The aim of this thesis is the experimental and theoretical study, following the good metrological practices, of a method based on a spherical heat source in order to measure thermal conductivity of liquids, focusing on aqueous solutions of ethanol, with later determination of the water content of the substance. The study and the development of measuring methods of thermal conductivity are essentials in several engineering applications, since as a consequence of the current justified demands on saving and rational use of thermal energy, the heat transfer with the maximum efficient as possible is of great relevance. The measurement of the water content is also a relevant parameter in several research areas and industrial sectors, since the quantity of water in the substances influences several biological, chemical and physical processes. However, the amount of equipment available on the market for the measurement of both quantities is not vast. The heated sphere method, in principle, is an absolute one for the measurement of the thermal conductivity, which means that the sensor may furnish a result without a calibration. Nevertheless, some parameters of the model need to be analyzed separately or obtained by means of calibration. Although there are some studies on this method, few of them have liquids as the main focus. Moreover, these studies do not correlate the thermal conductivity of the material with its water content, and they do not perform a more careful metrological analysis in order to determine the measurement uncertainties. The applicability of the method to measure the thermal conductivity and the water content of the analyzed substances proved to be satisfactory, because the obtained results of this study presented a very good agreement with the values proposed by several researches and with the measurements performed at Inmetro by other methods.