A Guide to Cost-Benefit Analysis

A Guide to Cost-Benefit Analysis

In this episode, we dive into the Australian Government's latest guidance from the Office of Impact Analysis (OIA) on using cost-benefit analysis (CBA) to shape smarter, more accountable policy decisions. Discover the nine essential steps to conducting a robust CBA—from identifying policy options to valuing future impacts—and learn how to navigate common challenges like quantifying intangible effects and ensuring intergenerational equity. Whether you're a policymaker, analyst, or curious citizen, this conversation unpacks why CBA is a cornerstone of good governance and how it helps deliver better outcomes for communities and the economy.

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Episoder(63)

Stop Showing Your Work: How to Speak Like a Senior Economist

Stop Showing Your Work: How to Speak Like a Senior Economist

Are you tired of losing your audience's attention during technical briefings? In this episode, we break down the essential communication skills every economist needs to move from "technical accuracy" ...

28 Jun 22min

High-Impact Webinar Strategy for Analysts

High-Impact Webinar Strategy for Analysts

This episode explores the following key themes and strategies:Shifting from Reports to Narratives: The discussion emphasizes that webinars for analysts should not be mere "report readings" but structu...

28 Jun 13min

CBA vs. CEA: The Economic Evaluation Tools Shaping Government Decisions

CBA vs. CEA: The Economic Evaluation Tools Shaping Government Decisions

Learn the different economic evaluation methods used to ensure efficient resource allocation. We explore when to use Cost-Benefit Analysis (CBA)—which converts all benefits into dollar values—and Cost...

15 Nov 202512min

The Subjective Assumptions Shaping CGE Models and Australian Economic Policy

The Subjective Assumptions Shaping CGE Models and Australian Economic Policy

Computable General Equilibrium (CGE) modelling is a central element of economic and policy debate in Australia, used for decisions ranging from tax reform to the approval of major projects. This repor...

15 Nov 202533min

Treasury Modelling Secrets: Macro Forecasts, Tax Policy & CGE/OLG Models

Treasury Modelling Secrets: Macro Forecasts, Tax Policy & CGE/OLG Models

Discover the complex economic models shaping fiscal advice at The Treasury. This review explores the critical recommendation to move away from the current 3-phase forecasting approach and embed a new,...

14 Nov 202513min

DSGE Models: Crisis, Financial Frictions, and the Future of Macro Policy

DSGE Models: Crisis, Financial Frictions, and the Future of Macro Policy

Dynamic Stochastic General Equilibrium (DSGE) models are the leading, transparent tool for macroeconomic policy assessment. Discover why these models failed to predict the 2008 financial crisis, and h...

13 Nov 202514min

Australia's Economic Race: Capacity Constraints, Inflation Targets, and the Path Off the Rail | RBA Outlook

Australia's Economic Race: Capacity Constraints, Inflation Targets, and the Path Off the Rail | RBA Outlook

Delve into the Australian economic outlook with insights derived from the speech of Andrew Hauser, Deputy Governor of the Reserve Bank of Australia (RBA). This episode explores the "unusual challenge"...

12 Nov 202516min

RBA Rate Hold (3.60%): Australia's Persistent Inflation and Capacity Pressures | Nov 2025 SMP

RBA Rate Hold (3.60%): Australia's Persistent Inflation and Capacity Pressures | Nov 2025 SMP

In this episode of Inside's Economist's Mind, we break down the Reserve Bank of Australia’s (RBA) decision in November 2025 to leave the cash rate target unchanged at 3.60 per cent.Drawing on the late...

12 Nov 202514min

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