Principles of Cost Benefit Analysis

Principles of Cost Benefit Analysis, available at $29.99, has an average rating of 3.75, with 17 lectures, based on 126 reviews, and has 7550 subscribers.

You will learn about Principles of Cost Benefit Analysis Structure of Cost benefit Analysis Methods for assessing costs and benefits Total economic value Terminology in cost benefit analysis Discounting Uncertainty analysis in cost benefit analysis Comparing the alternatives in cost benefit analysis This course is ideal for individuals who are Project leaders or Project managers or Economics students or Public officials or Consultants It is particularly useful for Project leaders or Project managers or Economics students or Public officials or Consultants.

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Summary

Title: Principles of Cost Benefit Analysis

Price: $29.99

Average Rating: 3.75

Number of Lectures: 17

Number of Published Lectures: 17

Number of Curriculum Items: 17

Number of Published Curriculum Objects: 17

Original Price: $29.99

Quality Status: approved

Status: Live

What You Will Learn

Principles of Cost Benefit Analysis
Structure of Cost benefit Analysis
Methods for assessing costs and benefits
Total economic value
Terminology in cost benefit analysis
Discounting
Uncertainty analysis in cost benefit analysis
Comparing the alternatives in cost benefit analysis

Who Should Attend

Project leaders
Project managers
Economics students
Public officials
Consultants

Target Audiences

Project leaders
Project managers
Economics students
Public officials
Consultants

This course introduces the principles of cost benefit analysis and provides a clear structure for conducting or evaluating a cost benefit analysis.

The course begins by discussing what cost benefit analysis can be used for, in what kinds of situations it has been used in real life, and why it is preferred to some other methods for analysing whether a project should be implemented or not. It then moves on to introduce 10 steps for conducting a cost benefit analysis, and explains these steps carefully one by one. Examples and references to real life are provided throughout the course. Additionally, throughout the steps one particular example is followed through to provide some flesh to the story. After the steps, the course also discusses some shortcomings of the method and the importance of making policy recommendations after the analysis.

After the course the student should have a clear overview of cost benefit analysis and its possibilities, but also be aware of the shortcomings of the method. The student knows the structure or the cost benefit analysis and can use the structure to conduct their own analysis or evaluate an existing one.

Course Curriculum

Chapter 1: Introduction to the course and subject

Lecture 1: Introduction

Lecture 2: What is a cost benefit analysis?

Lecture 3: Why use a cost benefit analysis?

Lecture 4: What can cost benefit analysis be used for?

Chapter 2: Setting up

Lecture 1: Steps in a cost benefit analysis

Lecture 2: Define goal and objectives

Lecture 3: Define alternative actions

Lecture 4: Define spatial and temporal extent

Chapter 3: Estimating costs and benefits

Lecture 1: Select measurements and measure all the elements

Lecture 2: Predict outcome of impacts

Lecture 3: Estimate the costs and benefits

Lecture 4: Apply discounting

Chapter 4: Comparing costs and benefits

Lecture 1: Aggregate the costs and benefits

Lecture 2: Perform sensitivity or uncertainty analysis

Lecture 3: Identify the best actions and provide recommendations

Chapter 5: Wrapping up

Lecture 1: Caveats

Lecture 2: Wrapping up

Instructors

Jaakko Heikkilä
Head of Training, Licentiate of Science

Rating Distribution

1 stars: 5 votes
2 stars: 3 votes
3 stars: 30 votes
4 stars: 40 votes
5 stars: 48 votes

Frequently Asked Questions

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You can view and review the lecture materials indefinitely, like an on-demand channel.

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