2020 Project Evaluation for Sustainable Society

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Academic unit or major
Graduate major in Global Engineering for Development, Environment and Society
Hanaoka Shinya 
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Course description and aims

Infrastructures such as road are necessary for our daily life and economic growth, however environmental and other negative social cost 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 non-market goods, and other technical issues. Case studies are also provided for understanding real world applications.

Student learning outcomes

Students can understand the concept and methods of project evaluation comprehensively and show the guidance of project evaluation.


Project Evaluation, Cost Benefit Analysis, 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 and a few exercises are provided in the course and the final exam is also taken.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Introduction to Project Evaluation Economic Evaluation, Financial Evaluation
Class 2 Foundations of Cost Benefit Analysis Cost Function, Social Benefit
Class 3 Valuing Benefit and Cost Competitive Market, Monopoly
Class 4 Net Present Value Social Discount Rate
Class 5 Valuing Impacts: Indirect Market Method(1) Externality, Value of Time
Class 6 Valuing Impacts: Indirect Market Method(2) Hedonic Pricing, Travel Cost Method
Class 7 Valuing Impacts: Stated Preference Contingent Valuation Method

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.


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. (2010) Intermediate Microeconomics- A Modern Approach: 8th Edition, W.W.Norton and Company.

Assessment criteria and methods

Exercise and Report (35), Final Examination (65)

Related courses

  • CVE.D403

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


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