ECON-6210

Advanced Cost-Benefit Analysis

The techniques necessary to appraise the economic desirability and private-sector impact of various public projects and policies are studied. Concepts such as discounting, capital rationing, project selection, shadow pricing, risk assessment, unpriced goods, and economic surplus are developed. Among the topics from which illustrative case studies are drawn are urban and transport planning, energy, water resources, government regulation, and the environment. Suitable for graduate students in professional programs. Prerequisite: ECON-6490 or ECON-2010. Spring term.

3 credit hours