Introduction to cost-benefit analysis

Course Group: 
Public Sector Management
Course Outline: 

CBA is a method of evaluation that attempts to estimate and compare the total benefits and costs of a proposed project or regulatory change. It calculates the dollar value of the gains and losses for all people affected by the project. If the sum is positive, the benefits exceed the costs and the project increases efficiency and value to society. If it is negative, the opposite conclusion arises. This course is aimed at individuals encountering CBA as part of their work, and is designed to be highly interactive.

The course is organised around 10 modules of about 1-1.5 hours each over two days covering the rationale and key components of CBA as well as its step-by-step application using specific examples. Topics include:

•           Why CBA: thinking about efficiency and transparency

•           How CBA works in practice: using applications to

- identify the alternatives

- identify benefits and costs

- justify chosen measurement indicators

- quantify impact of the project over its lifetime

- attach a dollar value to all impacts

- discount benefits and costs

- compute the net present value of the project and its alternatives

- perform a sensitivity analysis

- make a recommendation

 

Course material: references and handouts will be distributed to students prior to or on the day of the course.

 

Prerequisites: none. Some working knowledge of Excel is useful but not essential.

Who Should Attend

Course Outline

Presenter

Dates & Registration


WHO SHOULD ATTEND

Anyone facing CBA as part of his/her work and in need of either a refresher or an introduction with emphasis on applications.


COURSE OUTLINE

DAY ONE

•           Why CBA: thinking about efficiency and transparency

•           How CBA works in practice: using applications to

- identify the alternatives

- identify benefits and costs

- justify chosen measurement indicators

- quantify impact of the project over its lifetime

DAY TWO

•           How CBA works in practice (continued): using applications to

- attach a dollar value to all impacts

- discount benefits and costs

- compute the net present value of the project and its alternatives

- perform a sensitivity analysis

- make a recommendation 


PRESENTER:

Professor Massimiliano Tani

Professor Massimiliano Tani

I carry out applied research with an economic angle and business/policy implications, mostly related to individual decision-making, and teach finance at graduate level in face-to-face and distance mode. My education includes a PhD in Economics from the Australian National University (Canberra, Australia), a MSc Econ from the LSE and Laurea from Bocconi University (Milan, Italy). Before moving to Australia in 1999 I had a previous life in investment banking in the UK for a decade. 

 


DATES AND REGISTRATION: 

Class size: Maximum 20 students

Duration: 2-Days

Dates: 15th & 16th November 2017

Delivery Mode: Face to face

Standard Price: $1690*

*  Please note that a discounted rate may be available in special circumstances.  Please contact PSRG at PSRGinfo@unsw.edu.au for further information.

Location:  Army/Air Force Room, Adams Auditorium, UNSW Canberra

What you will receive:  Tea/Coffee on arrival, morning tea, lunch, afternoon tea

COURSE AVAILABILITY

CANBERRA
15 November 2017 - 16 November 2017