Applied Benefit: Cost Analysis – Measuring Benefits
Benefit: Cost Analysis is one of the most important and widely used tools of economics. It supports improved decision making about projects and policies by providing a systematic, logical, transparent, and consultative approach to evaluating and prioritising them. This unit builds off existing qualifications and knowledge of the previous course (Applied Benefit: Cost Analysis - The Essentials).
In this micro-credential, participants will learn how to estimate and calculate the monetary value of various types of benefits from a project or policy. The course is suitable for learners who have had foundation knowledge and skills in running BCA. Examples in this micro-credential focus on agriculture and environmental management, but the material presented is applicable in many other contexts.
The micro-credential takes an applied approach, aiming to provide participants with knowledge and core skills needed to conduct a Benefit: Cost Analysis themselves. As part of this, each participant will construct their own well-designed spreadsheet representing a variety of different types of benefits.
The academic objectives are to understand the concepts and principles in measuring all expected benefits and to learn how to apply it to evaluate real projects and policies in a logical and concise way.
Upon successful completion of this micro-credential, you'll receive:
- Two PD Points
- A Certificate of Achievement
- A UWA Plus Professional Development Transcript, listing all successfully completed micro-credentials
- Delivery mode
- Course dates
- 2024 availability will be updated soon
- To discuss the option of a self-paced version of the course, contact the course coordinator, [email protected]
- 4 weeks
- 50 hours
- Lectures: 8 x 45-minute online lectures Workshops: 4 x 1-hour online workshops Self-directed learning: 40 hours
- Academic lead
- David Pannell
- $440 inc. GST
- A 25% discount is available for bulk enrolments (5 or more) Generous bursaries are available for students from developing countries. Contact [email protected] for details.
- Critical information summary
- SCIEM522 Applied Benefit: Cost Analysis (PDF 243KB)
Know different types and ways of calculating all expected benefits of a project or policy
Apply key theoretical and practical aspects of market value to measure different types of expected benefits of a project or policy to different stakeholders
Construct a spreadsheet to do the required calculations for a sound Benefit: Cost Analysis
Use suitable criteria and proper methods for benefit transfer
Understand practical issues in measuring the benefits of a project or policy