Study of how to use cost benefit analysis and other similar tools of applied microeconomics to conduct policy analyses. Cost-benefit analysis is an empirical method of identifying an optimal choice from a set of policy alternatives, where optimal is defined in terms of economic efficiency. Real world examples are addressed, so that students understand limitations of the methods and also interactions of economic analysis with political and administrative processes.
ECON426: Economics of Cost-Benefit Analysis
1 course with a minimum grade of C- from (ECON325, ECON326); and 1 course with a minimum grade of C- from (ECON321, STAT400). Restriction: Must be in a major within the BSOS-Economics department. Credit only granted for: ECON398A or ECON426. Formerly: ECON398A. Additional information: ECON426 meets the major requirement for Quantitative and Analytic Reasoning.
Grading Method: Regular , Pass-Fail , Audit