Course Page

Benefit Cost Analysis

Course Number:

73359


Faculty

Frederick Rueter, frueter@andrew.cmu.edu


Program

Undergraduate Economics


Concentrations

B.A. in Economics, B.S. in Economics, B.S. in Economics and Statistics, B.S. in Economics and Mathematical Sciences, Additional Major in Economics, Additional Major in Economics and Statistics, Minor in Economics


Course Description

The evaluation of public private sector projects. The theory of benefit-cost analysis and related techniques, such as cost-effectiveness analysis. Attention is given to such issues as valuing goods and services that are not normally traded in the marketplace (e.g., the value of an individual’s life) and the social rate of discount. Applications are considered in detail. Minimum grade standard of "C" applies only to economics courses.

Format

Lecture: 160min/wk


Textbook

A. Boardman et al, "Cost Benefit Analysis: Concept and Practice", Pearson Prentice Hall (4th Edition), 2011: U.S. Office of Management and Budget, Circular A-4 and Circular A-94


Pre-requisites

(21120 OR 21256) AND (73100) AND (73230)