Course # 58102 Section Number 1 Day(s) Tu Time(s) 6:00pm-8:50pm Term Winter 2024 Course Instructor Robert Kaestner Syllabus Syllabus 11/29/2023 Harris EMP Students Only. The goal of Economic Analysis II is to continue the analysis of microeconomics with an emphasis on understanding cost benefit analysis. Cost-benefit analysis (CBA) is the primary tool used to provide quantitative evidence to inform public policy decisions. Ideally, CBA will improve the efficiency of public policy by identifying public policies/projects that create the most “value” for society. The concept of CBA is easily understood. For any project/policy under consideration (versus current state of the world), do the following: add up all of the current and future monetary costs of the project/policy; add up all of the current and future monetary benefits of the project/policy; and then compare the benefits to costs. If benefits are greater than costs, then the project/policy is candidate to be implemented. Seems straightforward, right? Conceptually it is pretty straightforward, although there are some thorny theoretical and philosophical issues that arise. The conceptual difficulties, while important, are few in comparison, however, to the practical difficulties associated with conducting a CBA. This course will review the theoretical/conceptual foundations of CBA as applied in the public sector. The course will also review some of the philosophical issues central to the validity of CBA and practical difficulties in conducting CBA. Notes Harris EMP Students Only Course Prerequisite Harris part-time students only (PPPT-MA plan only) Quarter Title Instructor Day(s) Time(s) Syllabus Winter 2024 Economic Analysis II: Introduction to Cost Benefit Analysis Robert Kaestner Tuesday 6:00pm-8:50pm Syllabus Spring 2024 Economic Analysis II: Introduction to Cost Benefit Analysis Robert Kaestner Tuesday 6:00pm-8:50pm Syllabus Recent News More news Alumni Profile: Alexandria Porter, PAC'23 Thu., May 16, 2024 10 Years at BIP Lab: Co-Founder Ariel Kalil on a Decade of Behavioral Insights and What Comes Next Tue., May 14, 2024 Cynthia Ma, MPP Class of 2025 Tue., May 14, 2024 Upcoming Events More events PKU-UChicago Summer School General Webinar with Alumni Perspectives Tue., May 21, 2024 | 8:30 PM Harris Evening Master's Program - Virtual Class with John Burrows Wed., May 22, 2024 | 5:00 PM Ask Admissions: SDG Challenge Program for High School Students Mon., May 27, 2024 | 8:30 PM