Cost-Benefit Analysis (Part I): Theory & Practice

Catalog description

Covers theory and practice of cost-benefit analysis (CBA), or economic analysis, as an important tool for conducting public policy assessments, with emphasis on environmental and health policy interventions. Covers topics such as the economic and ethical rationale for CBA, basic principles for assessing the economic effects of projects, intergenerational and philosophical concerns as they relate to CBA, social discounting, equity analysis and poverty weights, and risk and uncertainty. Recommended prerequisite: Intermediate/advanced microeconomics.