MPA
633
Cost Benefit Analysis
Hours
1.5 Credit, 1.5 Lecture, 0 Lab
Semester
Fall
Compares and contrasts multiple approaches to cost-benefit analysis, identifying when to apply this set of analytic techniques and examining the analytic and ethical challenges of the cost-benefit approach.
Expanding Base Knowledge
- Understand and conduct a pairwise comparison process which provides the foundation for assigning meaningful numbers to intangibles such as priorities, preferences, and probabilities.
Processes Skills
- Develop skills in framing problems using hierarchies and networks.
Effective Communication
- Articulate the rationale for the chosen decision.
Analysis
- Conduct sensitivity analysis that provides extra power and credibility to your decision models.
Ethical Decisions
- Incorporate moral as well as practical consequences into your decision analyses.