Cost-Benefit Analysis

Undergraduate

The techniques and application of cost-benefit analysis to public sector policies and projects. Topics include the welfare foundations or 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 the assessment of the value of intangibles such as time, life and noise. (Prerequisite: ECON-2210, or the combination of ECON-1100 and one of MATH-1720 or MATH-1760.)