3 credits
Spring 2026 Lecture
This course develops the theory and methods used to assess the benefits and costs of economic policies and projects. Topics include benefit-cost analysis, economic impact analysis, nonmarket valuation, and analysis of risk and uncertainty. Pre-Requisites: A graduate course in microeconomic theory; a graduate course in regression analysis.
Learning Outcomes1Estimate a project's benefit's and costs, including shadow pricing project inputs and outputs and valuing non-market goods and services.
2Appropriate apportion various benefits and cost across different project stakeholders to estimate the distribution of project benefits and costs across society.
3Derive and interpret economic measures of project performance, including net present value, internal rate of return, and benefit-cost ratios.
4Incorporate risk and uncertainty into project analysis.
Restrictions
made by Purdue students.