ECON 7245 - Cost-Benefit Analysis

This course provides hands-on experience in structuring assessment of, and applying modelling solutions to, real-world problems of resource use and allocation. Students will develop skills to assess decision-making outcomes at operational (e.g. farm or department) and higher (i.e. agricultural system or jurisdictional) levels. The course begins with an introduction to a set of clear theoretical foundations as a basis for skill development. A selection of analytical frameworks for conducting cost-benefit analysis will follow. Techniques learned will allow students to assess the current state of business or policy setting and evaluate potential improvements to enhance profitability, sustainability, and human outcomes while accounting for the limited business, government or social resources.