Course and Subject Handbook

This subject examines the use of cost-benefit analysis in evaluating the efficiency of projects. Cost-benefit analysis can be applied to evaluate both physical projects (for example a new mine, new water infrastructure or new railway systems) and non-physical projects (for example changes in the health or educational system). As such, the subject provides relevant skills to a broad range of students well outside the economics domain. The subject pays particular attention to the role of Indigenous people and communities in projects, and external (particularly environmental) costs and benefits. At the conclusion of the subject, students will be able to conduct a cost-benefit analysis at a professional level.