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Textbook Notes for ECON361 at University of Waterloo (UW)

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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 3: Hicksian Demand Function, Budget Constraint, Indifference Curve

OC10519755 Page
23
Purpose: to review the microeconomic and welfare economic underpinnings of cba (assuming perfect competition). Individual demand curves slope down (hav
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 16: Human Capital, Dependent And Independent Variables, Monongahela River

OC10519758 Page
4
Purpose: to review the existing estimates of shadow prices and to provide a best estimate for application in future cbas. It also presents and discusse
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 15: American Broadcasting Company, W. M. Keck Observatory, Deadweight Loss

OC10519758 Page
6
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 7: Summary Statistics, Worst-Case Scenario Series, Sensitivity Analysis

OC10519754 Page
18
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 8: Pareto Efficiency, Adverse Selection, Moral Hazard

OC10519753 Page
33
Purpose: to develop option price as the conceptually correct measure of wtp in circumstances in which individuals face uncertainty. The expected social
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 12: Social Discount Rate, Deadweight Loss, Aid To Families With Dependent Children

OC10519757 Page
6
Purpose: valuing costs and benefits from experiments and quasi experiments. Conducting a cba requires a comparison between alternatives (usually the pr
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 2: Social Welfare Function, Pareto Efficiency, Pareto Principle

OC10519755 Page
14
Purpose: introduction to pareto efficiency (primary definition of allocative efficiency). Cba is a framework for measuring allocative efficiency. Alloc
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 20: British Columbia Highway 5, Ex-Ante, Opportunity Cost

OC10519753 Page
6
Purpose: the usefulness of cba depends on its accuracy. Cba is to conduct ex ante/ex post or ex ante/in medias res comparisons, which were introduced i
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UWECON361Fiona RahmanSpring

ECON361 Chapter Notes - Chapter 19: Demand Curve, Upper And Lower Bounds, Marginal Utility

OC10519754 Page
3
Purpose: to consider the rationale for, and review methods of, distributional weighting in cba. Therefore, analysts often break benefits and costs into
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UWECON361Fiona RahmanSpring

ECON 361 Chapter 9: boardman_im_ch09

OC10519752 Page
2
Purpose: to define existence value (as a benefit category) and discuss the theoretical and empirical problems analysts face in using it. Social benefit
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