To learn about the state of the art in Cost-Benefit Analysis for various sectors.

There is an increasing need for evaluation and ranking of projects within constrained public budgets. CBA is one of the methods that are extensively used in economic impact assessment of projects in the public sector. Originally, it was developed and applied within transportation, but has gained increasing attention also within environmental assessment, health care and cultural economics. The course covers fundamental theoretical and empirical issues, and applies these to actual case studies. Decisions under uncertainty and real option theory are also covered.

Boardman A E et al (2006). Cost-benefit analysis : concepts and practice. Upper Saddle River, N.J. : Pearson Prentice Hall. ISBN: 978-0-13-143583-4