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Develop a basic understanding of social cost-benefit analysis, as well as the necessary economic valuation concepts and tools to perform them; apply these insights to assess the costs and benefits of an area development project, especially in sustainability and climate resilience contexts.
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This is a part of Module 7, Area Development of the Bachelor Civil Engineering. See here for the complete description of this module.
In this course you will focus on social cost-benefit analysis (CBA) as a method to quantify pros and cons of an area development project. You will go through the basic steps of a CBA, including discounting, sensitivity analysis, and criteria for judging on an efficiency of a project alternative. You will be introduced into key economic concepts from the viewpoint of sustainable and climate-resilient spatial planning and urban design, the nature of externalities – positive or negative effects of a project incurred by third parties – and look at how social CBA integrates them. In particular, we will discuss how environmental and social costs and benefits in addition to economic could be incorporated, and what valuation methods are typically used to monetize them. This content will be covered by the lectures and tutorials and assessed by an individual exam.
External students who are interested in this elective: please contact Peter Jansen (coordinator-ce@utwente.nl)
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