PAM 5300

Last Updated

  • Schedule of Classes - June 18, 2018 7:14PM EDT
  • Course Catalog - June 14, 2018 7:15PM EDT

PAM 5300
Cost-Benefit Analysis

Course information provided by the Courses of Study 2017-2018.

In-depth treatment of methods for public policy analysis. The course focuses on cost-benefit analysis, a method grounded in microeconomics and applied welfare economics. Topics include market failures; willingness to pay; opportunity costs; discounting future costs and benefits; handling uncertainty and risk; incorporating distributional impacts; methods to value a statistical life; and methods to value environmental quality and other non-market goods. Numerous examples are taken from a variety of policy areas, including crime, education, health, welfare, and regulation.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: PAM 2000, PAM 2300.

Outcomes
  • Explain how to conduct cost-benefit analysis of government projects.
  • Calculate the discounted present value of future costs and benefits.
  • Evaluate distributional effects of public policies.
  • Apply uncertainty and risk to policy analysis.
  • Explain how to evaluate non-market activities such as environmental policy and the value of a statistical life.

View Enrollment Information

Syllabi:

  •   Regular Academic Session.  Choose one lecture and one discussion. Combined with: PAM 3300

  • 4 Credits Stdnt Opt

  • 13813 PAM 5300   LEC 001

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  • 13814 PAM 5300   DIS 201

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