PRE-REQUISITE: registrants must have attended the Workshop: Introduction to Cost Benefit Analysis or have had previous experience of cost-benefit analysis (e.g. through work or study)
Date and time: Thursday 19th August and Thursday 26th August 2021, 10.00am to 1.30pm AEST (registration from 9.45am) Registrants are to attend both sessions. (full day workshop - 2 sessions)
Venue: Via Zoom. Details will be emailed to registrants just prior to the workshop start time
Facilitator: David Marchant
Register online by: 16 August 2021. Spaces limited to 25 participants from Australia and NZ and international AES members
Purpose of Workshop
Cost-benefit analysis is an appraisal and economic evaluation technique that considers the economic, social, and environmental impacts of different projects, programs, and policies, in quantifiable and monetary terms.
Widely used as an ex-ante (forward-looking) technique for appraising options and informing social decision-making, cost-benefit analysis is becoming increasingly important in ex-post (after the event) economic evaluation.
Across state and territory governments, cost-benefit analysis is the preferred method of economic assessment.
This workshop will focus on the application of cost-benefit analysis to the economic evaluation of programs, projects, and policies that have a social or health focus.
Topics that will be covered include:
- Review of fundamental concepts in cost-benefit analysis
- Building economic evaluation (and cost-benefit analysis) into your program design
- Differences between ex-ante and ex-post cost-benefit analysis
- Identifying actual/future impacts (including consideration of standing and transfer payments)
- Valuation principles and methods (including opportunity cost, willingness to pay, shadow prices, market and non-market values)
- Social welfare and distributional impacts
- Practical issues and challenges associated with undertaking cost-benefit analysis for the economic evaluation of programs, projects, and policies that have a social or health focus
- Reviewing CBAs
Key learning outcomes will include:
- Increased understanding of the fundamental concepts in cost-benefit analysis
- Ability to plan and build economic evaluation (and cost-benefit analysis) into your program design
- Understanding of how to identify and value impacts
- Understanding of how to assess distributional impacts
- Gain practical experience of applying cost-benefit analysis for the economic evaluation of programs, projects, and policies that have a social or health focus
This workshop aligns with competencies in the AES Evaluator’s Professional Learning Competency Framework. The identified domains are:
- Domain 1 – Evaluative attitude and professional practice
- Domain 2 – Evaluation theory
- Domain 4 – Research methods and systematic inquiry
- Domain 7 – Evaluation Activities
Who should attend?
Evaluators who have attended the introductory ‘Cost-Benefit Analysis for Evaluators’ workshop and who want to increase their understanding of cost-benefit analysis and apply it to economic evaluation.
This workshop assumes a basic understanding of economic evaluation and of the fundamental concepts of cost-benefit analysis.
Workshop start times
- VIC, NSW, ACT, TAS, QLD: 10.00am
- SA, NT: 9.30am
- Perth: 8.00am
- New Zealand: 12.00 noon
- For other time zones please go to https://www.timeanddate.com/worldclock/converter.html
About the facilitator
David Marchant is an accredited facilitator and the Managing Director of Inform Economics (www.informeconomics.com), specialist practitioners in the development and preparation of cost-benefit analyses.
Over recent years, Inform Economics have developed many cost-benefit analyses across a wide range of government sectors including health, disability, environment, fire & emergency management, government services, housing, responsible gambling, workplace safety, tourism, and events.