SPE Course: An Overview of Cost-Benefit Analysis

This course provides an 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.

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).

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.

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