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ECO517 Economic Evaluation (8)

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 Location

Session 1
OnlineWagga Wagga Campus
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.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Enrolment restrictions

Postgraduate students only
Incompatible subject(s)Related subject(s)
ECO360 ECO360 Covers similar material at different level

Learning Outcomes

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.

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The information contained in the 2018 CSU Handbook was accurate at the date of publication: 18 October 2017. The University reserves the right to vary the information at any time without notice.