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Benefit-Cost Analysis

RSEC4131

This unit provides a detailed treatment of benefit-cost analysis and its use in public sector decision making and project evaluation. The underpinning concepts in welfare economics are analysed in detail, such as economic efficiency, criteria for assessing social welfare improvements, and economic surplus measures. Procedures of undertaking a benefit-cost analysis are presented, and tools of non-market valuation for environmental assets are covered in detail. These techniques include both stated and revealed preference techniques, including contingent valuation, choice modeling, hedonic pricing and travel cost methods.

Unit of study details

Unit of study level: Honours

Credit points: 6

Commencing semesters: 1

Further unit of study information

Unit of study handbook: RSEC4131

Costs and scholarships information: Costs and Scholarships

Final dates to withdraw from units of study: Census Dates

Available for study abroad and exchange: Yes

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