The objective of cost-benefit analysis is to provide decision-makers with information about the social value of government-sponsored programs, projects, and policies so that they can allocate resources in a way that improves the well-being of society as a whole. The course covers the key concepts and tools essential for the evaluation of government activity by applying cost-benefit techniques, including under conditions of uncertainty. Case studies from Australia and overseas will be explored. Alternative decision-making approaches will also be studied.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate a solid understanding of the basic rationale and techniques for applying cost-benefit analysis to government-sponsored programs, policies, and projects.
- Be able to plan and implement cost-benefit analysis.
- Critique a cost-benefit study prepared by someone else.
- Demonstrate a sound understanding of the strengths and weaknesses of cost-benefit analysis.
- Conduct research and communicate critical analysis of cost-benefit analysis and alternative approaches.
Indicative Assessment
- Problem set (maximum 1,000 words) (10) [LO 1,2,3]
- Contribution to class discussion forum (5) [LO 1,2,3,4]
- Essay (maximum 2,500 words) (40) [LO 1,2,3,4,5]
- Final exam (45) [LO 1,2,3,4,5]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
The standard workload is 130 hours including class time and independent study.
Inherent Requirements
Not applicable.
Prescribed Texts
Boardman, AE, Greenberg, DH, Vining, AR & Weimer DL 2018, Cost-Benefit Analysis: Concepts and Practice, 5th edn, Cambridge University Press, Cambridge UK.
Assumed Knowledge
Knowledge in microeconomics and mathematics is assumed.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2024 | $4680 | Standard Rate |
| 2024 | $3720 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
