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Cost Benefit Analysis (11208.1)

Level: Advanced Unit Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

Unit Outlines

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  • Semester 1, 2019, ON-CAMPUS, BRUCE (184605) - View

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Syllabus

This unit provides an investment analysis of the viability of social and economic projects or programs with a view of informing and guiding decision making. Cost benefit analysis uses microeconomic theory to determine whether society will be better off or worse off in aggregate if a particular project goes ahead. Particular attention is paid to incorporating the non-monetary costs and benefits of a project.

Learning Outcomes

After successful completion of this unit, students will be able to:

1. Write a Cost Benefit Analysis report that is suitable for public policy; and

2. Explain the principles behind cost benefit analysis.

Assessment Items

Contact Hours

One 2 hour lecture and one 1 hour tutorial on-campus per week.

Prerequisites

11175 Introduction to Economics.

Corequisites

None.

Assumed Knowledge

This unit requires prior exposure to basic microeconomic principles and theories, which are covered in the pre-requisite Introduction to Economics.

Incompatible Units

None.

Equivalent Units

6353 Project Evaluation and Management.



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