A course covering the techniques and applications of cost-benefit analysis including project evaluation in the context of both developed and less-developed economies. Topics include: the welfare-economic foundations of cost-benefit analysis; investment decision rules; the choice of a social discount rate; risk and uncertainty; shadow pricing of inputs with and without distortions; and special problems of project evaluation. Other objectives such as income distribution and macro-economic goals are also considered. Offered jointly with ECON-437.
A course covering the techniques and applications of cost-benefit analysis including project evaluation in the context of both developed and less-developed economies. Topics include: the welfare-economic foundations of cost-benefit analysis; investment decision rules; the choice of a social discount rate; risk and uncertainty; shadow pricing of inputs with and without distortions; and special problems of project evaluation. Other objectives such as income distribution and macro-economic goals are also considered. Offered jointly with ECON-437.
