Introduction to Public Policies
Economic dimension of policy evaluation
Outline:
- ̶The
essence of economic evaluation, history of project evaluation.
- Inputs and outputs. Typology. Relevance for the use of specific evaluation methods. Evaluation criteria – economy, effectiveness, efficiency
- Single criterion methods (CMA, CEA, CUA, CBA)
- CBA, basic
principle and selected problems (valuation, discounting)
- Ways to select the "best" project
Resources:
Presentation
̶
Further readings:
Musgrave, R. A., & Musgrave, P. B. (1984). Public Finance in Theory and Practice. 1984. Public
finance in theory and practice (4th
ed.).
New York: McGraw-Hill. New
York: McGraw-Hill. chap.9
Chyba: Odkazovaný objekt neexistuje nebo nemáte právo jej číst.
https://is.muni.cz/el/econ/podzim2022/BPV_AIPP/um/week_9/Musgrave_Richard_A._and_Musgrave_Peggy_B._1989__1973__Public_Finance_in_Theory_and_Practice_5th_ed.pdf
̶Robinson,
R. (1993). Cost-benefit
analysis. British Medical Journal, 307(6909), 924-926.
̶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.