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BX3033 - Cost Benefit Analysis

Credit points: 3
Year: 2023
Student Contribution Band: Band 4
Administered by: College of Business, Law & Governance

This subject examines the use of cost-benefit analysis in evaluating the efficiency of projects. Cost-benefit analysis can be applied to evaluate both physical projects (for example a new mine, new water infrastructure or new railway systems) and non-physical projects (for example changes in the health or educational system). As such, the subject provides relevant skills to a broad range of students well outside the economics domain. The subject pays particular attention to the role of Indigenous people and communities in projects, and external (particularly environmental) costs and benefits. At the conclusion of the subject, students will be able to conduct a cost-benefit analysis at a professional level.

Learning Outcomes

  • summarise the theoretical welfare-economics background of cost-benefit analysis;
  • explain the difficulties of attempting to include non-market values (e.g. environmental values) and / or the views of Indigenous People in standard western-science cost-benefit analysis frameworks;
  • conduct (using an Excel spreadsheet) a cost-benefit analysis of a real-life project and interpret the findings.

Subject Assessment

  • Written > Test/Quiz 1 - (50%) - Individual
  • Written > Client report 1 - (25%) - Group
  • Oral > Interview - (25%) - Group.
Prerequisites: BU1003 OR BU1903 OR EV2003 OR EG4000 OR EC1005 OR EC1001
Inadmissible
Subject
Combinations:
EC3406 EC5202 BX3013 BX2012

Availabilities

JCU Singapore, Study Period 51, Internal
Census Date 06-Apr-2023
Coordinator: Assoc. Professor Huiping Zhang
Lecturer: Dr Thanh Nguyen.
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 20 hours lectures - may include recorded presentations, online activities & self-learning activities inclusive of lectures, via LearnJCU
  • 20 hours tutorials - may include recorded presentations, online activities & self-learning activities inclusive of synthesising sessions, via LearnJCU
  • assessment and self-directed study

JCU Singapore, Study Period 53, Internal
Census Date 30-Nov-2023
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 20 hours lectures - may include recorded presentations, online activities & self-learning activities inclusive of lectures, via LearnJCU
  • 20 hours tutorials - may include recorded presentations, online activities & self-learning activities inclusive of synthesising sessions, via LearnJCU
  • assessment and self-directed study

Townsville, Trimester 2, Mixed attendance
Census Date 22-Jun-2023
Face to face teaching (To be Advised)
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 20 hours workshops
  • 10 hours online activity - Recordings, online activities and self-directed learning
  • 10 hours online Tutorials - Online Collaborate sessions
  • assessment and self-directed study

Trimester 2, External
Census Date 22-Jun-2023
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 30 hours online activity - Recordings, online activities & self-directed learning
  • 10 hours online Tutorials - Online collaborate sessions
  • assessment and self-directed study
Method of Delivery: WWW - LearnJCU

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.