Cost Benefit Analysis Workshop for Beginners

This is a foundation programme for officers who want an overview of key introductory economic concepts and their application to Cost-Benefit Analysis, a structured and quantitative method, to determine whether a proposed policy has net positive or negative impacts on society.

• Examine the key introductory economic concepts in CBA and how they can be applied in policy work.
• Identify different stakeholder groups that could be affected by a proposed policy.
• Describe different methods for measuring and quantifying monetary and non-monetary costs and benefits, including those that are intangible.
• Examine the concepts of sensitivity and risk analysis, and how they can improve the robustness of CBA.
• Recognise the limitations and the appropriate role of CBA in the policy process.
• Illustrate the CBA process through case studies and Excel-based exercises.