ECC4790

Cost-benefit analysis

(BUS)

Professor Peter Forsyth

7 points + Two 1.5 hour lectures per week + Second semester + Clayton + Prerequisite: ECC4650 or equivalent

Synopsis: Topics include development and application of microeconomic theory for the economic evaluation of (public) sector investment projects and policies; investment analysis and criteria, discounting techniques; Pareto potential improvement criterion, shadow pricing, social discount rates, distribution issues, secondary benefits, risk and uncertainty, cost-effectiveness.

Assessment: Written (3000-word essay): 40% + Examination (3 hours): 60%