The course covers economic, financial and social cost-benefit analysis in competitive, distorted and failed market settings, impact analysis, cost effectiveness analysis, as well as the identification and valuation of costs and benefits associated with natural resource and environmental degradation. Students are taught how to construct a cashflow using spreadsheet excel following the methodology developed by Campbell & Brown, Students will also learn how to compute Net Present Value, Internal Rate of Return and other decision criterias. The course ends with a brief overview of PNG's project cycle.
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- Campbell, H & R. Brown 2003, Benefit-Cost Analysis: Financial and Economic Appraisal using Spreadsheet,CUP, Cambridge.