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Department of Chemical Engineering, Unit Catalogue 2011/12


CE50135: IEM CPD cost benefit analysis

Click here for further information Credits: 0
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Modular (no specific semester)
Click here for further information Assessment: CW 100%
Click here for further information Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Click here for further information Requisites:
Click here for further information Description: Aims:
The aim is to advance student understanding of the economic principles and analytical techniques behind CBA, and best practises in conducting cost benefit analysis.

Learning Outcomes:
After successfully completing this unit students should be able to outline the economic principles underlying CBA and distinguish environmental CBA from traditional financial project appraisal. They should also be able to describe the rationale underlying each of the economic valuation techniques; outline the methodology of each technique and identify the main shortcomings associated with them. They should also be able to describe the economic basis of, and employ the investment decision criteria utilised by CBA; outline the issues associated with the choice of discount rate and identify the limits of environmental CBA. Finally, the students should be able to describe how the results of a CBA should be reported.

Skills:
This distance learning unit develops skills in self study, and use of spreadsheets.

Content:
Introducing CBA; financial project appraisal; willingness to pay and opportunity costs as measures of economic value; market imperfections (e.g. public goods and externalities); shadow pricing; total economic value; techniques employing actual market prices, surrogate market techniques, survey based techniques; determination of cash flows and investment criteria; discount rates; limitations of CBA; presenting and reporting CBA.
Click here for further informationProgramme availability:

CE50135 is Optional on the following programmes:

Department of Chemical Engineering
  • TECE-ADT07 : Integrated Environmental Management CPD (Distance Learning)
  • TECE-ADT08 : Integrated Environmental Management CPD (Distance Learning)
  • TECE-ADT09 : Integrated Environmental Management CPD (Distance Learning)

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.