Facts about the course
- ECTS Credits:
- Responsible department:
- Faculty of Logistics
- Course Leader:
- Svein Bråthen
- Lecture Semester:
- Teaching language:
- ½ year
DRL007 Cost benefit analysis (Autumn 2021)
About the course
The general objective is to learn about the state of the art in Cost-Benefit Analysis for various sectors. There is an increasing need for evaluation and ranking of projects within constrained public budgets. CBA is one of the methods that are extensively used in economic impact assessment of projects in the public sector.
Originally, CBA was developed and applied within transportation, but has gained increasing attention also within environmental assessment, health care and cultural economics. The course covers fundamental theoretical and empirical issues and applies these to actual case studies.
The theoretical and conceptual platform covers topics like consumer and producer surplus measures, efficiency and equity, opportunity costs, imperfect markets, external effects, network effects, public goods, cost-efficiency analysis, constraints based on rights and politics, CBA and decision-making, critique of CBA.
The discount rate, systematic and unsystematic risks.
Non-market valuation. Methods like Contingent Valuation and Stated Preferences to measure the economic value of intangibles like travel time, environment impacts, health care effects and traffic safety measures
Case studies (adjustments may occur)
Climate change and environment
Petroleum and energy
Wider Economic Impacts from changes in transport systems
The course is connected to the following study programs
- Phd Studies in Logistics for external students
- Philosophiae Doctor in Logistics (PhD)
A list of readings will be provided later, and the papers will be made electronically available two weeks before the course starts.