ECC4790

Cost-benefit analysis ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Professor Peter Forsyth

Offered:
Clayton First semester 2005 (Day)

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%

Contact Hours: Three contact hours per week

Prerequisites: ECC4650 or equivalent