The purpose of the course is to help participants receive/deepen theoretical and practical knowledge and skills about Cost Benefit Analysis (CBA). The cost-benefit analysis is a framework of economic analysis of public and business projects. Simultaneously, it analyzes the alternatives of decision-making within organizations, according to relevant costs and benefits.
The precondition for attending the course: It is desirable for a participant to have basic knowledge of mathematics and to have passed the introduction to economics, as well as to have knowledge about general research methods in social sciences.
The outcomes of training:
A participant will receive in-depth knowledge about:
The key issues related to cost-benefit analysis: economic content of cost-benefit analysis; time value of money; discount rate; net present value; direct and indirect impacts; difference between financial and economic analysis; market prices and shadow prices; methods of assessment of non-market impacts; uncertainty and risk analysis. In addition, participants will receive knowledge about basic aspects and use of Cost-Effectiveness Analysis (CEA) and Multiple Correspondence Analysis (MCA).
Upon completion of the course, the participants will be able:
To administer public and business projects using relevant methods; to make decisions in their practical activities according to costs and benefits along with comparing various alternatives; to participate in debates around a number of issues as part of cost-benefit analysis.
The course will be led by trainer Nestan Gaprindashvili
Duration of the course: 24 hours
Fee: GEL 300