ECN 475 - Cost-Benefit Analysis.

ECN 202 or consent of instructor. (3).

Comprehensive, theoretical overview of cost-benefit analysis. Emphasis on theoretical framework for identification and assessment of costs and benefits from society’s perspective. Welfare economics and microeconomic foundation of cost benefit analysis; analytical tools and concepts to identify, measure, and compare all possible allocational outcomes in project evaluation; analysis of distributional effects; project evaluation under risk and uncertainty. Also listed as PUB 475.