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AP/ECON 3810

The Economics of Project Appraisal and Feasibility

3.0 credits

Fall 2026

Topics

  • Project feasibility and demand forecasting
  • Costs, revenues and cash-flow estimation
  • Net present value, internal rate of return and benefit–cost ratios
  • Private profitability versus social welfare
  • Shadow prices and opportunity costs
  • Risk, uncertainty and sensitivity analysis

Readings

  • Main text: E. J. Mishan and Euston Quah, Cost-Benefit Analysis (Routledge); edition not specified.
Sources