Project Evaluation

Subject 208-620 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2009:

February, - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable

Subject delivery utilises the University of Melbourne Learning Management System.

Subject materials, readings, learning activities including online discussion are incorporated into the subject database.

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 15 hours per week online learning and discussion and related assessment
Total Time Commitment: Estimated total time commitment (including non-contact time): 120 hours.
Prerequisites: Nil
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements: Students will need to regularly access an internet-enabled computer. Competency in MS Excel will be required.


Assoc Prof Bill Malcolm


Associate Professor Bill Malcolm
Subject Overview:

In this subject students will be introduced to the theory and practice of social benefit cost analysis. The subject will include: revision of foundation economic principles underlying social benefit cost analysis; principles of investment; discounting the effects of time on the value of benefits and costs; rationale for identification of primary and secondary benefits and costs; methods of valuation - market and non-market valuation; validity of multiplier effects; accounting for risk and uncertainty an analyses.

A benefit cost analysis of a significant public investment project will be conducted.


Online discussion participation (20%)

1 x Case Study Analysis (40%)

1 x Take Home Exam (40%)

Prescribed Texts: Sinden, J.A. and Thampapillai, D.J. (1995). Introduction to Benefit-Cost Analysis. Longman, Melbourne
Recommended Texts: Wills, I. (2006). Economics and the Environment: a Signally and Incentives Approach. 2nd Edition. Allen & Unwin, Crows Nest, N.S.W.
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

It is expected students will develop:

  • A profound respect for truth, intellectual and professional integrity and the ethics of scholarship
  • Capacity for independent critical thought, rational inquiry and self-directed learning and research
  • Ability to derive, interpret and analyse information from primary and other sources in addressing specific management problems and decision making
  • Ability to integrate information across related management disciplines to solve problems in applied situations
  • Highly developed written communication skills to allow informed dialogue with individuals and groups from industry, government and the community
  • Ability to collaborate, exchange ideas and debate across on-line learning platforms
  • Ability to plan, use time effectively and manage small projects.
Related Course(s): Master of Agribusiness (Coursework)

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