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.

No offerings have been identified for this subject in 2019.

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

HD/FL

Duration

One session

School

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.

Syllabus

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.

Contact

For further information about courses and subjects outlined in the CSU handbook please contact:

Current students

Future students

The information contained in the CSU Handbook was accurate at the date of publication: May 2019. The University reserves the right to vary the information at any time without notice.

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