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BX3033 - Cost Benefit Analysis

Credit points: 03
Year: 2019
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

This subject examines the use of cost-benefit analysis in evaluating the efficiency of projects. Examples of such applications are the construction of new mines or new water infrastructure or new railway systems. The technique is also applicable to non-physical projects such as changes in the health system. In line with current realities, particular attention is paid to the role of Indigenous People and communities in projects, and external (particularly environmental) costs and benefits. The subject is taught in a practical way with the intention that by the end of the subject, students will be able to conduct a cost-benefit analysis at a professional level. While the subject is available to all JCU students, it is assumed that those who choose to enrol will have a sound understanding of introductory economic principles.

Learning Outcomes

  • conduct a cost-benefit analysis (CBA) and use other project evaluation techniques at a professional level;
  • explain the environmental considerations in the evaluation of projects, discussing the difficulties of attempting to include non-market values such as these in the cost-benefit analysis framework;
  • demonstrate knowledge of the theoretical background of cost-benefit analysis (welfare economics);
  • use an Excel spreadsheet to conduct the analysis when undertaking a cost-benefit analysis;
  • explain the role of indigenous people and issues in projects, discussing the difficulties likely to be encountered if attempting to incorporate their views within a western-science cost- benefit analysis framework.
Prerequisites: BU1003 OR BU1903 OR EV2003 OR EG4000 OR EC1005 OR EC1001
Inadmissible
Subject
Combinations:
EC3406 EC5202 BX3013 BX2012

Availabilities

Townsville, Block, Study Period 7
Census Date 11-Jul-2019
Face to face teaching 22-Jun-2018 to 15-Jul-2018 (6-9pm Fri 22 June, 9-5pm Sat 23 June and Sun 24 June & 6-9pm Fri 13 July, 9-5pm Sat 14 July and Sun 15 July 2018)
Coord/Lect: Assoc. Professor Sizhong Sun.
Contact hours:
  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
    Assessment: end of semester exam (60%); assignments (20%); quiz (20%).

    External, Study Period 7
    Census Date 11-Jul-2019
    Coord/Lect: Assoc. Professor Sizhong Sun.
    Contact hours:
    • 0 hours
      Method of Delivery: WWW - LearnJCU
      Assessment: end of semester exam (60%); assignments (20%); online quiz (20%).
      Special Assessment Requirements: To be advised.

      JCU Singapore, Internal, Study Period 51
      Census Date 11-Apr-2019
      Coordinator: Assoc. Professor Sizhong Sun
      Lecturer: Dr Thanh Nguyen.
      Contact hours:
      • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
        Assessment: end of semester exam (60%); assignments (20%); quiz (20%).

        JCU Singapore, Internal, Study Period 53
        Census Date 05-Dec-2019
        Contact hours:
        • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
          Assessment: end of semester exam (60%); assignments (20%); quiz (20%).

          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.