Course overview
This course provides hands-on experience in structuring assessment of, and applying modelling solutions to, real-world problems of resource use and allocation.
Students will develop skills to assess decision-making outcomes at operational and higher levels.
The course begins with an introduction to a set of clear theoretical foundations as a basis for skill development. A selection of analytical frameworks for conducting cost-benefit analysis will follow. Techniques learned will allow students to assess the current state of business or policy setting and evaluate potential improvements to enhance profitability, sustainability, and human outcomes while accounting for limited business, government or social resources.
Course learning outcomes
- Demonstrate an in-depth understanding of the key theoretical and practical aspects of conducting a Cost-Benefit Analysis
- Develop a Cost-Benefit Analysis using relevant modelling assumptions or approximations
- Communicate with experts and non-experts the inputs to and results from a Cost-Benefit Analysis
- Evaluate risk and uncertainty in decision-making within a Cost-Benefit Analysis framework
- Critically evaluate the ethical and social consequences of decision-making using Cost-Benefit Analysis
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The Student Contribution amount displayed below is for students commencing a new program from 2021 onwards. If you are continuing in a program you commenced prior to 1 January 2021, or are commencing an Honours degree relating to an undergraduate degree you commenced prior to 1 January 2021, you may be charged a different Student Contribution amount from the amount displayed below. Please check the Student Contribution bands for continuing students here. If you are an international student, or a domestic student studying in a full fee paying place, and are continuing study that you commenced in 2025 or earlier, your fees will be available here before enrolments open for 2026.