Outline of lecture

This course aims to provide the methods necessary to undertake project evaluation and cost benefit analysis for sustainable infrastructure. The methods comprise of microeconomics background, cost benefit analysis, valuing market and non-market goods, and other technical issues. Case studies of various infrastructures are also provided.

Purpose of lecture

This course aims to provide the methods necessary to undertake project evaluation and cost benefit analysis for sustainable infrastructure. The methods comprise of microeconomics background, cost benefit analysis, valuing market and non-market goods, and other technical issues. Case studies of various infrastructures are also provided.

Plan of lecture

1.Introduction to Project Evaluation
2.Foundations of Cost Benefit Analysis
3.Valuing Benefits and Costs in Primary Markets
4.Discounting Benefit and Cost, Existence Value
5.Valuing Impacts: Observed Behavior
6.Valuing Impacts: Contingent Valuation
7.Cost Effective Analysis, How Accurate

Textbook and reference

Boardman, A. E., Greenberg, D. H., Vining, A. R. and Weimer, D. L. (2010)
Cost Benefit Analysis: Concepts and Practice (4th Edition), Prentice Hall College.

Varian, H.R. (2003)
Intermediate Microeconomics: A Modern Approach 6th Edition,
W.W.Norton and Company.

UNESCAP (2007)
Sustainable Infrastructure in Asia -Overview and Proceedings-.

Related and/or prerequisite courses

70029 Introduction to Economics for Engineers (Dr. Abe)

Evaluation

Presentation, Report, Midterm and Final Exam.