ECO360 Economic Evaluation (8)
CSU Discipline Area: Economics and Finance (ECFIN)
Duration: One session
Abstract:
Economic Evaluation comprises the techniques by which projects and programs are assessed for their economic desirability. The subject introduces students to these techniques: cost benefit analysis, cost effectiveness and cost utility analysis and multicriteria analysis. It considers the ethical issues raised by the use of economic evaluation for decisions about resource allocation, and the kinds of decisions for which each technique is appropriate.
+ Subject Availability Modes and Locations
No offerings have been identified for this subject in 2013.Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: ECO360
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Assumed Knowledge:
Objectives:
Upon successful completion of this subject, students should:
* Be able to demonstrate an understanding of the ethical basis of using economic evaluation for making decisions;
* Be able to use the techniques of economic evaluation to make decisions;
* Be able to assess the uses and limitations of the techniques.
Syllabus:
The subject will cover the following topics:
Scarcity and community welfare. The ethics of economic evaluation. Introduction to cost-benefit analysis. Non-market valuation. Allowing for differential timing Allowing for equity and sustainability. Critiquing a cost-benefit analysis. Cost-effectiveness and cost-utility analysis Multicriteria analysis.
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.