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EPRN Professional Course: Cost Benefit Analysis
From Monday, August 27, 2018 -  18:00
To Friday, August 31, 2018 - 20:30

EPRN Professional Course

Call for applications for “Training on Cost Benefit Analysis)”

27th – 31st August 2018 (EVENING SESSIONS)

College of Business and Economics-Gikondo Campus, Kigali, Rwanda


Training dates: 27th – 31st August 2018 (5 DAYS from 6PM-8:30PM)
Location: Kigali (UR-CBE, former SFB)
Fees:  (5,000 Rwf for EPRN members and 20,000 Rwf for non-members)
Award: Completion certificate


This training course provides the opportunity to learn everything you will need to carry out effective cost-benefit analyses, the risk and uncertainty involved, and how to handle the various different types of information available. The skills you will gain will allow the administration of more accurate and reflective cost-benefit analyses through improved methods and processes

1. Course Objectives

By the end of this course the participants will have skills about:
•    A formal understating of the key principles of cost-benefit analysis
•    Methods for quantifying costs and benefits
•    Expertise in dealing with risk and uncertainty
•    A practical example of building a simple cost benefit model
•    Exploration of the value of non-market impacts

2. Expected course outline

The trainer is expected to deliver training on the following topics:

Introduction to cost-benefit analysis

  • Aim of cost-benefit analysis
  • Importance to policy-makers and link to Impact Assessment
  • Importance to regulated utilities and infrastructure investment
  • Ex ante and ex post cost-benefit analysis
  • Guidance documents (including Treasury Green Book)

Basic issues in cost-benefit analysis

  • Defining the baseline
  • Identifying costs and benefits
  • Transfers and distributional impacts
  • Using market prices to value impacts
  • Taking account of inflation and relative price changes
  • Discounting (How to discount future impacts, What discount rate to use)

How to deal with risk and uncertainty

  • The importance of thinking about risk and uncertainty
  • Scenario and sensitivity analysis
  • Monte Carlo analysis
  • Real options

In more detail: how to quantify costs and benefits

  • Challenges in quantifying costs and benefits
  • Methods of collecting data and analyzing impacts (Stakeholder engagement, Market research, Behavioral experiments, Statistical analysis, Case studies, Modelling)
  • Assessing the additionally of impacts
  • Adjusting for optimism bias

How to value non-market impacts

  • Why non-market impacts are important
  • Techniques for valuing non-market impacts (Using existing valuations, Stated preference, Revealed preference)
  • Examples of how to value non-market impacts (Time savings, Carbon impacts, Other environmental impacts

3. Duration

This is a five days program (Monday 27th to Friday 31st August 2018, from 6PM-8:3-PM).

4. Application process

Interested applicants are encouraged to pay the registration fees through the following bank details:

  • Bank Account: 00040 06945750 07 RWF
  • Title of the Account: Economic Policy Research Network
  • Bank: Bank of Kigali (BK)

Scan the bank slip and send it to:  OR bring the hard copy of bank slip to EPRN office at UR-CBE Gikondo by not later than Friday 24/08/2018, 5pm. Later on, paid participants will receive training materials prior to training date.

Payments may also be made through MTN Mobile Money. Send to this number and call her to indicate your name: Mrs Helene Kabarere (0783131920)

NB: Applicants are required to bring their laptops.

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