PPOL 7035 - Cost-Benefit Analysis

This course examines methods for valuing public projects’ outcomes. Topics include valuing outcomes not traded in explicit markets (health, environment), the theory of second best, external v. internal costs and benefits, the problem of interpersonal comparisons, valuing unintended consequences, discounting, dynamics of the provision of non-market goods (what is the present value of the rest of your life?), opportunity costs and shadow prices.

Credits: 3