units

ECC4790

Faculty of Business and Economics

18 September 2017 22 November 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate, Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Paulo Santos

Offered

Clayton

  • Second semester 2016 (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.

Outcomes

The learning goals associated with this unit are to:

  1. 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
  2. appreciate the welfare economic foundations upon which economic evaluation is based
  3. 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%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Dr Paulo Santos

Prerequisites

ECC4650 or equivalent

Prohibitions

ECC5479, ECX5479