Joseph H Cook
PB AF 518
Develops familiarity through problems and applications. Stresses techniques of use.
Cost-benefit analysis, also known as benefit-cost analysis (BCA), is the dominant economic paradigm for normative economic analysis. BCA is widely used, especially by the federal government, but also by state and local governments. BCA can be regarded as both a science and an art. For sophisticated analysts it is clearly both. The subject is extremely rich and can be approached on many different levels, both in terms of technique and philosophy.
The aim of this course is to give students an understanding of the practical aspects of benefit-cost analysis and its economic and philosophical foundations.
Student learning goals
General method of instruction
Class assignments and grading