MAB638 - COST-BENEFIT ANALYSIS
| Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
|---|---|---|---|---|---|---|
| COST-BENEFIT ANALYSIS | MAB638 | 2nd Semester | 3 | 0 | 3 | 6 |
| Prequisites | ||||||
| Course language | Turkish | |||||
| Course type | Elective | |||||
| Mode of Delivery | Face-to-Face | |||||
| Learning and teaching strategies | Lecture Discussion Case Study | |||||
| Instructor (s) | Department members | |||||
| Course objective | The aim of this course is to enable students to use equilibrium analysis in order to evaluate the welfare effects of policy changes. | |||||
| Learning outcomes |
| |||||
| Course Content | -Cost-Benefit Analysis -Social Cost of Public Funds -Distributional Effects | |||||
| References | -Florio, M. (2014). Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies, Routledge. -Boardman, A., Greenberg, D., Vining, A. & Weimer, D. (2010). Cost-Benefit Analysis (4th Edition), Pearson. -Mishan E. J. & Quah, E. (2007). Cost Benefit Analysis (5th Edition), Routledge. | |||||
Course outline weekly
| Weeks | Topics |
|---|---|
| Week 1 | The Marginal Social Cost of Public Funds |
| Week 2 | Social Discount Rate |
| Week 3 | Shadow Prices |
| Week 4 | Calculation of Time Costs |
| Week 5 | Social Welfare Indicators |
| Week 6 | Midterm Exam |
| Week 7 | Measuring Welfare Changes: Multiple Valuation |
| Week 8 | Measuring Welfare Changes: Aggregation of Consumer Surplus |
| Week 9 | Measuring Welfare Changes: Compensating and Equivalent Variations |
| Week 10 | Measuring Welfare Changes: Willingness to Pay |
| Week 11 | Midterm Exam |
| Week 12 | Benefit-Cost Analysis: The Set of Alternative Projects |
| Week 13 | Benefit-Cost Analysis: The Impacts and Measurement Indicators |
| Week 14 | Benefit-Cost Analysis: Monetization of Impacts |
| Week 15 | Benefit-Cost Analysis: Sensitivity Analysis |
| Week 16 | Final Exam |
Assesment methods
| Course activities | Number | Percentage |
|---|---|---|
| Attendance | 0 | 0 |
| Laboratory | 0 | 0 |
| Application | 0 | 0 |
| Field activities | 0 | 0 |
| Specific practical training | 0 | 0 |
| Assignments | 0 | 0 |
| Presentation | 1 | 15 |
| Project | 0 | 0 |
| Seminar | 0 | 0 |
| Midterms | 2 | 30 |
| Final exam | 1 | 55 |
| Total | 100 | |
| Percentage of semester activities contributing grade succes | 3 | 45 |
| Percentage of final exam contributing grade succes | 1 | 55 |
| Total | 100 | |
WORKLOAD AND ECTS CALCULATION
| Activities | Number | Duration (hour) | Total Work Load |
|---|---|---|---|
| Course Duration (x14) | 14 | 3 | 42 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Specific practical training | 0 | 0 | 0 |
| Field activities | 0 | 0 | 0 |
| Study Hours Out of Class (Preliminary work, reinforcement, ect) | 14 | 3 | 42 |
| Presentation / Seminar Preparation | 1 | 16 | 16 |
| Project | 0 | 0 | 0 |
| Homework assignment | 0 | 0 | 0 |
| Midterms (Study duration) | 2 | 15 | 30 |
| Final Exam (Study duration) | 1 | 50 | 50 |
| Total Workload | 32 | 87 | 180 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
| D.9. Key Learning Outcomes | Contrubition level* | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1. The student deepens the knowledge acquired at the undergraduate level in its own field or in a different field, and explains the interaction between fields. | X | ||||
| 2. The student has knowledge and interpretation skills about economic and fiscal phases of societies and relations between societies. | X | ||||
| 3. The student has researching, planning and realization skills which are necessary for his/her field. | X | ||||
| 4. The student has the knowledge he/she must reach by processing data, at a theoretical level. | X | ||||
| 5. The student can solve a problem in his/her field as an individual and within a team, being aware of leadership responsibility. | X | ||||
| 6. The student can prepare reports and works in accordance with academic rules in the light of the knowledge he/she acquired in his/her field. | X | ||||
| 7. For problems he/she identified in his/her field, he/she makes suggestions of solution and/or solutions by using researh methods. | X | ||||
| 8. . The student can direct his/her education to a higher education program or a professÅŸon in his/her field. | X | ||||
| 9. The student is aware of the cotinuity of education and learning. He/she has a open attitude towards change and innovation. | X | ||||
| 10. The student can transfer fundamental knowledge he/she has in his/her field in a written and spoken manner to interested parties. | X | ||||
| 11. The student has the sufficient level of awareness of social rights, social justice, quality and cultural values environment protection, business health and security. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest