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%).

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