Core Course
MP505 – Cost-Benefit Analysis
Course Unit Code: MP505
Type Of Unit: Elective
Level of Course Unit: First cycle
Year of Study: First / second year
Semester: On demand
Number of ECTS Credits: 9
Class Contact Hours: 35
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to help students perform financial and economic analysis of policies, programmes, and projects and rank them in terms of efficiency and cost effectiveness.
Learning Outcomes
- Estimate and compare the benefits and costs of policies, programmes and projects.
- The time value of money and investment selection/project appraisal criteria.
- Choosing appropriate discount rates and calculating present and future values.
- Use shadow pricing to convert financial prices to economic prices.
- Handle inflation, risk and uncertainty in project appraisal.
- Use simple methods of valuing non-market impacts of projects (environmental, social, cultural etc.)
- Use cost-effectiveness and multi-objective methods of project appraisal.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures, in-class assignments, in-class debates and discussion, video case studies, guest speakers
Assessment methods and criteria
20% Participation
80% Final exam
Language of Instruction
English
Work Placement(s)
Not applicable
Readings
Lecture notes will be posted on Moodle.
Recommended (optional) textbooks for the course are:
1. Boardman, A. E. et al. (2005), 3th edition, Cost-Benefit Analysis: Concepts and Practice, Upper Saddle River, NJ: Prentice Hall
2. Tevfik, N.F. (1996), Cost Benefit Analysis: Theory and Application,Thousand Oaks, CA: Sage
3. Harvey, R. S., and Gayer, T. (2009), 9th edition, Public Finance, New York: McGraw-Hill
You will also receive a course package at the beginning of the course that will include the suggested readings which I encourage you to read for a better understanding of the relevant topics.
English (UK) 
Ελληνικά