Course NA3007

Welfare Economic Analysis of Public Policy - Graduate Level

7.5 Credits
Second Cycle

Main field of study: Economics

The course has no instances planned right now

Learning outcomes for the course

Cost Benefit Analysis, CBA, is a method that is used in various sectors in society to evaluate that total effect of a project or a policy. The method is based on economic welfare theory. After completed course the students will:
- understand economic welfare theory and its connection to CBA
- understand the theoretical basis for and be able to use different methods to measure the effect on producers
- understand the theoretical basis for and be able to use different methods to measure the effect on consumers
- understand the theoretical basis for and be able to use different methods to measure the effect on factor suppliers
- understand how peoples’ preferences for non-market goods can be measured.
- understand and be able to evaluate how the effects of a policy can be measured in the presence of market interventions, such as taxes and subsidies, or when a policy influences the outcome in several market
- understand and be able to implement discounting
- understand and be able to use different methods to account for uncertainty and the effect of different market imperfections in a CBA
- be able to perform a simple CBA on their own in a spreadsheet program.