Note: This is an archived Handbook entry from 2011.
|Dates & Locations:|| |
This subject has the following teaching availabilities in 2011:February, Parkville - Taught online/distance.
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: 14 hours per week online learning and discussion and related assessment |
Total Time Commitment: This subject is run over an 8-week period as opposed to a standard 12 week semester subject. It is recommended that students devote 14 hours per week to this subject over 8 weeks.
|Recommended Background Knowledge:||Nil|
|Non Allowed Subjects:||Nil|
|Core Participation Requirements:||
Students will need to regularly access an internet-enabled computer. Competency in MS Excel will be required.
For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/
CoordinatorAssoc Prof Bill Malcolm
Melbourne School of Land & Environment Student Centre
Ground Floor, Land & Food Resources (building 142)
Phone: 13 MELB (13 6352)
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.
|Objectives:||Information Not Available|
Online discussion participation (20%) *Online discussion is an integral component of this subject - a minimum grade of 50% is required in this component.
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|
It is expected students will develop:
Master of Agribusiness (Coursework) |
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