Undergraduate, Postgraduate - UnitECC4790 - Project evaluation

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton First semester 2013 (Day)
Coordinator(s)	Professor Peter Forsyth

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.

Outcomes

The learning goals associated with this unit are to:

apply the analytical framework, economic principles and techniques required for the economic evaluation of investment projects, policies and regulations, especially those involving the public sector
appreciate the welfare economic foundations upon which economic evaluation is based
design studies to estimate benefits and costs, in the presence of market distortions (eg controls, taxes and externalities), and for non-marketed goods (for example, time, noise, safety).

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Professor Peter Forsyth

Contact hours

3 hours per week

Prerequisites

ECC4650 or equivalent

Prohibitions

ECX5479