Introduction to Public Policies
Week 9 - Economic dimension of policy evaluation
Outline:
- The concept of economic evaluation
- Evaluation criteria – economy, effectiveness, efficiency
- Inputs and outputs. Typology.
- Single criterion methods (CMA, CEA, CUA, CBA)
- CBA, basic principle and selected problems (valuation, discounting)
Presentation:
Further readings:
̶Carson, R. T., & Hanemann, W. M. (2005). Contingent valuation. Handbook
of environmental economics, 2, 821-936.
̶Broughel, J. (2020). The
Social Discount Rate: A Primer for Policymakers. Mercatus Research Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3639628