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BX3033 - Cost Benefit Analysis
Credit points: |
3 |
Year: |
2021 |
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 08-Apr-2021 |
Coordinator: |
Assoc. Professor Huiping Zhang |
Lecturer:
|
Dr Thanh Nguyen. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
- assessment and self-directed study
|
|
|
JCU Singapore,
Study Period 53,
Internal
|
Census Date 02-Dec-2021 |
Coordinator: |
Assoc. Professor Huiping Zhang |
Lecturer:
|
Dr Tilak Doshi. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
- assessment and self-directed study
|
|
|
Townsville,
Trimester 2,
Internal
|
Census Date 24-Jun-2021 |
Coord/Lect: |
Assoc. Professor Sizhong Sun. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
- assessment and self-directed study
|
|
|
Trimester 2,
External
|
Census Date 24-Jun-2021 |
Coord/Lect: |
Assoc. Professor Sizhong Sun. |
Workload expectations: |
The student workload for this
3
credit point subject is approximately
130 hours.
- 0 hours
- 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.