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This bumper lesson looks at cost-benefit analysis in a lot of detail. The lesson looks at what a CBA is and how it impacts firms and governments. I have included all the key theory on the topic plus many great examples of when cost-benefit analysis was used. Below is a break-down of the lesson objectives:
ALL Students will understand the main pros and cons of carrying out a cost-benefit analysis.
SOME students to understand a few economic examples of when a cost-benefit analysis should be used.
I have included a student copy of the lesson to go alongside the main PPT. I have also included a market failure bingo game, a market failure quiz with answers and a CBA group task. This lesson is aimed at Economics but could also be useful for Business Studies.