Course Overview

Cost benefit analysis (CBA) lies at the heart of policy appraisal in Government and increasingly for the private and voluntary sector too. For CBA to be useful in informing resource allocation decisions, we need to accurately measure all the causal impacts of the policy and to attach a monetary value to them.

Course Quick Facts Course Facts


One Day


£430 + VAT

Summary Summary

Part 1: Cost-Benefit Analysis

  • Introduction to the theory of CBA


Part 2: Measuring policy impacts

  • Problems with standard approaches (e.g. market research)
  • Accounting for context - the MINDSPACE way
  • Using experiments to assess policy
  • Lab
  • Field (live testing)


Part 3: Measuring value

  • Preference-based approaches to valuation
  • Revealed
  • Stated
  • Problems with preferences
  • Subjective wellbeing
  • Different Measures
  • Monetising wellbeing
  • Problems with subjective wellbeing


Part 4: Wrap up and recommendations

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Prerequisites Prerequisites


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