Target

The target of the module is to understand and critically appraise ex-ante and ex-post project evaluation and decision support studies along different lines, such as Cost-Benefit Analysis and Decision Analysis, and to perform simple analyses themselves. The lecture imparts economic cost-benefit analysis: theoretical foundations and practices, e.g. various methods of valuing environmental resources. Cost-effectiveness analysis, decision Analysis with elements of decision theory and computer aided evaluation methods will also be discussed in this lecture.

Task

The students have to deliver a semester work. Regular participation in the lecture is expected as well as one of the following tasks: Successful completion of a student report, oral presentation or take-home written exam.