Chapter 0 Organization session ECON 4120 Applied Welfare Econ & Cost Benefit Analysis Memorial...
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Transcript of Chapter 0 Organization session ECON 4120 Applied Welfare Econ & Cost Benefit Analysis Memorial...
Chapter 0
Organization session
ECON 4120Applied Welfare Econ & Cost Benefit Analysis Memorial University of Newfoundland
INTRODUCTION The prof The students The material The textbooks The aids The way to do it right! The grading
The Prof:Rober Martinez-Espineira
“Rober”
email: [email protected]
AA 3087
E-mail only from your MUN account!!!
The Prof: Office hours (posted on-line and on my office
door):
TUE 2:00-3:30 and 5:00-6:00
THU 1:30-3:30 or by appointment
The students Names? Why are you here? What are you going to do next? When did you take Microeconomics last?
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
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 of the 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
The textbooks Boardman, Anthony E., David H. Greenberg,
Aidan R. Vining, and David L. Weimer. Cost-Benefit Analysis: Concepts and Practice. 3rd ed., (Upper Saddle River, NJ: Pearson Prentice Hall, 2006)
The textbooks We will use other books from time to time
and suggest additional readings
The aids course outline and online course
schedule on website PowerPoint presentations and or
class notes online Home assignments
The aids Check your e-mails and website
frequently We will be working little by little but
continuously There will be frequent assignments
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
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!
The grading system 2 quizzes 25% (Your worst quiz will be 10% and the best quiz will be 15%)
Home assignments 15% Essay 15% Final exam 45%
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 10% per day up to the day when the solutions are posted.
Questions? Any questions? Any suggestions? Any complaints?
NEXT Introduction to CBA and Welfare Economics Get the book and read the first chapter