280.944 Benefit-Cost Analysis
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2021W, VO, 2.0h, 3.0EC, to be held in blocked form
Lecture TubeTUWEL

Course evaluation

Properties

  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VO Lecture
  • LectureTube course
  • Format: Presence

Learning outcomes

After successful completion of the course, students are able to...

understand the principles of benefit-cost analysis in detail, and to apply economic valuation methods (e.g. for public goods and externalities).

Learning goals:

*Comprehensive knowledge about the foundations and principles of benefit-cost Analysis •Welfare economics •Discounting *Overview and understanding of methods for the economic valuation and monetization of public goods •Revealed – stated preferences •Ecosystem services *Strengths and weaknesses of benefit-cost analyses *Application of benefit-cost analysis

Subject of course

*Introduction: economics and the bare bones of benefit-cost analysis  •Economics and scarce resources  •Economics and the Environment   -Ecosystem services and the economics efficient (optimal) quality of the environment  •Public goods, externalities – a brief repetition *Structure and process of a benefit-cost analysis  •Benefits and Costs of the Donauauen National Park, Austria *Basics of Welfare Economics  •Supply and demand  •Utility, willingness-to-pay, willingness-to-accept *Discounting  •Valuation of future events  •Uncertainties, risks: sensitivity analyses *Economic valuation of public goods and services  •Ecosystem services & different kinds of values  •Methods of environmental valuation: revealed & stated preference *Revealed preferences and cost-based methods *Specific topics: valuation of health impacts & of time *Stated preferences  •Contingent valuation  •Choice experiments *Best practice guidance for stated preference surveys

Teaching methods

Lectures

Mode of examination

Written

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Wed09:00 - 11:0020.10.2021Seminarraum EBEG-2 (LIVE)First introductory lecture
Wed10:00 - 12:0001.12.2021 Via Zoom: https://tuwien.zoom.us/j/9418363301 (LIVE)Questions & answers (Q&A), preparation for the exam
Tue09:00 - 10:0011.01.2022 Via Zoom: https://tuwien.zoom.us/j/9418363301 (LIVE)Questions & answers (Q&A), preparation for the exam
Thu16:00 - 18:0024.02.2022 Via Zoom: https://tuwien.zoom.us/j/9418363301 (LIVE)Questions & answers (Q&A), preparation for the exam
Course is held blocked

Examination modalities

Written exam

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Mon16:00 - 18:0028.02.2022 Online Exam - Tuwel Link - OPEN BOOK EXAMwritten28.01.2022 12:00 - 25.02.2022 12:00TISS3. Prüfung WiSe 2021 - ONLINE PRÜFUNG - Gruppe A
Mon16:00 - 18:0028.02.2022 Online Exam - Tuwel Link - OPEN BOOK EXAMwritten28.01.2022 12:00 - 25.02.2022 12:00TISS3. Prüfung WiSe 2021 - ONLINE PRÜFUNG - Gruppe B
Mon16:00 - 18:0025.04.2022 ONLINE EXAM - Tuwel Link - OPEN BOOK EXAMwritten25.03.2022 12:00 - 22.04.2022 12:00TISS4. Prüfung WiSe 2021 - ONLINE PRÜFUNG - Gruppe A
Mon16:00 - 18:0025.04.2022 ONLINE Prüfung - Tuwel Link - OPEN BOOK Prüfungwritten25.03.2022 12:00 - 22.04.2022 12:00TISS4. Prüfung WiSe 2021 - ONLINE PRÜFUNG - Gruppe B

Course registration

Begin End Deregistration end
01.09.2021 00:00 20.10.2021 00:00

Curricula

Study CodeSemesterPrecon.Info
066 440 Spatial Planning

Literature

No lecture notes are available.

Previous knowledge

Courses of earlier semesters: VU Ökonomische Methoden der Projektbewertung - Economic Evaluation of Projects (Master); advantage. Principles of Economics; Public Finance and Infrastructure Economics

Preceding courses

Language

English