Definition of CBA.
Advantages and disadvantage of CBA.
Steps involved in conducting a CBA.
Methods of measuring indirect benefits (productivity) and intangible benefits, and the advantages and disadvantages of each method.
Human Capital (HC) approach
Willingness-to-pay (WTP) approach
Compare 3 types of calculation methods used with CBA:
net benefits (or net costs)
benefit-to-cost (or cost-to-benefit) ratios, and
internal rate of return (IRR)
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