Economic Planning and Project Evaluation

Course code ECON6440Units 10Level 6000Faculty of Business and LawNewcastle Business School

Students are introduced to the need for, and the potential of sustainable economic planning and project appraisal, with reference to centrally planned, market and low income countries. Development planning is analysed within the constraints of environment sustainability. Land management issues are examined with lessons drawn from wealthier countries for their lower income counterparts. This includes analysis of urban, regional and rural markets. The introduction of a powerful decision-making tool: the technique of project and policy analysis becomes a core feature.
Various facets and tools of economic planning and project appraisal are examined, including investment criteria, and economic analysis of projects. How markets work and where they fail, in particular in relationship to land use, the environment and natural resource management is analysed. Thus, allowing discussion of sustainable planning, project feasibility and cost benefit analysis.

Not available in 2015

ObjectivesAt the successful completion of the course it is intended that students will be able to:
1. Appreciate the importance of development planning, its evolution, and limitations of central panning theory.
2. Comprehend the techniques of project and policy analysis and their application.
3. Demonstrate understanding of regional planning tools and natural resource management policy.
4. Understand the advantages of sustainable economic planning and project appraisal.
5. Effectively communicate their specialised knowledge.
Content1. Introduction: The Evolution of economic planning
2. Land use and the environment
3. Economic Development and City Management
4. Economic Planning and Land Reform
5. Input-output Analysis in Planning
6. Central Planning and market socialism
7. Commercial property markets and development
8. Cost-Benefit Analysis: Principles
9. Project Valuation and Investment Criteria
Replacing Course(s)Not applicable
TransitionNot applicable
Industrial Experience0
Assumed KnowledgeA background in Economics/Business and/or other Social Sciences (e.g. geography, environmental studies).
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Essays / Written AssignmentsEssays
Examination: FormalFinal Examination
Other: (please specify)Tutorial assignments
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks