API-139M: Benefit-Cost Analysis

Semester: Spr Mod3

Credit: 0.5

Syllabus: Click here for syllabus


Day Time Location
First Day 1/28
Meet Day T/Th 2:40 PM - 4:00 PM RG-20


Benefit-cost analysis is a widely used set of tools for evaluating alternative policies and specific projects. This module covers the basic components of such analysis, including estimating impacts, valuing outcomes using market prices, valuing outcomes (such as environmental quality, health, and longevity) that are not as easily measured in monetary terms, and the  treatment of uncertainty. Class sessions use a mix of lectures, discussion, and case studies to explore practical issues in conducting such analyses as well as conceptual and theoretic foundations. The module is intended both for those interested in conducting benefit-cost analyses and for those who wish to become more informed consumers or critics of such analyses.

The instructors will assume that students have some prior training in microeconomics at the level of API-101 or API-105 or higher, or equivalent courses taken prior to HKS. Students unsure of the adequacy of their preparation should meet with one of the instructors.