Evaluation of Policy Alternatives - The two basic evaluation tools: CBA and MCA
8 important questions on Evaluation of Policy Alternatives - The two basic evaluation tools: CBA and MCA
What are the 2 techniques for ex-ante evaluation?
- Cost-benefit analysis (CBA) (economics)
- Multiple Criteria analysis (MCA) (decision)
What is the key focus of the CBA technique?
What is needed for CBA to function well?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What is the main focus of the multiple criteria analysis (MCA)?
What is needed for an MCA to function well?
- All criteria have to have weights showing their relative importance
- All scores have to be standardized to a common scale
What is done when a concept is vague and ambiguous, and how?
- Show long-term future impacts
- Look from the global perspective
- Include the three key components: economic, social and environmental
- Stakeholder understanding and accountability
Why do you need to recognize the importance of the global perspective?
Why do you have to include social, economic and environmental elements?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
