This course studies basic issues in the evaluation of business and public projects and decisions. Topics include: evaluation of business projects and decisions-capital budgeting, cash flow, risk, strategic options, and valuation by ratio; cost and benefit analysis of public projects and decisions–investment/decision criteria, identification and measurement of costs and benefits, discount rate, risk, cost effectiveness analysis, and income distribution.

CILO-1: Identify and measure the cash flows of a business project/decision/event and evaluate the profitability of it. CILO-2: Identify and measure the social benefits and costs of a public project/decision/event and evaluate the net social benefit of it.