MGT 5064 – Cost and Economic Analysis

                                                                                        SUMMER 2024

       Meeting Days and Times: Distance Learning (See planned class schedule at the bottom of this syllabus)

       Instructor Name: Dr. Maribel Howell                                                Email: Email me on CANVAS

       Office Location: N/A

       Office Hours: N/A

 

Course Objectives:

At the conclusion of this course, the student will be able to:

  1. Demonstrate an understanding of principles and foundation of CBA and their applications;
  2. Develop analytical and critical reasoning skills in analyzing cost and benefit analyses by others;
  3. Demonstrate knowledge of evaluating alternative policies using CBA and economic concepts; and
  4. Conduct a cost-benefit analysis.

 

Required Texts / Learning Systems:

Textbook (Not Required): Cost-Benefit Analysis: Concepts and Practice (4th Edition) by Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, and David L. Weimer, Prentice Hall, Inc., Upper Saddle, NJ, 2011 (ISBN-10: 0137002696)

The textbook is not required but it is highly encouraged for students to get a copy if possible.  

Grading Policy:

Student performance in this class will be assessed in the following areas:

Midterm Exam:

25 %

Final exam:

25 %

Assignments:

25 %

CBA Project:

25 %

There will be a homework at the end of each chapter. It is your responsibility to check the course website for due dates. Plan ahead. There will be no make-up homework.

It is highly recommended that you come up with alternative scenarios to handle possible technical difficulties. Please note that an extension will not be granted even if your computer is inoperable at an untimely manner, unless the problem is an FIT system-wide problem.

Please be aware that you have the liberty to complete your assignments using any computer that is available to you.

The examination dates will be announced at least one week in advance. All exams must be completed on the assigned time and date on CANVAS. You will have one attempt to take the tests. Additional attempts or extensions will not be given.

A CBA Project Proposal is required by June. It will be assigned as a homework. However, you should start thinking about your CBA topic in the beginning of the class and start early in your data search. You can email me your proposed topic even before the deadline. The project is a cost-benefit analysis of a project that is of interest to you. See paper submission guide. The final project is due on July 16. CBA Projects will be graded based on content/ writing (20%), quantity and quality of data used (30%), application of lessons learned and analysis (50%).

A conventional grading scale will be used (90-100=A, 80-89=B, 70-79=C, 60-69=D, <60=F). A grade of “I” (incomplete) may be assigned only if a student in a good standing (passing) has been officially excused from the final test due to hospitalization or serious sickness, in which case, the test must be promptly completed later in order to remove the “I” grade. Incomplete grades will not be considered for any other reason.

All work must be typed using Times Calibri, 12 points font and must be double spaced and must be submitted in MS Word; work submitted in any other format will not be graded. All submissions will be done through CANVAS.

 

Attendance Policy:

The presentation of the course material will be delivered primarily online through the Florida Institute of Technology CANVAS platform. Students are expected to have an access to a computer with internet connection to access course instruction materials and complete assignments. Students must have a CANVAS account with FIT. Students are expected to read the textbook and posted notes/ materials, and are encouraged to regularly log on CANVAS to check out new postings.

Students are required to log-on the course website as often as possible and complete all the online activities. It is crucial that you keep up with these activities in order to be successful in this class.

Homework and Exams will be under ‘Assignments’, Lectures and Homework Solutions, and all other materials will be available under ‘Files.’

 

Communication Medium:

The primary method of communication will be through the class e-mail on CANVAS. It is the student’s responsibility to stay current with all postings to the class web site on CANVAS.

Where to Find Extra Help:

Recorded videos are very helpful in understanding the class materials.  If you need more help, send the instructor an email.

 Assignments and Expectations:

Students will be required to:

        1. log on FIT’s CANVAS site regularly.
        2. read materials assigned regularly.
        3. complete assigned homework and quizzes.
        4. take the MIDTERM exam and the FINAL exam.
        5. conduct and submit a CBA project

 

    1. All exams and homework are required. Missing an exam or a homework assignment will carry a score of zero on that exam/homework. No make-up exam will be given unless allowed by the instructor in cases like personal or medical emergencies supported by proper documentation.
    2. Homework will have to be submitted by the due date. Students are expected to complete weekly assignments. Submissions bins will be closed after the due date. You will submit approximately 10 assignments, therefore, missing a submission will greatly impact your assignment grade which is 25% of your course grade.

Note: No special privilege or extra work will be given to any student to improve his/her grade. Be prepared to study and work hard.

 

Where to Find Extra Help:

 

Academic Honesty Definitions & Procedures:  Located in the student handbook at

https://www.fit.edu/policies/student-focused-policies/standards-and-policies/academic-honesty/

Title IX Statement:  The university’s Title IX policy is available at https://www.fit.edu/policies/title-ix/

Title IX of the Education Amendments of 1972 is a federal civil rights law that prohibits discrimination on the basis of sex in federally funded education programs and activities.  Florida Institute of Technology policy also prohibits discrimination on the basis of sex.

Florida Tech faculty are committed to helping create a safe learning environment for all students that is free from all forms of discrimination and sexual harassment, including sexual assault, domestic violence, dating violence, and stalking. If you, or someone you know, have experienced or is experiencing any of these behaviors, know that help and support are available.

Florida Tech strongly encourages all members of the community to take action, seek support, and report any incident of sexual harassment or gender discrimination to

Please note that as your professor, I am required to report any incidents to the Title IX Coordinator. 

If you wish to speak to an employee who does not have this reporting responsibility, please contact the Student Counseling Center at 321-674-8050.

Academic Accommodations:  Florida Tech is committed to equal opportunity for persons w/disabilities in the participation of activities operated/sponsored by the university. Therefore, students w/documented disabilities are entitled to reasonable educational accommodations. The Office of Accessibility Resources (OAR) supports students by assisting w/accommodations, providing recommended interventions, and engaging in case management services.  It is the student’s responsibility to make a request to OAR before any accommodations can be approved/implemented.  Also, students w/approved accommodations are encouraged to speak w/the course instructor to discuss any arrangements and/or concerns relating to their accommodations for the class. 

Office of Accessibility Resources (OAR):

Recording Disclosure (Privacy Waiver): This course may be recorded for use by students and/or faculty. Enrolled students are subject to having their images and voices recorded during the classroom presentations, remote access learning, online course discussions, and remote office hours/meetings. Course participants should have no expectation of privacy regarding their participation in this class.  Recordings may not be reproduced, shared with those not registered in the courses, or uploaded to other online environments.  All recordings will be deleted at the conclusion of the academic term.  

Special Note:

All exams will be required to be taken for the given period of time.

Lecture and Assignment Schedule:

DATES

TOPIC

TEXT CHP.

05/14

 

Introduction to Cost-Benefit Analysis

 

 

CHAPTER 1

 

05/21

Conceptual Foundations of Cost-Benefit Analysis

 

CHAPTER 2

 

05/28

 

Economic Foundations of CBA:

 

 

CHAPTER 3

 

06/4

The Concept and Measurement of Costs:

 

Chapters 3 and 4

Levin book

06/15 - 06/18 - MIDTERM EXAM

06/21 - Last day to withdraw from a class with a final grade of W

06/18

Discounting Benefits and Costs in Future Time Periods

 

CHAPTER 6

 

06/25

Dealing with Uncertainty, Expected Values and Sensitivity Analysis

CHAPTER 7

07/02

 

 

Chapter 14 Valuing Impacts from Observed Behavior: Indirect Market Methods

Revealed Preferences

 

CHAPTER 14

 

TERM PAPER DUE – July 16

FINAL EXAM– Available July 20 to July 23