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NA0153

Cost Benefit Analysis of Agricultural and Environmental Projects

Many decisions regarding cost and benefits of different tasks are made in everyday life. For example, a household compares costs and benefits from buying a new environmentally friendly car. The cost benefit tests are also carried out for much larger projects such as changes in national transport systems. Common to most projects is the need for attaching costs and benefits to different items which can be difficult to assess such as the value of life or cost of the risk for future catastrophic events from, e.g., nuclear power works. The purpose of this course is to give theoretical and empirical knowledge on design of cost benefit studies applied mainly on environmentally related projects. After passing the course, the students will

- be able to determine whether or not a project is suitable for cost benefit analysis
- analyse the concept of social cost
- have knowledge on different techniques for cost and benefit estimates
- give account of what factors can have dramatic impacts on the estimated cost and benefits
- know how to account for intangible costs or benefits of a project
- describe the impact of time perspective on the outcome of a project
- know how to account for distributional impacts of a project on for example different
households and regions
- analyse the possibilities and limitations of CBA

NA0153 Cost Benefit Analysis of Agricultural and Environmental Projects, 7.5 Credits

Cost Benefit Analysis of Agricultural and Environmental Projects

Syllabus approved

2013-09-12

Subjects

Environmental science Economics

Education cycle

Second cycle

Modules

Title Credits Code
Economics 7.50 1002

Advanced study in the main field

Second cycle, only first-cycle courses as entry requirements(A1N)

Grading scale

5:Pass with Distinction, 4:Pass with Credit, 3:Pass, U:Fail The requirements for attaining different grades are described in the course assessment criteria which are contained in a supplement to the course syllabus. Current information on assessment criteria shall be made available at the start of the course.

Language

English

Prior knowledge

Skills equivalent to 180 credits, including 90 credits in economics.
Skills equivalent to English B from upper secondary school.

Objectives

Many decisions regarding cost and benefits of different tasks are made in everyday life. For example, a household compares costs and benefits from buying a new environmentally friendly car. The cost benefit tests are also carried out for much larger projects such as changes in national transport systems. Common to most projects is the need for attaching costs and benefits to different items which can be difficult to assess such as the value of life or cost of the risk for future catastrophic events from, e.g., nuclear power works. The purpose of this course is to give theoretical and empirical knowledge on design of cost benefit studies applied mainly on environmentally related projects. After passing the course, the students will

- be able to determine whether or not a project is suitable for cost benefit analysis
- analyse the concept of social cost
- have knowledge on different techniques for cost and benefit estimates
- give account of what factors can have dramatic impacts on the estimated cost and benefits
- know how to account for intangible costs or benefits of a project
- describe the impact of time perspective on the outcome of a project
- know how to account for distributional impacts of a project on for example different
households and regions
- analyse the possibilities and limitations of CBA

Content

Topics described and analysed are:
- comparison of different cost and benefit estimation techniques
- the role and choice of appropriate discount rate
- considerations of distributional incidences of projects (for example among household
groups, regions, or different production sectors)
- financial analysis techniques such as break even analysis, option value, net present value and
internal rate of return
- cost effectiveness and computable general equilibrium analyses
- development of own CBA case studies

Formats and requirements for examination

Project task and exercises.
Passed project task and exercises.
  • If the student fails a test, the examiner may give the student a supplementary assignment, provided this is possible and there is reason to do so.
  • If the student has been granted special educational support because of a disability, the examiner has the right to offer the student an adapted test, or provide an alternative assessment.
  • If changes are made to this course syllabus, or if the course is closed, SLU shall decide on transitional rules for examination of students admitted under this syllabus but who have not yet passed the course.
  • For the examination of a degree project (independent project), the examiner may also allow the student to add supplemental information after the deadline. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.

Other information

  • The right to take part in teaching and/or supervision only applies to the course date to which the student has been admitted and registered on.
  • If there are special reasons, the student may take part in course components that require compulsory attendance at a later date. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.

Responsible department

Department of Economics

Further information

Determined by: Utbildningsutskottet för ekonomi, miljö och teknik
There are no Grading criteria posted for this course

Course facts

The course is offered as an independent course: Yes The course is offered as a programme course: Agricultural Economics and Management - Master´s Programme Environmental Economics and Management - Master´s Programme Agriculture Programme - Economics and Management (270 hec) Agriculture Programme - Economics and Management Agricultural, Food and Environmental Policy Analysis (AFEPA) - Master´s Programme Agricultural Economics and Management - Master´s Programme Tuition fee: Tuition fee only for non-EU/EEA/Switzerland citizens: 13082 SEK Cycle: Second cycle
Subject: Environmental science Economics
Course code: NA0153 Application code: SLU-10248 Location: Uppsala Distance course: No Language: English Responsible department: Department of Economics Pace: 50%