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ECON226 Benefit-Cost Analysis

Updated: 09 December 2009
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study Online Level
Armidale Semester 1 Off Campus C - Internet access required
Armidale Semester 1 On Campus C - Internet access required
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites 24cp and ECON101
Co-requisites None
Restrictions AGEC303 or ARE230 or ARE330 or ECON326
Notes None
Combined Units ECON326 - Benefit-Cost Analysis
Coordinator(s) Jack Sinden (jsinden@une.edu.au)
Unit Description

Benefit-cost analysis is a method to determine the economic desirability of competing alternatives from the viewpoint of society as a whole. In this unit, students develop an understanding of the necessary concepts and theory, and an ability to complete an effective analysis in the context of projects. The concepts and theory focus on welfare foundations, investment analysis, and valuation of benefits and costs. The case studies and applications focus on current problems in agriculture, the environment, land use and resource management.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material

Introduction to Benefit-Cost Analysis
ISBN: ARMC02
Sinden, J.A. and Thampapillai, D.J., UNE Reprint
Note: Available from the United Campus Bookshops, UNE
Text refers to: Semester 1 , On and Off Campus
Disclaimer Offer of some subjects is subject to viability. Information in these unit descriptions is subject to change prior to commencement of semester.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 15%
Assessment Notes
Exercises.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-3 GA: 1, 2, 5, 6, 7
Assignment 2 15%
Assessment Notes
Problem-solving.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-3 GA: 1, 2, 5, 6, 7
Assignment 3 15%
Assessment Notes
Exercises.
Assignment 4 15%
Assessment Notes
Problem-solving.
Final Examination 2 hrs 40%
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-3 GA: 1, 2, 5, 6, 7

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. understand the roles, welfare basis and application of benefit-cost analysis to the evaluation of public projects;
  2. understand the conceptual basis of BCA in welfare economics; and
  3. understand the practical preparation through investment analyses, and valuation of benefits and costs.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
The knowledge of the discipline is extended through the teaching and learning activities of the unit. 		True True True
2 Communication Skills
 True True True
3 Global Perspectives
 False False True
4 Information Literacy
 False False True
5 Life-Long Learning
 True True True
6 Problem Solving
 True True True
7 Social Responsibility
 True True True
   

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