COURSE UNIT TITLE

: COST-BENEFIT ANALYSIS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4217 COST-BENEFIT ANALYSIS ELECTIVE 3 0 0 5

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

DOCTOR ŞULE GÜNDÜZ ÖZGÜR

Offered to

Economics (English)

Course Objective

The class gives information about the basic understanding of projects, project evaluation techniques and selection criteria, and cost-benefit analysis. It also provides the techniques on the steps of project management and planning, guiding students for any size organization to handle projects of all sizes.

Learning Outcomes of the Course Unit

1   recognize when a cost benefit analysis may be performed in a meaningful way by lectures
2   Perform the project evaluation analysis as completely as possible, given relevant modeling assumptions or approximations by using numerical and mathematical tools
3   Be able to communicate the results of the cost-benefit analysis to stakeholders in such a way as to facilitate political or administrative processes by prepare a project
4   make presentation of the group project by constructing research on real world problems

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction
2 Cost-Benefit Analysis - I
3 Cost-Benefit Analysis - II
4 Project Evaluation and Discounting, Compound Interest Formulas
5 Comparison of Alternatives, Equivalent Worth Methods,
6 Tax and Depreciation Effects
7 Valuing Benefits and Costs When Demand and Supply Curves are Known
8 Valuing Benefits and Costs of Non market goods and services
9 Social Discount Rate
10 Dealing with Uncertainty
11 Distributional Considerations
12 Student Presentations of projects
13 Class work
14 Class work

Recomended or Required Reading

1. A. Shtub, J. F. Board, S. Globerson, Project Management, Prentice Hall, 1994 (SBG)
2. A.E. Boardman, D. H. Greenberg, A. R. Vinig, D. L. Weimer, Cost-Benefit analysis: Concepts and Practice, Prentice Hall, 1996 (BGVW)
3. J. P. Lewis, The Project Manager's Desk Reference: A comprehensive Guide to Project Planning, Scheduling, Evaluation, and Systems, McGraw Hill, 2000 (JPL)

Planned Learning Activities and Teaching Methods

1. Lecture
2. Presentations
3. Problem-Solving

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 ASS Assignment
3 PRS Presentation
4 FCG FINAL COURSE GRADE MT * 0.40 +ASS * 0.20 +PRS * 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will be able to perform cost benefit analysis by using necessary numerical and mathematical tools
2. The learner will evaluate different alternative projects
3. The learner will make research on real world problems or projects, prepare a project and present the cost-benefit analysis of the project.

1. Presentations will be related to historical/ current economic events.
a) The student will choose a topic, or the instructor will assign the presentation topic to the student. Presentations will be assessed on 1) organization, 2) content, and 3) presentation. Criteria 1 and 2 are 50 percent of the total presentation grade, and criteria 3 is 50 percent of the total presentation grade.
(1) The students who present the topic in a logical sequence with all the required information and cite the references will get 100% (excellent). The students who present the topic in a logical sequence with all the required information but do not cite the references will get 80% (very good). The students who present the topic in a logical sequence with missing required information and do not cite the references will get 60% (good). The students who present the topic but do not have a logical sequence and do not cite the references will get 40% (fair). The students who present an irrelevant topic with no references will get 0% (poor).

(2) The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information with a conclusion summarizing the presentation will get 100% (excellent). The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information but do not summarize the presentation will get 80% (very good). The students who lay out the topic well and include accurate information but do not summarize the presentation will get 60% (good). The students who lay out the topic well but fail to provide accurate information and do not summarize the presentation will get 40% (fair). The students who fail to lay out the topic well, lack accurate information, and do not summarize the presentation will get 0% (poor).

(3) The students who manage their time well, have good language skills, can explain the subject clearly, and manage to respond to the questions will get 100% (excellent). The students who manage their time well, have enough language skills, explain the subject quite clearly, and manage to respond to the questions will get 80% (very good). The students who manage their time well, have enough language skills, and can explain the subject quite clearly but cannot respond to the questions will get 60% (good). The students who cannot manage their time well, have poor language skills, and can partially explain the subject but cannot respond to the questions will get 40% (fair). The students who cannot manage their time well, have poor language skills, cannot explain the subject, and cannot respond to the questions will get 0% (poor).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

sule.gunduz@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 1 14
Preparation for midterm exam 1 15 15
Preparing assignments 5 3 15
Preparing assignments 1 28 28
Preparing presentations 1 10 10
Midterm 1 2 2
TOTAL WORKLOAD (hours) 126

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.13234422
LO.2433334434
LO.31555144435
LO.444555153432