Economics & Cost Benefit Analysis for Policy Makers Training

Economics is a study of the production, distribution and consumption of goods and services. Applying Economics to Policy Making will equip you with the tools to allow you to gain a better understanding the allocation of resources, delivering public sector goods and services, and regulating the activities of the private sector. Learn to think like an economist and apply economic principles to the world around you.

Learning Outcomes

  • Gain a fundamental understanding of how economics can contribute to policy making
  • Understand how markets work, and under what conditions markets fail to deliver the best possible outcomes
  • Understand the concepts of market failure and the motives for government intervention and where government failure arises
  • Learn how to apply cost benefit analysis as a decision making tool
  • Understand the tools of macroeconomic policy management

Who should attend?

This course is aimed at those who are required to have an increased understanding of key economic concepts and terms used in publications and policy.  This course does not assume any prior economic knowledge.

Course Outline

What is economics- A context
•    A very brief history of economic thought
•    Microeconomics vs Macroeconomics
•    Economics and public policy

Core concepts of economics
•    Scarcity, the cost-benefit principle and opportunity cost
•    Exchange and the principle of comparative advantage
•    Production possibilities and efficiency
•    Specialisation, the division of labour and the gains from trade
•    Money vs. barter
•    Markets: supply, demand and the ‘Invisible hand’
•    Elasticities

Understanding markets
•    Economic surplus and efficiency
•    The impact of intervening in markets (e.g. taxes, subsidies price floors and price ceilings)
•    Market failure

o    Market power
o    Information asymmetries
o    Public goods
o    Externalities

•    Public Policy responses to market failures

o    Taxes or subsidies

– Case Studies: Taxes on alcohol, tobacco and energy products; subsidies on inoculations and housing for the poor

o    Regulation

•    Governmental failure

Cost Benefit Analysis
•    Key principles of cost benefit analysis (CBA)
•    Strengths and weaknesses of CBA as a decision making tool
•    Discounting procedures, choice of discount rate, treatment of risk and uncertainty
•    Evaluation framework, decision criteria, valuation techniques

Macroeconomics: A look at the Big Picture
•    The key macroeconomic aggregates

o    Economic Growth and Standards of Living
o    Productivity
o    Business cycles: Recessions and Expansions
o    Unemployment and the Labour Market
o    Inflation & Stagflation
o    Economic Interdependence between Nations

–    International trade
–    Free trade agreements
–    Trade imbalances
–    The current account and the capital account

•    Macroeconomic policy issues:
o    Fiscal policy

–    Social policy: education, health, welfare

o    Monetary policy
o    Structural policy
o    Environmental policy


Lecturing, participative discussion, and case study.


  • Certificate, Quality Training Kit (Pencil case: Erase, Bolpoint, Pencil, Tipe X, Stabillo, Flash Disk 8 GB), Bag,.
  • Training Material (HandOut & SoftCopy)
  • Convenient training facilities in stars hotel
  • Lunch and Coffee Breaks
  • Souvenir

Permintaan Brosur penawaran Training ( Harga, Waktu dan Tempat) silahkan Menghubungi kami.

Catatan :

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