Teaching Benefit-Cost Analysis
Teaching Benefit-Cost Analysis: Tools of the Trade(Elgar Guides to Teaching)

Teaching Benefit-Cost Analysis: Tools of the Trade(Elgar Guides to Teaching)


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About the Book

Teaching Benefit-Cost Analysis is a unique look at the insights of internationally recognized teachers, researchers and practitioners addressing a difficult and controversial subject. Each chapter presents a self-contained module that includes guidance to additional resources, and many contain class exercises to provide detail and inspiration that extends beyond the scope of standard textbooks. The social evaluation of public investments by governments, international organizations and non-profits is an expanding field that encompasses both new and established areas of social policy. This book expands on the methods and issues central to the study of benefit-cost analysis, with specific topics including risk, societal distribution of impacts, limited versus national effects, the statistical value of a life and more. This book’s focus on classroom engagement makes it a valuable resource for teachers of benefit-cost analysis. Its attention to foundational and advanced concepts will be of interest to undergraduate or Master’s-level students of public policy, economics and related areas, as well as professional economists who apply benefit-cost analysis in their work.

Table of Contents:
Contents: Preface: Teaching Benefit-Cost Analysis PART I The Big Picture 1. Decision Rules William K. Bellinger 2. Triangles and All That Arnold C. Harberger 3. Defining the Baseline Charles Griffiths and Chris Dockins 4. The Concept of Standing in Benefit-Cost Analysis Richard O. Zerbe 5. Partial Equilibrium versus General Equilibrium Evaluations or Small versus Large Projects Per-Olov Johansson and Bengt Kriström 6. Benefit-cost Analysis and US Regulatory Review: Finding a Market Failure Susan E. Dudley 7. The Essentials: A Short Course for Young Professionals Gelsomina Catalano and Massimo Florio PART II Challenging Concepts and Examples 8. Valuing Statistical Lives Lisa A. Robinson 9. The Arithmetic of Efficiency—Or the Value of Marginal Analysis John Mendeloff 10. Treatment of Employing and Disemploying Workers David Greenberg 11. Uncertainty and Risk Nicholas Treich 12. On defining and valuing the benefits of health policy interventions: How and why CEA in health morphed into CU(B)A and “back-door” BCA David Salkever 13. Harmful Addiction David Weimer 14. Supplementing Benefit-Cost Analysis: Models for Transport and Land Use Decisions Emile Quinet 15. Evaluating Knowledge Projects and R&D Infrastructures with an Example Massimo Florio and Chiara Pancotti 16. Cost Estimation in Education: the Ingredients Method Clive Belfield, A. Brooks Bowden and Henry M. Levin 17. Distributional Accounting in Benefit-Cost Analysis Kerry Krutilla 18. Case Studies in the Classroom: Lessons Learned Stuart Shapiro 19. Simulation: Incorporating Uncertainty Scott Farrow Index

About the Author :
Edited by Scott Farrow, Professor of Economics, University of Maryland, Baltimore County, US

Review :
'As the feasibility of using benefit-cost analysis (BCA) as a practical tool of policy analysis has increased, so too has the need for materials to aid those of us who are called upon to teach BCA. Teaching Benefit-Cost Analysis: Tools of the Trade, edited by Scott Farrow, is a distinctive and welcome addition to the collection of such materials.' --On Balance Review


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Product Details
  • ISBN-13: 9781786435316
  • Publisher: Edward Elgar Publishing Ltd
  • Publisher Imprint: Edward Elgar Publishing Ltd
  • Height: 234 mm
  • No of Pages: 264
  • Sub Title: Tools of the Trade
  • ISBN-10: 1786435314
  • Publisher Date: 25 May 2018
  • Binding: Hardback
  • Language: English
  • Series Title: Elgar Guides to Teaching
  • Width: 156 mm


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Teaching Benefit-Cost Analysis: Tools of the Trade(Elgar Guides to Teaching)
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