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EC5202 - 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 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 09-Jul-2015
Face to face teaching 26-Jun-2015 to 20-Jul-2015 (Face to face teaching dates - Fri 26/6 6pm-9pm; Sat 27/6 & Sun 28/6 9am-5pm; Mon 29/6 6pm-9pm; Fri 17/7 6pm-9pm; Sat 18/7 & Sun 19/7 9am-5pm; Mon 20/7 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 7
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 (50%); assignments (40%); test (10%).
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.