Economic of public policy
Choose ONE of the following projects for your analysis:
1. A new sporting stadium
2. The development of new tram routes in Adelaide
3. The construction of a new Royal Adelaide Hospital
1. Discuss the economic arguments for and against the use of public funds for these projects (50%).
2. Imagine you are part of a team conducting a cost-benefit analysis of one of these. Consider any two possible benefits and discuss how you would go about measuring their effect and what assumptions would need to be made (50%).