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Dec 26, 2024
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ECON135 PO - Analysis of Public Projects: Benefits and CostsWhen Offered: Last offered spring 2017.
Instructor(s): B. Cutter
Credit: 1
Benefit-cost analysis is an important analytical tool that is used worldwide to decide which public projects to pursue and what regulations are viable. Benefit-cost analysis is required for major regulations in the United States and is increasingly used to support policy decisions around the world. Understanding its advantages and limitations, and being able to distinguish well-conducted from poor analysis, is an important skill. This class will cover the key components of benefit cost analysis including estimating impacts using market prices, as well as outcomes that are not easily measured in monetary terms (such as environmental quality, health, and longevity.) This class will also examine the history of benefit cost analysis. It will focus on water projects especially, as well as other public infrastructure projects. The key student goal is to be able to conduct a basic benefit cost analysis, and to be able to critique benefit cost analyses. Letter grade only. Prerequisites: ECON052 PO.
Satisfies the following General Education Requirement(s), subject to conditions explained in the Degree Requirements section of this Catalog:
Area 2
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