A method to compare the costs of implementing a program with its expected benefits to determine its cost-effectiveness.
Concepts of Cost-benefit Analysis: This topic covers the definition of Cost-benefit analysis, the benefits of cost-benefit analysis, and how to conduct a cost-benefit analysis.
Benefits and Costs: This topic covers the identification, valuation, and estimation of benefits and costs.
Discounting: This topic covers how to discount future costs and benefits to their present value.
Sensitivity Analysis: This topic covers how to test the sensitivity of the cost-benefit analysis to different assumptions and parameters.
Decision Criteria: This topic covers how to use decision criteria to determine whether the project is worth investing in based on the results of the cost-benefit analysis.
Data Sources: This topic covers how to identify and gather data for the cost-benefit analysis.
Uncertainty: This topic covers how to account for and manage uncertainties in the cost-benefit analysis.
Equity Analysis: This topic covers how to analyze the distribution of benefits and costs among different groups in society.
Legal and Regulatory Considerations: This topic covers how to comply with legal and regulatory requirements in the conduct of the cost-benefit analysis.
Stakeholder Analysis: This topic covers how to identify and involve stakeholders in the cost-benefit analysis process.
Conventional cost-benefit analysis: This approach focuses on determining the economic costs and benefits of a project or policy.
Cost-effectiveness analysis: This approach focuses on comparing the costs of alternative interventions or policies against their outcomes or effectiveness.
Cost-utility analysis: This approach aims to measure the impact of a policy or intervention in terms of its effect on quality of life or well-being.
Social return on investment analysis: This approach seeks to assess a project or policy's social, environmental, and economic impact.
Multi-criteria decision analysis: This approach involves the use of multiple criteria to evaluate and compare different options.
Distributional cost-benefit analysis: This approach considers how the costs and benefits of a policy or project are distributed across different groups or stakeholders.
Dynamic cost-benefit analysis: This approach assesses the long-term costs and benefits of a policy or project over time, accounting for changes in economic, social, and environmental conditions.
Macro-economic cost-benefit analysis: This approach assesses the overall impact of a policy or intervention on the economy, including its effect on GDP, employment, and other macroeconomic indicators.
Non-market valuation: This approach seeks to assign a monetary value to non-market goods and services, such as environmental or social benefits, that are not traded in markets.