Your upfront cost: $0
- 12 Jul 2021
QS RANKING 2021
Times Higher Education Ranking 2021
Upon completion of this subject, the student should be able to:
- Reflect upon and demonstrate broad theoretical and working knowledge of the assumptions and limitations of cost-benefit analysis
- Collaboratively work with peers to critically apply economic theory, analyse and evaluate economic issues
- Reflect upon the social and ethical implications of the of social cost-benefit analysis
- Communicate economics in oral and written formats
- To be confirmed, check subject LMS at commencement for more information.
No eligibility requirements
No special requirements
This subject builds on an understanding of microeconomic concepts in order to provide you with an introduction to several widely-applied economic evaluation and impact-assessment methods. Informing decision-makers about how best to allocate scarce resources is a key role for economists in both the private and public sectors. This subject equips you with the knowledge and skills needed to contribute to this process, and provides a comprehensive foundation for advanced study in the area.
The first module of the subject emphasises development of the practical skills required to conduct and critique a simple benefit-cost analysis of a project or program, including the ability to organise and present a benefit-cost analysis report effectively. The second module introduces you to approaches for assessing the impact of particular projects on the economy. The aim is to give you a working knowledge of how multi-sector models are constructed and estimated, and of how predicted impacts should be interpreted. The subject also provides you with the theoretical knowledge required to understand the implications, and limitations, of benefit-cost analysis and impact assessment.
- Presentation (20%)
- Executive Summary (20%)
- Major Assignment (60%)
Current study term: 11 Jul 21 to 17 Oct 21
Check the learning management system (LMS) of your university for textbook details.