Cost-Benefit Analysis and Sustainability
Training Provider: Singapore University of Social Sciences
Course Reference: TGS-2024047229
S$1,461
About This Course
Propose economic and command-and-control policy instruments for environmental problems
Discuss the strengths and limitations of Cost-Benefit Analysis, including of various valuation methods and strategies to deal with uncertainty
Distinguish between the concepts of sustainability
Examine environment issues using analytical frameworks of marginal costs and benefits, and damage schedules and abatement costs
Appraise the total economic impacts of projects using the steps of Cost-Benefit Analysis
Infer the demand and supply of energy, in relation to market structures, and its macroeconomic implications
What You'll Learn
ECO302 Cost-Benefit Analysis and Sustainability addresses environmental issues using economic frameworks, and covers the analytical tool of Cost-Benefit Analysis (CBA). Within which, students will learn the steps of conducting CBA, such as valuation methods of travel cost method, contingent valuation method, and hedonic pricing method. While CBA’s objective is economic efficiency, adjustments for equity and uncertainty are also considered. The course will also cover sustainability issues, including its relation to energy: energy and firm/market structures, modelling energy demand and supply, and what it means for the macroeconomy.
Course Details
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