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EC5202 - Cost Benefit Analysis

Credit points: 3
Year: 2021
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. 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

  • synthesise the theoretical welfare-economics background of cost-benefit analysis;
  • conduct using an Excel spreadsheet a cost-benefit analysis of a real-life project and critically evaluate the findings;
  • demonstrate advanced and integrated knowledge of 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.

Subject Assessment

  • Written > Examination (centrally administered) - (50%) - Individual
  • Written > Test/Quiz 1 - (10%) - Individual
  • Written > Essay (including multi-draft) 1 - (40%) - Individual.
EC3406 BX3033


Townsville, Intensive, Study Period 7
Census Date 08-Jul-2021
Face to face teaching 25-Jun-2021 to 04-Jul-2021 (Fri 25 June 6-9pm; Sat 26 June 9-5pm; Sun 27 June 9-5pm, Fri 2 July 6-9pm, Sat 3 July 9-5pm, Sun 4 July 9-5pm 2021)
Workload expectations:

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

  • 36 hours workshops
  • assessment and self-directed study

External, Study Period 7
Census Date 08-Jul-2021
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.