Objectives:
The students are able to discriminate between the different perspectives of evaluation. If confronted with an evaluation report - be it an academic article or a report written
by a practitioner - they know how to judge the reliability of the published results as they have deepened their knowledge on the scope and the limitations of evaluation
methods. Furthermore the participants are able to do own economic evaluations: They know which approach to use (1) to respond to a given demand for evaluation, and (2)
which methods to apply to evaluate a given set of interventions. Contents/Structure: The lecture starts with a general introduction into the needs for and perspectives of
economic evaluation, discusses the place of evaluation in the "project cycle" and addresses some general challenges to economic evaluation. It then presents different
perspectives of economic evaluation and shows approaches which are appropriate to reflect these perspectives
Chapter 1: Introduction
Chapter 2: Financial evaluation of private investments: The firm's perspective
Chapter 3: Economic valuation of public interventions: The society's perspective