In case of conflicting information consider the Sisu/Courses/Moodle pages the primary source of information.
Microeconomic foundations of CBA (compensating variation, equivalent variation, Potential Pareto Improvements, Consumer surplus, Producer surplus and Government surplus), valuing changes in the primary markets and in the secondary markets, benefit transfer, valuing health effects, discounting, social discount rate, dealing with uncertainty, distributional aspects, climate change and CBA
- Completion method: remote teaching (online learning: short videos on topics, lectures and lecture slides, tests based on material, mandatory assignments)
- Schedule: can be found in Courses Page and Sisu
- Study materials: can be found in Moodle
- A link and a Moodle course key will be sent by email before the course starts and/or they will be provided on the Courses page: you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key.
- Log in with your UH username to be able to use all the features of the course workspace
Please register for the course in the UH Sisu with your UH username. Further instructions (link to be added here later).
- to understand the microeconomic theory behind CBA
- to learn the basic principles of benefit-transfer and
- how to assess the value of outcomes of projects affecting market prices
- to be able to distinguish between impacts in the primary markets and the secondary markets and understandwhen the impacts in the secondary markets should be included in the CBA.
- to understand the impact of the choice of the discount rate on the net present value of a project, illustrate andcritically assess the different theories regarding the choice of the discount rate, and calculate the net present value of a project.
- to understand how uncertainty is incorporated into cost-benefit analysis in both theory and practice and perform expected value analysis and Monte-Carlo sensitivity analysis.
- to understand how health effects and distributional issues can be incorporated into cost-benefit analysis and perform a simple distributionally weighted cost-benefit analysis.
- to understand, illustrate and critically appraise the philosophical and ethical underpinnings of CBA and critically assess CBA-studies and distinguish a well-conducted CBA from a poor one