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2017　Project Management and Evaluation for Sustainable Infrastructure

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Academic unit or major
Graduate major in Global Engineering for Development, Environment and Society
Instructor(s)
Hanaoka Shinya 
Class Format
Lecture     
Media-enhanced courses
Day/Period(Room No.)
Tue1-2(I4-B04/05)  Fri1-2(I4-B04/05)  
Group
-
Course number
GEG.P502
Credits
2
Academic year
2017
Offered quarter
3Q
Syllabus updated
2017/9/15
Lecture notes updated
-
Language used
English
Access Index

Course description and aims

Infrastructures such as road and power plant are necessary for economic growth, however environmental and other negative social impacts must be minimized when investing in such infrastructures for a sustainable society. This course aims to provide the methods necessary to undertake project evaluation and cost benefit analysis based on a microeconomics background, in particular valuing market and non-market goods, and other technical issues. Case studies of various infrastructures are also provided for understanding real world applications.

Student learning outcomes

Students can understand the methods of project evaluation comprehensively. The course provides an opportunity to make a presentation after reading a selected journal paper (in English) to deepen understanding of the methods used for valuing goods.

Keywords

Project Evaluation, Cost Benefit Analysis, Non-Market Goods, Benefit Estimation Method

Competencies that will be developed

✔ Specialist skills Intercultural skills Communication skills ✔ Critical thinking skills ✔ Practical and/or problem-solving skills

Class flow

Lectures are provided in the first 70% of the course. The last 30% will comprise a presentation by each student. In his/her presentation, the student needs to select one paper from any international scientific peer-reviewed journal from any research field among the methods related to benefit estimation.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Introduction to Project Evaluation Economic Evaluation, Financial Evaluation
Class 2 Basics of Microeconomic Theory Utility Function, Consumer Surplus
Class 3 Foundations of Cost Benefit Analysis Cost Function, Social Benefit
Class 4 Valuing Benefit and Cost in Primary Markets Competitive Market, Monopoly
Class 5 Valuing Benefit and Cost in Secondary Markets Externalities
Class 6 Net Present Value Social Discount Rate
Class 7 Valuing Existence Value Existence Value
Class 8 Valuing Impacts: Observed Behavior Demand Function, Elasticity
Class 9 Valuing Impacts: Indirect Market Method(1) Value of Time, Hedonic Pricing
Class 10 Valuing Impacts: Indirect Market Method(2) Travel Cost Method
Class 11 Valuing Impacts: Stated Preference Contingent Valuation Method
Class 12 Shadow Prices from Secondary Sources Shadow Prices
Class 13 Distributionally Weighted Cost-Benefit Analysis Weighted CBA
Class 14 Cost Effectiveness Analysis Cost and Effectiveness
Class 15 How Accurate is Cost Benefit Analysis? Accuracy, Sensitivity Analysis

Textbook(s)

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.

Reference books, course materials, etc.

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

Assessment criteria and methods

Presentation (20), Report (10), Midterm and Final Examination (70)

Related courses

  • None

Prerequisites (i.e., required knowledge, skills, courses, etc.)

None

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