- Degree type
- Language of education
- English (100%)
- 19 days
- Tuition fee EU/EEA
- Please enquire
- Tuition fee Non EU/EEA
- Please enquire
- Education type
- Start of program
- Application deadline
- Type of institution
- Research University
The course will teach you to formulate terms of reference for cost-benefit analysis studies and/or critically review the results of a cost-benefit analysis.
Spatial policy and planning projects (incl. the management of scarce resources as land and water) require the use of proper assessment methodologies. Cost benefit analysis is a widely used and recognized methodology that assists in the integrated assessment from the economic perspective. Particularly people without a solid background in economics may find this course very relevant to critically understand the principles of cost benefit analysis and economics in spatial planning policies and projects.
The course is relevant for those who professionally have to formulate terms of reference for cost-benefit analysis studies and/or critically review the results of a cost-benefit analysis. This course is also very suitable for those participants who want to apply principles of costs benefit analysis and economics t in their research project.
Typical research projects are in the field of infrastructure and transport; disaster and risk management, including climate change; urban and rural land use development; environmental services; and water resource management
Explain & apply the major principles of cost-benefit analysis & economic valuation as part of integrated assessment; Outline the role of cost-benefit analysis in public decision making & spatial policy making; Explain and apply a number of methods for the valuation of benefits and costs; Interpret and examine critically the results of a cost-benefit analysis; For their specific disciplinary domain of interest; Define data requirements for the application of cost-benefit analysis and economic valuation; Discuss critically the potential and limitations of the use cost-benefit analysis and economic valuation.
Lectures, supervised practicals, unsupervised practicals, group assignment, individual assignment, self-study.
The module will start with a rigorous and comprehensive review and discussion of standard cost benefit theory and principles. The role and practice of cost-benefit analyses in public decision making – also in relation to other types of assessment like environmental assessment- will be reviewed Theory will be illustrated with the experience and challenges in the Netherlands with the use of a standard methodology of cost-benefit analysis in spatial policy making and analysis. Students are introduced to approaches, methods and tools to deal with issues like the valuation of non-market effects, the spatial and temporal dimensions of costs-benefit analysis, uncertainty, complexity and risk; and distributional effects. In the last part of the module, students will have the opportunity to work on the application of cost-benefit analysis and economic valuation in their own field of interest. Students can make an individual choice among the following fields of application: Infrastructure and transport; Disaster and Risk management, including climate change; UUrban and Rural Land Use development; Ecosystem Services and Biodiversity; Water resource management; Land Administration; and Geo-information management.
About the University of Twente
The University of Twente focuses on the development of technology and its impact on people and society. It offers bachelor, master and postgraduate programs in the field of Technology, Behavioral and Social Sciences. University of Twente students are always encouraged to look beyond the boundaries of their own field and establish links with other disciplines.
High tech, human touch. This is what characterizes the University of Twente. Some 3,300 scientists and other professionals working together on cutting-edge research, innovations with real-world relevance and inspiring education for more than 9,000 students. The enterprising university encourages students to develop an entrepreneurial spirit and is a partner of Knowledge Park Twente.
More information about the University of Twente
Previous educationNumeracy and ability to work with spreadsheets is recommended. Knowledge of modules 1 to 10 of the MSc courses of ITC is a must.
Professional experienceA few years of professional experience is recommended.
Language testIELTS overall band 6.0
TOEFL computer based 213
TOEFL internet based 80
TOEFL paper based 550
Cambridge Advanced English C1
Cambridge Professional English C2