Principles of Cost-Benefit Analysis in a Canadian Context, 1st edition

  • Peter C. Townley

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Overview

Appropriate for introductory Cost-Benefit Analysis (CBA) courses found primarily in Economics and Public Administration faculties at the university level. Secondary markets include Engineering, Geography, Health Economics and Agriculture faculties. This text covers a wide range of topical CBA. areas, offers lots of practical examples illustrating the theory, is accessible to a diverse group of students, and uses Canadian cases. It is designed to prepare readers to participate on a project evaluation team or to assess the cost-benefit analyses of others. The author believes that students learn more from their own mistakes and the errors of others than from learning only “correct” methodology. Therefore, throughout this text common methodological errors and potential pitfalls are carefully discussed.

Table of contents

I. INTRODUCTION.

 1. Cost-Benefit Analysis.

II. BACKGROUND.

 2. Discounting — Dealing With Time.

 3. Time-Stream Evaluation and Investment Criteria.

 4. A Review of Basic Microeconomics.

III. ASSESSING COSTS AND BENEFITS.

 5. The Measurement of Welfare Change.

 6. Correcting Market Distortions: Shadow Prices, Wages and Discount Rates.

 7. Valid Valuations — Problems in Project Evaluation.

 8. Public Enterprise Pricing Rules.

 9. The Valuation of Intangibles.

10. Dealing with Risk and Uncertainty.

IV. CASES.

Case 1. The Northumberland Strait Fixed Crossing Project.

Case 2. The Trans Labrador Highway Project.

Case 3. The Rafferty-Alameda Dams Project.

V. CONCLUSION.

Glossary.

Bibliography.

Index.

Published by Pearson Canada (October 17th 1997) - Copyright © 1998