User Rating: 0 / 5
1. COURSE OBJECTIVES
The goals of this course include learning the fundamentals of cost-benefit analysis; using CBA to evaluate policy, project; and developing an understanding of CBA’s strengths and limitations
People make decisions everyday that involve both costs and benefits. Cost - Benefit Analysis (CBA) examines the rationale for government provision of goods and services and presents cost-benefit analysis as a method to evaluate public participation in a market. Policy decisions inevitably require difficult trade-offs. If we devote more resources for one purpose, we will not be able to use those resources for other purposes, including investment in other programs that address similar goals. Cost - Benefit Analysis explicitly recognizes these trade-offs, considering whether those affected will benefit enough to warrant the costs of a policy. Such analysis is required to support policy decisions around the world. This course covers the basic components of benefit-cost analysis including estimating impacts, valuing outcomes using market prices, valuing outcomes that are not as easily measured in monetary terms (such as environmental quality, health, and longevity), and addressing uncertainty. Along with other courses, this course supplies students’ knowledge and skills to make the most effective decision for the economy. This is especially useful for those who will work for the government such as ministries, government offices or organizations.
2. COURSE CONTENTS
No.
Contents
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
(3)
Self-study with teacher’s tutorials
(4)
Lecture
(1)
Practice, Seminar…
(2)
1
Chapter 1: Introduction to Cost Benefit analysis
Chapter 2: Conceptual Foundations of Cost Benefit Analysis
3
0
1.5
5,5
3,4,5,6
2.
Chapter 3: Economic Foundation of Cost Benefit Analysis
3
0
1.5
5,5
3,4,5,6
3
Chapter 4: Valuing Benefits and Costs in Primary Markets
Chapter 5: Valuing Benefits and Costs in Secondary Markets
3
0
1.5
5,5
3,4,5,6
4.
Chapter 6: Discounting Benefits and Costs in Future Time periods
Chapter 7: Dealing with Uncertainty: Expected values, Sensitivity Analysis and the value of Information
3
0
1.5
5,5
3,4,5,6
5
Chapter 8: Option price and option value
Chapter 9: Existence value
3
0
1.5
5,5
3,4,5,6
6
Chapter 10: The social discount rate
Chapter 11: Predicting and Monetizing Impacts
3
0
1.5
5,5
3,4,5,6,7
7
Midterm exam
3
0
1.5
5,5
3,4,5,6,7
8
Chapter 12: Valuing impacts from observed Behavior: Experiments and Quasi experiments
3
0
1.5
5,5
3,4,5,6,7
9
Chapter 13: Valuing impacts from observed behavior: Direct estimation of Demand curve
3
0
1.5
5,5
3,4,5,6,7
10
Chapter 14: Valuing impacts from observed behavior: Indirect market methods
3
0
1.5
5,5
3,4,5,6,7
11
Chapter 15: Contingent Valuation: Using Surveys to Elicit Information about Costs and Benefits
3
0
1.5
5,5
3,4,5,6,7
12
Chapter 16: Shadow prices from secondary sources.
Chapter 17: Shadow prices: Applications to Developing Countries.
3
0
1.5
5,5
1,2
13
Chapter 18: Cost Effectiveness Analysis
3
0
1.5
5,5
1,2
14
Chapter 19: Distributionally Weighted Cost and Benefit analysis
3
0
1.5
5,5
1,2
15
Chapter 20: How accurate is CBA
3
0
1.5
5,5
3,4,5,6,7
Total
45
0
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
The number of attendances and participation in lesson
1,2,3,4
100%
Report
Group or individual assignment
5,6,7,8
30%
Summative
Final test
MCQ + writing (60 mins)
1, 4,5,7
60%
Total:
100%