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.
School of Accounting and Finance
Postgraduate students only
ECO360 Covers similar material at different level
Scarcity and community welfare.
The ethics of economic evaluation.
Introduction to cost-benefit analysis.
Allowing for differential timing
Allowing for equity and sustainability.
Critiquing a cost-benefit analysis.
Cost-effectiveness and cost-utility analysis
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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.