1. ECON 6012 Cost Benefit Analysis Memorial University of Newfoundland
Chapter 0
Organization session

2. INTRODUCTION The prof The students The material The textbooks The aids
The way to do it right!
The grading

3. Rober Martinez-Espineira
The Prof:
Rober Martinez-Espineira
“Rober”
AA 3087
only from your MUN account!!!

4. Office hours (posted on-line and on my office door):
The Prof:
Office hours (posted on-line and on my office door):
TUE 1:30 to 4:00, WED 12:45 to 13:45
or by appointment

5. The students Names? Why are you here? What are you going to do next?
When did you take Microeconomics last?

6. The objectives Cost Benefit Analysis
Improving your knowledge about Welfare Economics and the ethical and normative foundations of Economics
To equip you with the skills needed to interpret and advise on basic cost-benefit analysis
To improve your capacity to critically assess instances of public policy

7. The objectives
understand the principles behind the theory of market failure and its regulation
interpret basic empirical examples of cost-benefit analysis and communicate the results to stakeholders
critically assess the advantages and limitations of using cost-benefit analysis to inform public policy
determine when a cost benefit analysis may be performed in a meaningful way
perform basic project analyses
identify limitations in modeling assumptions, data, or political concerns that may compromise the validity of a cost-benefit analysis study

8. The textbooks
Boardman, Anthony E., David H. Greenberg, Aidan R. Vining, and David L. Weimer. Cost-Benefit Analysis: Concepts and Practice. 4th ed., (Upper Saddle River, NJ: Pearson Prentice Hall, 2011)

9. The textbooks
We will use other books from time to time and suggest additional readings

10. The aids course outline and online course schedule on website
PowerPoint presentations and or class notes online
Home assignments

11. The aids Check your e-mails and website frequently
We will be working little by little but continuously
There will be frequent assignments

12. The way to get it right Reading the chapters before coming to class
Taking useful notes in class or annotating over the printouts from my website
Going back to the book and the readings after the class
Coming to see me to solve doubts
Doing the home assignments

13. The way to get it right There is no way to pass this on swoting
Trying to catch up on the last two weeks is not going to work
The way to understanding the material is by doing the reading as we learn it
Ask me if you need help!

14. The grading system
If you miss a quiz, the weight will be reallocated towards the final exam. Late submissions of assignments will be penalized at the rate of 5% per day

15. Questions?
Any questions?
Any suggestions?
Any complaints?

16. NEXT Introduction to CBA and Welfare Economics
Get the book and read the first chapter