Tools of the Trade
Edited by Scott Farrow
Chapter 7: The essentials: A short course for young professionals
In the contest of the European Regional Policy, benefit-cost analysis (BCA) is explicitly required, amongst other elements, as a basis for decision making on the co-financing of major projects by the European Structural and Investment Funds (ESIF). How to teach the principles and applications of BCA in an intensive short course (one week) targeted to an audience of civil servants and young professionals with a range of backgrounds (economics, public administration and others) from different countries? The content of this chapter is motivated by the experience gathered by the team of the University of Milan and Centre for Industrial Studies (CSIL) in seven editions of a summer school on BCA and other training courses. The objective is to distill some lessons learned from this experience.
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