Development Economics (Field 6)

EE467 Project Evaluation and Economic Valuation Techniques

3 (3-0-6)

Prerequisites: (a) EE212 and EE311 or (b) EE214 and EE311 and having completed at least one 400-level course in field 3 to field 9

Study welfare economic foundations of economic project evaluation. Study project evaluation methodologies, including Cost-Benefit Analysis (CBA), Cost Effectiveness Analysis (CEA) and Multi-Criteria Analysis (MCA); as well as project evaluation criteria, e.g., Net Present Value (NPV), Internal Rate of return (IRR), etc. Study quantitative techniques for economic valuation, including market-based techniques, hedonic pricing method, travel cost method, contingent valuation method, choice modeling, benefit transfer, value of statistical life, etc.