Course Green Sheet
Primer on HTML

Course Content:This course covers a sequence of methods of economic analysis. They are representive of the type of analysis economists are required to carry out. The sequence starts with the conceptually easiest method, fiscal impact analysis and ends with the conceptually most difficult, cost benefit analysis. These techniques are:

• FISCAL IMPACT ANALYSIS:
  This technique constructs estimates of the impact of a project, such as a housing development, on the revenue and costs of local government.
  
• COHORT SURVIVAL PROJECTION:
  This is a population forecasting method. Future population is forecast by estimating by age group the survivors from the present population. Birth are forecast on the basis of the female population by age group and the age group specific fertility rates.
• INPUT-OUTPUT ANALYSIS:
  This method was developed to determine the interindustry effects of a change in demand for the product of one industry on the production of all the rest of the industries. The same methods, however, may be used to determine the effect on interrelated regions of a change in production in one of those regions. Likewise the interrelationships among countries can be analyzed using these methods.
  
• PROJECT ANALYSIS:
  This method is the determining the financial feasibility of a project, such as a dam or highway.
  
• COST BENEFIT ANALYSIS:
  This method estimates the monetary equivalent of the benefits of the project, to whomsoever they accrue and compares it with the money value of the costs, to whomsoever they accrue. This involves, among other things, determining the present value of the benefits and costs.
  

  Water Development Projects:

  • The Snowy Mountains Project in Australia

  TEXT:
  State of California, ECONOMIC PRACTICES MANUAL

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