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EC5202 - Cost Benefit Analysis

Credit points: 3
Year: 2014
Student Contribution Band: Band 3
Administered by: School of Business (pre 2015)

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 tailored to students who (envision to) work at a position that requires advanced economics skills.

Learning Outcomes

  • Understand how to conduct a cost-benefit analysis (CBA) and use other project evaluation techniques at a professional level;
  • Develop a systematic understanding of the role of Indigenous people and issues in projects, and the difficulties likely to be encountered if attempting to incorporate their views within a western-science CBA framework;
  • Demonstrate critical awareness of the role of the environmental considerations in the evaluation of projects, and the difficulties of attempting to include non-market values such as these in the CBA framework;
  • Demonstrate a cohesive understanding re the use of an Excel spreadsheet to assist the analysis when conducting a cost-benefit analysis.
Inadmissible
Subject
Combinations:
EC3406 BX3033

Availabilities

Townsville, Block, Study Period 7
Census Date 10-Jul-2014
Face to face teaching 27-Jun-2014 to 21-Jul-2014 (Face to face teaching dates - Fri 27/6 6pm-9pm; Sat 28/6 & Sun 29/6 9am-5pm; Mon 30/6 6pm-9pm; Fri 18/7 6pm-9pm; Sat 19/7 & Sun 20/7 9am-5pm; Mon 21/7 6pm-9pm; Exam date to be advised.)
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:
  • 36 hours workshops/Seminars
Assessment: end of semester exam (50%); assignments (40%); test (10%).

External, Study Period 2
Census Date 28-Aug-2014
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:
  • 0 hours
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (50%); assignments (40%); test (10%).

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.