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ECON3220 Final Exam

This class was created by Brainscape user Alice Pattison. Visit their profile to learn more about the creator.

By: Alice Pattison
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Decks in this class (11)

Chapter 1: Introduction and Overview
What is cba,
What do we mean by public interest,
Two key principles of cba
17  cards
Chapters 2&3: Decision Rules
Three processes in any cash flow ...,
Conventions in representing cash ...,
Comparing costs and benefits
16  cards
Chapter 4: Market & Private CBA
Market cash flow,
Private cash flow,
Deriving private cash flow
12  cards
Chapter 5: Efficiency CBA Part 1: Market failure and shadow-pricing
In a perfectly competitive market...,
Some conditions for a perfectly c...,
Pareto optimality
32  cards
Chapter 5: Efficiency CBA Part 2: Distortionary vs corrective taxation; Opportunity cost of public funds
How do taxes and subsidies change...,
Distortive tax subsidy,
Corrective tax subsidy
18  cards
Chapter 6: Referent Group CBA
Referent group,
What will the referent group norm...,
If only referent group benefits a...
16  cards
Chapter 9: Risk Analysis
When will a decision involve risk,
The estimation of the probability...,
In risk analysis different forms ...
18  cards
Chapter 13: Writing the CBA Report
Where the cba fits in the decisio...,
Multi step process,
What is the reports objective
8  cards
Chapter 7: Consumer and Producer Surplus
The market prices of project inpu...,
Examples of project outputs input...,
An increase in consumer surplus r...
18  cards
Chapter 8: Non-Market Valuation Methods
When do we use market prices dire...,
When do we use market prices indi...,
When is there no market price ava...
45  cards
Chapter 11: Distributional Weighting in CBA
What do we need to acknowledge an...,
Atemoral distribution,
Intertemporal distribution
16  cards

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ECON3220 Final Exam

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