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-Effectiveness Analysis (CEA)—which calculates outcomes like ‘lives saved’ per dollar spent. Discover how these quantitative methods are applied ex ante to inform funding decisions and ex post to review program effectiveness. We also touch upon key considerations, including the complexity of assumptions and ethical issues like equity and discounting future generations.

Episoder(61)

Monthly Global Economic Update: May 2025

Monthly Global Economic Update: May 2025

In this episode, we unpack ING’s latest global economic outlook for May 2025. From trade tensions and geopolitical uncertainty to shifting central bank policies, we explore why global markets are stag...

21 Mai 202516min

Adaptability- Behavioural Interview Questions- Career Conversations Series

Adaptability- Behavioural Interview Questions- Career Conversations Series

In this episode of our *Career Conversation Series*, we dive into strategies for mastering behavioral interview questions—especially for aspiring economists. We explore the value of the STAR method (S...

20 Mai 202511min

Effective Communication Strategies for Economists- Career Conversations Series

Effective Communication Strategies for Economists- Career Conversations Series

In this episode of Inside the Economist’s Mind, we delve into the art of effectively communicating intricate economic concepts to diverse audiences. Economists often grapple with the challenge of maki...

19 Mai 202511min

Analytical Skills for Economist- Career Conversations Series

Analytical Skills for Economist- Career Conversations Series

In this episode, we delve into the vital role of analytical skills in the field of economics. Drawing from two insightful sources, we examine how economists can both showcase and sharpen their analyti...

19 Mai 202511min

Economist Conflict Resolution- Career Conversations series

Economist Conflict Resolution- Career Conversations series

In this episode, we explore why conflict resolution skills are essential for economists striving to excel in their careers. Drawing insights from two key sources, we break down seven critical areas—in...

19 Mai 202514min

Maximize Team Collaboration in Economics with Diverse Skills-Career Conversations Series

Maximize Team Collaboration in Economics with Diverse Skills-Career Conversations Series

In this episode of *Inside the Economist’s Mind*, we explore strategies for optimizing teamwork among economists with diverse skill sets. Effective collaboration is crucial in economic analysis, where...

18 Mai 20258min

Prioritising Economic Analysis Under Tight Deadlines - Career Conversations Series

Prioritising Economic Analysis Under Tight Deadlines - Career Conversations Series

In this episode of Inside the Economist’s Mind, we delve into the art of managing tight deadlines in economic analysis. Facing pressing timelines is a common challenge for economists, and mastering ti...

18 Mai 20258min

Quarterly Energy Dynamics Q1 2025

Quarterly Energy Dynamics Q1 2025

Join us as we unpack the key developments in Australia's energy markets for Q1 2025. This episode offers a deep dive into the latest trends in the National Electricity Market (NEM) and the Wholesale E...

16 Mai 202519min

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