This course uses economic theory to explore the relationship between the stocks of natural capital and the flows of services that emanate from them.

Economic models are used to analyse current resource management challenges, distinguishing between renewable and nonrenewable resources. The course is delivered mainly through case studies focusing on major types of natural resources, and integrates strongly with those dealing in welfare economics and policy.

At a glance

  • Duration5 days
  • LocationCranfield campus
  • Cost£1,400

What you will learn

On successful completion of this course you will:
  • Demonstrate a conceptual understanding of stocks and flows applied to natural resources and related ecosystems and the role of economic theory in resource allocation decisions
  • Demonstrate a systematic understanding of and apply methods of economic analysis to support practical decision making for the management of natural resources, consistent with the concept of sustainable development.

Core content

  • Introduction: sustainable development, natural capital and ecosystems services
  • Theoretical frameworks for economically optimal use of non-renewable and renewable resources
  • Theory into practice: Economic dimensions of the management of natural resources: land and soils, energy, minerals, water, biodiversity, marine fisheries, forestry
  • Implications for natural resource and environmental policy.

Who should attend

Those wishing to take an introductory course in the theory and application of natural resource economics should apply. More specifically, those who need to make decisions over natural resources and the environment, that are informed by economic theory, will find this course useful. This for example could include researchers, consultants, and employees in non-government organisations, working in a UK, European, or global context.


Dr Anil Graves

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.

Location address

Cranfield University
College Road
MK43 0AL

Read our Professional development (CPD) booking conditions.