Cost-Benefit Analysis

Undergraduate

The techniques and application of cost-benefit analysis to public policy and project evaluation. Topics include the welfare foundations of cost-benefit analysis, investment decision rules, the choice of a social discount rate, risk and uncertainty, shadow pricing of inputs and outputs, public sector pricing and assessment of the value of intangibles such as time, noise and life. Prerequisite(s): ECON 1013/ECON 1023 with a minimum grade of C-.