COST-BENEFIT ANALYSIS

ECO3CBA

Not currently offered

Credit points: 15

Subject outline

In this subject the approaches and techniques for evaluating the introduction of projects and policy change are studied. Evaluation is considered in terms of both financial analysis and social cost benefit analysis. The relevant economic theory spans applied welfare economics, and partial and general equilibrium analysis. Particular topics covered include: the rate of discount; distributional consequences of projects; risk and uncertainty; valuing non-marketed goods; the value of life and health; and the value of travel time. The way in which spreadsheets can be used for calculation, analysis and presentation of project appraisals is explained. Practical experience is obtained through exercises and computer laboratory sessions.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO2MIT or ECO2MEC or ECO2CFC

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsCost-benefit analysis: concepts and practicePrescribedBoardman, A. E., et al.3RD EDN. PRENTICE HALL, UPPER SADDLE RIVER, NJ 2006

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