Basic concepts
Chapter 2 of the Economic evaluation manual - Volume 1 2008 (PDF 265 KB) discusses the basic concepts underlying the evaluation of benefits, including:
- Social cost benefit analysis
- Financial analysis
- Economic costs (EEM1, section 2.2)
- Shadow pricing (EEM1, section 2.2)
- Benefits
- External impacts
- Costs
- Present value and discounting
- Time frame
- Do minimum and benefit and cost differentials
- Benefit cost ratios
- Incremental cost benefit analysis
- First-year rate of return
- Uncertainty and risk
- Alternatives and options
- Packages
- Transport models
- Other inputs to funding allocation process
- References
