Cost-Benefit Analysis

3 credits

Theory and practice of cost-benefit analysis. Welfare economics foundations and methods for evaluating public projects and policies in public decision-making, including shadow pricing, social discounting, and sensitivity analysis. Applications include natural resources, public services, and transportation. [3-0-0] Prerequisite: (a) ECON_O 101 and one of ECON_O 225, STAT_O 203, STAT_O 230, or (b) ENGR_O 305.