Skip to main content
Unit of study_

Benefit-Cost Analysis - AREC2004

Year - 2018

Foundational concepts in welfare economics, such as economic efficiency, criteria for assessing social welfare improvements, and economic surplus measures, are analysed in detail and applied to project evaluation and policy assessment. Procedures of conducting a benefit-cost analysis are presented, and tools of non-market valuation for public goods and 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.

Classes
1x2hr lecture/week, 1x1hr tutorial/week

Assessment
1x200wd benefit-cost presentation (5%), 1x1000wd group work essay (20%), 1x1000wd report (25%), 1x2hr final exam (50%)

Pre-requisites

ECON1001 or AGEC1006 or AGEC1102

Details

Faculty: Arts and Social Sciences

Semester 2

30 Jul 2018

Department/School: Economics
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 31 Aug 2018
Unit of study level: Intermediate
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: Yes
Faculty/department permission required? No
Location
Camperdown
Courses that offer this unit

Non-award/non-degree study If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student. Cross-institutional study If you are from another Australian tertiary institution you may be permitted to undertake cross-institutional study in one or more units of study at the University of Sydney.

To help you understand common terms that we use at the University, we offer an online glossary.