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Unit of study_

Benefit-Cost Analysis - AREC3007

Year - 2020

Foundational concepts in welfare economics, such as economic efficiency, criteria for assessing social welfare improvements, and economic surplus measures, are analysed in detail and applied to project evaluation and policy assessment. Procedures of conducting a benefit-cost analysis are presented, and tools of non-market valuation for public goods and environmental assets are covered in detail. These techniques include both stated and revealed preference techniques, including contingent valuation, choice modeling, hedonic pricing and travel cost methods.

1x2 hour lecture/week; 1x1 hour tutorial/week

1x500wd benefit-cost analysis (10%), 1x1000wd group work essay (20%), 1x1000wd report (20%), 1x2hr final exam (50%)


ECOS2001 or ECOS2901 or AREC2005 or AREC2003


(AREC2004 and RSEC4131)


Faculty: Arts and Social Sciences

Semester 2

24 Aug 2020

Department/School: Economics
Study Mode: Normal (lecture/lab/tutorial) day
Census Date: 28 Sep 2020
Unit of study level: Senior
Credit points: 6.0
EFTSL: 0.125
Available for study abroad and exchange: No
Faculty/department permission required? No
Courses that offer this unit

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