Applied Benefit: Cost Analysis – Practical Issues
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 micro-credential is for students who have some existing knowledge of Benefit: Cost Analysis, including knowledge of the essential concepts and methods used (e.g., through having completed SCIEM521) and knowledge of how to estimate and calculate the monetary values of various types of project benefits (e.g., through having completed SCIEM522). In this micro-credential, students develop their skills in applying the technique in practical situations.
Challenges in completing a Benefit: Cost Analysis are presented and strategies for overcoming those challenges are provided. It covers a variety of practical issues, including obtaining the required information, representing project risks, handling uncertainty, conducting sensitivity analysis, reporting results and avoiding traps and errors.
The objective is for graduates from the course to be fully equipped to apply Benefit: Cost Analysis to real projects.
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
- 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
- SCIEM523 Applied Benefit: Cost Analysis (PDF 243KB)
Know how to obtain information for conducting a Benefit: Cost Analysis
Know how to avoid a range of traps and errors when conducting a Benefit: Cost Analysis
Know how to represent practical complexities in a Benefit: Cost Analysis spreadsheet
Conduct an informative sensitivity analysis of a Benefit: Cost Analysis
Demonstrate knowledge and skills in avoiding traps and complex practical issues in conducting a Benefit: Cost Analysis of a project or policy
Prepare a effective report for decision makes based on a Benefit: Cost Analysis