Development of a Tropical Island

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Presentation transcript:

Development of a Tropical Island Cost Benefit Analysis

Aims All: An introduction to the case study Most: All economic decisions have alternatives, with each one there is a cost & a benefit Some: How to evaluate an economic decision from a cost benefit perspective.

An introduction to the case study (reading to learn) Individually read the case study Take notes about key points of information In pairs share your notes Break your notes into 2 areas: Benefits of each option Costs of each option

Hotel - $150 Million + $50 Million for every 100 rooms

Water Park - $145 Million

Bush Walking Trail - $16.5 Million

Beach Games - $1.2 Million

A Marina (a boat car park) - $115.2 Million

A Reef Pontoon - $27.6 Million

Environmental Park - $19.5 Million

Cost / Benefit Making choices of options for investments Which option has the most costs? Which options bring the biggest benefits? What would be the outcome of choosing / not choosing an investment option?

What does the cartoon say?

Cost / Benefit Analysis Option Cost Benefit Downside if not built Hotel “Aqua” Park Island Activities Beach Games Marina Reef Pontoon Environmental Park Environmental Protection

Cost / Benefit Which options for investment on Aqua Island would you choose and why? Think cost / benefit Fully analyse all options and their costs and benefits.

Damage to the Great Barrier Reef http://www.greatbarrierreef.com.au/informat ion/great-barrier-reef-threats/ http://www.smh.com.au/photogallery/enviro nment/coral-damage-on-the-great-barrier- reef-20121001-26uzi.html?selectedImage=1