This course provides an introductory overview of cost-benefit analysis (CBA). The course begins by revisiting the foundations of CBA before moving to topics of interest to practitioners, including non-market valuation, discounting, distributional analysis, regulation and summary measures. Attendees will benefit from insights from the literature accompanied by case studies to illustrate key concepts. Drawing on their experience, Catherine and Ken will also provide insights into how CBA plays into decision making in the UK government.
This course is suitable for:
– Economists working on CBA who would benefit from an introductory overview to expand their knowledge in this area to support current or future work.
– Economists who may not actively work on CBA but wish to expand their knowledge in this area.
Catherine Connolly has worked on a wide range of economic topics across the public and private sectors, covering macroeconomic forecasting, globalisation and cost-benefit analysis, including working on the 2018 edition of the Green Book.
Catherine was in the British Civil Service between 2001 and 2018 where she was a member of the Government Economic Service and the Senior Civil Service. She worked at HM Treasury, the Department for Environment, Food and Rural Affairs (Defra) and at the former Department of Trade and Industry (DTI). She has also worked for Deutsche Bank in Frankfurt, the New Zealand Treasury and the Reserve Bank of New Zealand.
Catherine is the founder of economicsense, a specialist economics training provider and on the Council of the Society of Professional Economists. Catherine also lectures in policy economics at Leeds University.
Ken Warwick is an independent economics consultant. Until April 2018, he was a member of the UK Regulatory Policy Committee (RPC) and before that had 35 years’ experience as a senior economist in UK Government and international organisations.
During his time in the UK Government, Ken was Chief Economic Adviser and Director of Analysis in the UK Department for Business, Innovation and Skills (BIS). He was also a senior economist in the UK Department of Trade and Industry, the UK Foreign and Commonwealth Office and the IMF in Washington.
As a member of the RPC, Ken led on CBA methodology and the economics of regulation and reviewed hundreds of Regulatory Impact Assessments. He has spoken at OECD and international events on cost benefit analysis and led numerous cost-benefit analysis studies while in Government.