Using Economics to Inform Decisions

Overview

When you need to estimate the value of a project and incorporate economic data, you have various approaches to choose from. This self-guided module can help, as it provides information about benefit-cost analysis, economic impact analysis, cost-effectiveness analysis, and more. Understanding these basics will help you identify the appropriate approach and the data needed.

You will learn how to

  • Recognize and understand basic economic terminology
  • Recognize relevant economic approaches and analyses
  • Identify what approach to use based on project objectives, level of expertise, and funding
  • Locate support tools and data
  • Conceptualize appropriate questions to ask an economist or an expert
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