16232 Economics For Policy Analysis

16232 Economics For Policy Analysis

Assessment Question:

In this group assessment, 16232 Economics For Policy Analysis, students are expected to critique cost-benefit analysis. Over the next 2-3 weeks students are expected to develop a sound understanding of the limitations of cost-benefit analysis (CBA). This will include:

  • A lecture on the limitations of CBA (23 Sep. 19)
  • Reading of at least 5 articles/papers on the topic during the week from 23-29 Sep, and
  • Group discussions to reflect on and discuss their learning (starting on 30 Sep during the tutorial class).

Each group is expected to summarise the key points of their learning and discussion in an Executive Summary and a Group Video.

well-structured Executive Summary

A clear, concise and well-structured Executive Summary and a clearly presented and engaging Group Video (25 marks) should be submitted considering the below points:

  1. Provide a clear introduction to CBA (including a definition and usefulness)
  2. What are the key limitations of CBA [including any ethical (moral) concerns]
  3. How can these limitations be addressed? Do alternative approaches do better?

This subject introduces students to the application of economic principles and frameworks in the formulation and interpretation of urban planning and policy.

The importance of rigorous analysis in the context of policy formulation and interpretation is emphasised. The subject begins with an introduction to the microeconomic principles for guiding policy options.

It then explores in detail specific applications from housing, infrastructure provision and environmental valuation. The subject takes a case study approach and students apply their learning through hands-on-exercises, discussions and reports.

Recurrent themes of the subject include economic efficiency, social welfare and urban sustainability.