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BX3033 - Cost Benefit Analysis

Credit points: 3
Year: 2015
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 EV2003 OR EG4000 OR EC1005 OR EC1001
Inadmissible
Subject
Combinations:
EC3406 EC5202

Availabilities

JCU Singapore, Study Period 53, Internal
Census Date 26-Nov-2015
Coordinator: Assoc. Professor Sizhong Sun
Lecturer: Dr TY Thong.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops.
Assessment: end of semester exam (60%); assignments (20%); online quiz (20%).

Townsville, Study Period 7, Block
Census Date 09-Jul-2015
Face to face teaching 26-Jun-2015 to 19-Jul-2015 (Face to face teaching dates - 6pm-9pm Fri 26 June, 9am-5pm Sat & Sun 27 & 28 June; 6pm-9pm Fri 17 July, 9am-5pm Sat & Sun 18 & 19 July. EC5202 Additional classes 6pm-9pm Mon 29 June; 6pm-9pm Mon 20 July)
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:
  • 38 hours - Combined Lectures; Tutorials/Workshops; Lecturer directed activities.
Assessment: end of semester exam (60%); assignments (20%); quiz (20%).

Study Period 7, External
Census Date 09-Jul-2015
Coord/Lect: Assoc. Professor Sizhong Sun.
Workload expectations:
  • 0 hours
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (60%); assignments (20%); online quiz (20%).
Special Assessment Requirements: Online classes will start Monday 22 June and run for 5 weeks with the final exam on Friday 24th July.

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.