ECO517 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. Assumed knowledge for this subject is equivalent to that covered in ECO501.

+ Subject Availability Modes and Locations

Session 1
Distance	Wagga Wagga

Continuing students should consult the SAL for current offering details: ECO517

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Enrolment restrictions:

Postgraduate students only

Objectives:

Upon successful completion of this subject, students should:

be able to explain 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 expound 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.

Back