This text offers the perfect introduction to social benefit-cost
analysis. The first part deals with the basic theory and procedures.
In Part Two some more advanced material, mainly dealing with the
valuation of internationally
tradeable goods and projects that affect market prices, is presented.
Part Three introduces a number of special topics including the
treatment of risk and uncertainty, income distributional effects
and the valuation of non-marketed goods. Throughout the text the
emphasis is on applications, and a worked case study is progressively
undertaken as an illustration of the analytical principles in
The volume has several unique features: the close integration
of spreadsheet analysis with analytical principles; the spreadsheet
approach provides an invaluable cross-check on the accuracy of
the appraisal; and the book is structured in a way that allows
readers to choose the level of analysis which is relevant to their
• Aims to equip readers with the skills to analyse whether
the benefits delivered by major projects are justified by the
• Practical application is emphasised with the principles
of social cost-benefit analysis illustrated by spreadsheet applications
at each stage throughout the book.
• The spreadsheet model is constructed in a truly original
way which contributes to transparency, provides a check on the
accuracy of the analysis, and facilitates sensitivity, risk and
alternative scenario analysis.
• The book increases in difficulty as the reader works through.this
allows undergrad and non-economist readers to use most of the
book easily, with extension material for graduate and practitioner
readers towards the end.
• Screen dumps are clearly laid out.
• Authors' website provides a host of useful support materials,
please visit www.cambridge.edu.au for more details.
To order a copy online click
1. Benefit-cost analysis - introduction and overview;
2. Investment appraisal: principles; 3. Investment appraisal:
decision rules; 4. Private benefit-cost analysis - financial
analysis; 5. Efficiency benefit - cost analysis; 6.
Calculating the net benefits to the referent group;
7. Consumer and producer surplus in benefit-cost analysis;
8. Valuing traded and non-traded commodities in benefit-cost
analysis; 9. Incorporating risk in benefit-cost analysis;
10. The social discount rate, cost of public funds,
and the value of Information; 11. Weighting net benefits
to account for income distribution; 12. Valuation of
non-marketed goods; 13. Economic impact analysis; 14.
Writing the benefit-cost analysis report.
Publication: May 2003 • 247 x 174 mm •
352 pages • 38 line diagrams • 52 tables • 68
Paperback • 0521528984 • A$69.95
Hardback • 0521821460 • A$140.00
To order an inspection copy please contact
or telephone 03 8671 1407.
To order your inspection copy on-line please visit:
To communicate directly with the authors' use email