Cost-Benefit Analysis in Public Policy Evaluation
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Description
This exam assesses knowledge of cost-benefit analysis methodology in public policy evaluation, focusing on the comparison of costs and benefits in policy decision-making.
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Exam Details
Duration: 50 minutes
Prerequisites: Economics For Public Policy, Quantitative Research Methods, Principles Of Program Evaluation
Key Topics
- Cost-Benefit Analysis
- Policy Evaluation Techniques
- Impact Assessment
- Economic Efficiency
- Quantitative Analysis
Learning Outcomes
- Articulate Cost-Benefit Principles
- Analyze Case Studies
- Evaluate Policy Justifications
- Discuss Economic Efficiency
Full Description
This exam focuses on the methodology of cost-benefit analysis as a tool for evaluating public policies. It emphasizes the importance of systematically comparing costs and benefits.
Cost-benefit analysis is integral to decision-making in public policy. It provides a structured approach for prioritizing expenditures and justifying policies based on systematic evaluations of impacts.
Candidates will be tested on their ability to articulate the principles of cost-benefit analysis, evaluate specific case studies, and discuss the implications of their findings for policy decisions.
Preparation should include a solid understanding of both quantitative and qualitative assessments and how they contribute to cost-benefit analysis in various contexts.
Sample Questions
- What are the key components of cost-benefit analysis in public policy?
- How does cost-benefit analysis inform policy decision-making?
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