Enrolments for 2021 have closed.
Evaluating Alternatives
Undergraduate | TAS-BEA206 | 2021
Course information for 2021 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- No ATAR needed,
- No prior study
- Duration
- 14 weeks
HECS-HELP and FEE-HELP available
Evaluating Alternatives
About this subject
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.
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
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