HS 610: Cost-Benefit Analysis

The`` welfare` and` Philosophical` foundations` of`` cost-benefit analysis - efficiency``` and``` distribution - Decision`` rules``` in appraising` cost and benefits of long-term projects - the` social rate` of discount, social time preference rate,` the` opportunity cost - the` valuation of cost and benefits, surrogate` prices - Risks and uncertainty - Cost-benefit analysis as a technique of `project` appraisal - Some case studies.

Texts/References

E.J. Mishan, Cost-Benefit Analysis, Allen and Unwin, 1973.

I.M.D.` Little` and` J. Mirrlees, Manual` of` Industrial` Project Analysis in Developing Countries, Vol.II, O.E.C.D., , 1969

A.K. Dasgupta and C.W. Pearce, Cost-Benefit Analysis : Theory and Practice, Macmillan, , 1972.