Checking date: 11/09/2020

Course: 2023/2024

Cost-Benefit Analysis
Master in Industrial Economics and Markets / Máster Universitario en Economía Industrial y Mercados (Plan: 378 - Estudio: 270)

Coordinating teacher: MORENO RUIZ, DIEGO

Department assigned to the subject: Economics Department

Type: Compulsory
ECTS Credits: 6.0 ECTS


Requirements (Subjects that are assumed to be known)
Intermediate microeconomics and basic calculus.
- Teaches students the standards of precision and rigor in economic analysis and professional communication. - Emphasizes autonomous and group learning. - Familiarizes students with a set of tools appropriate for cost-benefit analysis. - Teaches students to set up and analyze some the most common applications.
Skills and learning outcomes
Description of contents: programme
1. Introduction 2. The economic evaluation of social benefits 3. Indirect effects and wider economic benefits 4. Opportunity costs, market and shadow prices 5. Economic valuation of non-marketed goods 6. Discounting and decision criteria 7. Uncertainty and risk analysis 8. Applications
Learning activities and methodology
-Lectures in which the basic material is presented and discussed. Basic textbook references are provided with to complete and deepen students understanding. - Solving and discussing practical exercises in the classroom as well as problem sets to provide students with feedback on their level of understanding and difficulties. - When applicable, resolution of case studies individually and/or in group. - Discussion in class under instructor moderation of topics. - Production of papers and reports individually or in group.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40

Basic Bibliography
  • Boardman, A., D. Greenberg, A. Vining and D. Weimer . Cost-Benefit Analysis: Concepts and Practice. 3rd edition. Prentice Hall. 2005
  • De Rus, Ginés. Introduction to Cost-Benefit Analysis: Looking for Reasonable Shortcuts. Edward Elgar. 2010
  • Johansson, P-O . An Introduction to Modern Welfare Economics. University Press, Cambridge. 1991
  • Johansson, P.-O.. Cost-Benet Analysis of Environmental Change.. Cambridge University Press, Cambridge.. 1993
  • P.-O. Johansson and B.Kriström. Cost-Benefit Analysis for Project Appraisal. Cambridge UP. 2016

The course syllabus may change due academic events or other reasons.