procedures
  • Modelling and testing relationships: parametric and non parametric methods, regression analysis and multivariate techniques
  • Spatial interpretation of results using Geographical Information Systems
  • Implementation of the learned theory to real cases studies on travel cost and hedonic pricing.


Day one
09:00-10:00     Introduction to Econometrics
10:15-12:30     The travel cost method
14:00-17:30     Practical case study- the travel cost method

Day two
09:00-12:30     Introduction to ArcGIS
14:00-17:30     The hedonic pricing method

Day three
09:00-12:30     Practical case study- the hedonic pricing
14:00-17:30     Private study

Day four
09:00-12:30     Practical case study- the hedonic pricing
14:00-17:30     Practical case study- the hedonic pricing
Day five
09:00-12:30     Individual presentations
14:00-17:30     Introduction to time series analysis.

Who should attend

Anyone involved in environmental valuation, economic analysis and decision making in natural resources and environmental management. The course is specially targeted to governmental organisations, researchers and environmental consultants that could benefit from the use of econometrics/statistics within their role.


(20% discount for Cranfield alumni, 10% discount for colleagues of alumni)
£1,340 - Professional/trade association discount
£1,280 - Multiple bookings*
* Minimum of 5 delegates.

Accommodation options and prices

This is a non-residential course. If you would like to book accommodation on campus, please contact Mitchell Hall or Cranfield Management Development Centre directly. Further information regarding our accommodation on campus can be found here.

Alternatively you may wish to make your own arrangements at a nearby hotel.

Location and travel

Cranfield University is situated in Bedfordshire close to the border with Buckinghamshire. The University is located almost midway between the towns of Bedford and Milton Keynes and is conveniently situated between junctions 13 and 14 of the M1.

London Luton, Stansted and Heathrow airports are 30, 90 and 90 minutes respectively by car, offering superb connections to and from just about anywhere in the world.

For further location and travel details

Location address

Cranfield University
College Road 
MK43 0AL

Read our Professional development (CPD) booking conditions.