Economic Valuation Methods and Cost-Benefit Analysis

Course Details

Course Content

The course will give a detailed account of the CBA methodology focusing on environmental policies, projects and decision-making. It will mainly take the societal perspective, ideally aiming for a socially optimal supply of environmental goods and services and a sustainable use of resources. The course will also give a detailed account of the different available Economic Valuation Methods, focusing on the pros and cons of each of these in relation to practical applications.  

Students will get hands-on experience with conducting economic valuation of non-market environmental goods as well as conducting CBA in a practical case involving environmental decision-making.

Recommended Academic Qualifications 

It is highly recommended to have taken the BSc course in Environmental and Natural Resource Economics (NIFB14004U) or similar courses. Furthermore, it is recommended that students have acquired basic competences in micro economics (e.g. LOJB10259 or similar courses) as well as econometrics (e.g. LOJK10272 or similar courses)

Academic qualifications equivalent to a BSc degree is recommended.