Key facts

Course Dates
Short Course - Five Days.
Entry Requirements
There are no special entry requirements for this course.
IFST Membership
Your course enrolment also entitles you to one year of free membership to the IFST (Institute of Food, Science and Technology).
Course Provider
Cranfield University
Course Arrangements
Full joining instructions will be confirmed by the course provider.
Course Location
Cranfield University
Mixed Cohort

Course overview

Natural Resource Economics focuses on the economic models that are used to analyse current resource management challenges, distinguishing between renewable and non-renewable resources. The course also covers management of major types of natural resources over the short, medium and long term.

Learning outcomes

By the end of this course participants will be able to:

  • 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.


Additional Course Information

Areas covered on this course will include:

  • 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.
  • Modelling for optimisation: linear programming.
    My AFTP training course has given me greater confidence day-to-day and more insight into the impact of new techniques and technologies.
    Andy Russell - Fresh Produce Technologist, Bakkavor

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