ECO 4660. Benefit-Cost Analysis

Instructor: John Whitehead
e-mail:
[email protected]

Fall 2009 | Calendar

Community Based Research Project

A community-based research course integrates academic work with community service. In this way, you get the opportunity to apply what you learn in class through a hands-on project. Your research will add a practical dimension to the course lectures and readings and you will have the opportunity to do some much needed analysis for agencies with limited resources.

Teams of students will conduct a benefit-cost analysis of an off-campus project or policy following the basic steps of BCA:

  1. Clarify issues of standing

  2. Identify the alternatives

  3. Set out assumptions

  4. List the impacts of each alternative project

  5. Assign values to these impacts

  6. Deal with unquantified impacts

  7. Discount future values to obtain present values

  8. Identify and account for uncertainty

  9. Compare benefits and costs

  10. Suggestions for future research

Early in the semester, upon identification of a research topic and a willing client, students will participate in a scoping meeting with each client. A series of homework exercises will lead students through the necessary tasks of BCA. In order to reflect on what you have learned from your experience, you will be required to produce (1) a nontechnical report for your client, (2) a technical report for your professor, (3) create a presentation for your client and (4) create a debriefing presentation for your classmates.

The nontechnical report is due during the last week

The reports are due during on the last day of class. The client presentation will take place at an agreed upon time with the client. The class presentation is due during the final exam period.

Report Guidelines

The draft report should include the 10 steps of a benefit-cost analysis.

Formatting:

The final report to the client should adopt some "fancy" formatting.

Presentation Guidelines

References

  1. Mangione, Thomas W., "The basics of question design," Chapter 2 in Mail Surveys: Improving the Quality, 1995 [PDF]
  2. Ettner, Susan L., et al., "Benefit�Cost in the California Treatment Outcome Project: Does Substance Abuse Treatment 'Pay for Itself'?" Health Services Research 41(1):192-213, 2006. [PDF and Erratum]
  3. Harless, David W. and Frank R. Allen, "Using the contingent valuation method to measure patron benefits of reference desk service in an academic library," College and Research Libraries 60(1), January 1999. (An example of a mini-BCA using a CVM study of students) [PDF]
  4. Rodman, Ruey L., "Cost analysis and student survey results of library support for distance education," Journal of the Medical Library Association 91(1) January 2003. (An example of an almost-BCA) [PDF]
  5. Whitehead, "A practitioner's primer on the CVM," Chapter 3 in Handbook on CVM, ed. by Alberini and Kahn, 2006. (tips on writing CVM questions) [PDF]

2009 Topics

  1. AIRE
  2. MHM