ECO360 Economic Evaluation (8)

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 Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

No offerings have been identified for this subject in 2018.

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

Subject Information

Grading System



One session


School of Accounting and Finance

Assumed Knowledge
ECO110 and ECO120

Learning Outcomes

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.


This 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.


Current Students

For any enquiries about subject selection or course structure please contact Student Central or or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 275 278 (free call within Australia) or enquire online.

The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.