EECO-5223 Economic Assessment
Projects generate impacts in the welfare of communities, the quantification of these benefits (and not benefits) is a matter of economic assessment. The social and economic assessment use the theoretical framework provided by the welfare economics and analyzes the efficiency and distributive impact. The aspects to be addressed are: analysis of decisions under perfect market situation, valuation of benefits and costs with diversions, the account price of workforce, currency, social discount rate, analysis of the social assessment of projects: distributive weightings, changes of the benefits by the beneficiaries, basic needs and inter-temporary aspects. Analysis under uncertainty, always bearing the social impact in mind.
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