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.

2023W, VO, 2.0h, 3.0EC, to be held in blocked form


  • 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


Mode of examination




Course dates

Wed10:00 - 12:0011.10.2023Seminarraum EBEG-2 - RPL First introductory lecture
Wed10:00 - 12:0029.11.2023Seminarraum EBEG-3 - RPL Questions & answers (Q&A), preparation for the exam
Wed10:00 - 12:0010.01.2024Seminarraum EBEG-3 - RPL Questions & answers (Q&A), preparation for the exam
Wed10:00 - 12:0021.02.2024Seminarraum EBEG-3 - RPL Questions & answers (Q&A), preparation for the exam
Course is held blocked

Examination modalities

Written exam


DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Mon16:00 - 18:0023.09.2024 ONLINE Exam - OPEN BOOK - Tuwel Linkwritten23.08.2024 12:00 - 20.09.2024 13:00TISS6. Prüfung WiSe 2023 - ONLINE PRÜFUNG - Gruppe A

Course registration

Begin End Deregistration end
30.08.2023 00:00 18.10.2023 00:00


Study CodeObligationSemesterPrecon.Info
066 440 Spatial Planning Mandatory elective


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