Course # 58102 Section Number 1 Day(s) Tu Time(s) 6:00pm-8:50pm Term Spring 2024 Course Instructor Robert Kaestner 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 Spring 2024 Economic Analysis II: Introduction to Cost Benefit Analysis Robert Kaestner Tuesday 6:00pm-8:50pm Recent News Alumni Profile: Geet Chawla, MPP’21 Thu., September 21, 2023 Ali Fendrick and Troy Boyd Jr., Both AM'19, Apply Harris Toolkit to Schools in Chicago Wed., September 20, 2023 More news Upcoming Events Application Drop In Mon., September 25, 2023 | 3:00 PM Impact Investing and ESG Evening Reception with Kamran Khan, Gabriel Presler, and Professor Justin Marlowe Tue., September 26, 2023 | 5:00 PM Gleacher Center 450 N. Cityfront Plaza Dr. Room 300 Chicago, IL 60611 United States More events