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Economic Analysis/Cost-Benefit Analysis

Description: Cost-benefit analysis is a key tool in evaluating public policies, and in assessing the costs and benefits of investment projects. The course covers:

  • both the analytical techniques and their practical application;
  • the economic aspects of the analysis, and how the economic analysis fits into the financial, stakeholder and risk considerations that are part of a complete cost-benefit analysis;
  • applications to infrastructure investments such as transportation, electricity and water as well as interventions in the social sectors such as education and health;
  • risk identification and its management.

This course introduces applied welfare analysis of public expenditure, i.e., the rationale for public  intervention, counter factual private sector supply response, etc. Participants will learn about financial analysis, economic analysis, sensitivity analysis, stakeholder analysis and risk analysis, through a combination of lectures, hands-on exercises, case studies and discussion. They will also learn how these techniques may serve as policy tools in executing public investment and making policy decisions.

Learning Objectives: At the end of the course, participants will deepen their understanding of the techniques used to perform cost-benefit analysis, and also learn how these can be applied in public sector decision making.

Last updated: 2008-04-08

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