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Nov 16, 2024
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ECON 3710 - Cost Benefit Analysis
A systematic treatment of all the concepts underlying benefit cost analysis combined with hands on experience in using cost benefit analysis to evaluate actual public projects.
Requisites: ECON 1030
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes: - Learning how to apply cost benefit analysis in the special cases of developing countries.
- Learning how to use shadow prices from secondary sources to value life, crime,recreation, and pollution.
- Learning to make proper valuations of inputs through opportunity costs and outcomes through properly measuring willingness to pay.
- Learning to use discounting to compare benefits and cost occurring during different time periods.
- Learning to use spreadsheets in calculating a cost benefit analysis.
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