Extract from Unit Outline:
The Task: In the second assessment that needs to be submitted you are required to prepare a financial vs economic table and a table summarising, for each project or program impact (i.e. costs & benefits), the valuation technique you have chosen. The analytical differences in the chosen valuation techniques should be outlined. These valuation techniques are explained in the lectures and in the course/unit readings (on Moodle). Examples are given in the exercises that relate to Kingsford Smith Airport that is in the Tutorial outline that can be found in Week 2 block of this site.
In response to a number of student queries I offer this guidance:
- What level of detail do we have to go in to?
- TWO TABLES ARE A GOOD WAY TO DISPLAY THIS INFORMATION. ONE TABLE COULD BE BASED ON THAT IN WEEK 4 OF THE KSA EXAMPLE, `INCIDENCE OF COSTS AND BENEFITS OF THE THIR RUNWAY AT KSA.’; AND THE ONE WITH THE HEADING `FINANCIAL VS ECONOMIC IMPACTS OF THIRD RUNWAY’. You need not stick to these exact labels but feel free to build on these tables so as to display your important information.
FOR EXAMPLE IN THE TABLE, EITHER IN A SEPARATE COLUMN OR A NOTE IN THE TABLE BELOW THE COST YOU MAY INDICATE THE APPROPRIATE VALUATION TECHNIQUES, SUCH AS MARKET PRICES, CV, PLUG- INS ETC. THAT IS, YOU AIM TO GIVE THE READER AN INDICATION OF THE VALUATION TECHNIQUE THAT MIGHT BE USED FOR EACH IMPACT IS REQUIRED.
MORE MARKS CAN BE GAINED FOR GREATER DETAIL OF THE VALUATIONS YOU WILL USE OR YOU MIGHT LEAVE THESE UNTIL THE FINAL PROJECT REPORT. FOR EXAMPLE YOU MIGHT SAY YOU ARE MEASURING AN IMPACT WITH CV BASED ON A SURVEY; OR FOR ANOTHER IMPACT SUCH AS LABOUR YOU MAY USE WAGE COSTS DERIVED FROM DATA AT THE ABS AND PERHAPS MENTION THE ABS CODE FOR THE RELEVANT COLLECTION. BUT THIS TAKES US FURTHER THAN STRICTLY ASKED FOR IN THIS BRIEF ASSIGNMENT. IF YOU ARE FINDING UNIQUE DATA SOURCES OR PLUG-IN DO LET US KNOW THAT THEY ARE AS THESE REFLECT FURTHER ADVANCED RESEARCH ON YOUR PART.
