{"id":8664,"date":"2025-07-15T18:48:14","date_gmt":"2025-07-15T15:48:14","guid":{"rendered":"https:\/\/www.econ.uoa.gr\/course\/eco492-%ce%ba%ce%bf%ce%b9%ce%bd%cf%89%ce%bd%ce%b9%ce%ba%ce%bf%ce%bf%ce%b9%ce%ba%ce%bf%ce%bd%ce%bf%ce%bc%ce%b9%ce%ba%ce%ae-%ce%b1%ce%be%ce%b9%ce%bf%ce%bb%cf%8c%ce%b3%ce%b7%cf%83%ce%b7-%ce%b5%cf%80\/"},"modified":"2026-04-17T14:31:33","modified_gmt":"2026-04-17T11:31:33","slug":"eco492-socio-economic-evaluation-of-the","status":"publish","type":"course","link":"https:\/\/www.econ.uoa.gr\/en\/course\/eco492-socio-economic-evaluation-of-the\/","title":{"rendered":"ECO492 - Socioeconomic Evaluation of Investments (Not offered in academic year 2025-26)"},"content":{"rendered":"<p><strong>Socio-economic Evaluation of Investments<\/strong><\/p>\n<p>\u039a\u03c9\u03b4\u03b9\u03ba\u03cc\u03c2: ECO492<br \/>\nSemester: The<br \/>\n\u0394\u03b9\u03b4\u03ac\u03c3\u03ba\u03bf\u03bd\u03c4\u03b5\u03c2: \u03a0\u03b1\u03c1\u03b1\u03c3\u03ba\u03b5\u03c5\u03ae \u039c\u03c0\u03bf\u03c5\u03c6\u03bf\u03cd\u03bd\u03bf\u03c5<\/p>\n<p><strong>Content<\/strong><\/p>\n<p><strong>Objective:<\/strong> To familiarize students with the Cost Benefit Analysis method for assessing the impact of development projects and policy measures on social welfare.<\/p>\n<p>The course is structured in 3 modules and includes 13 weeks of lectures.<\/p>\n<ul>\n<li><strong>Section 1:<\/strong> Investment decision criteria, development projects, link to public investment, concepts of return and Net Present Value<\/li>\n<li><strong>2nd section:<\/strong> Theoretical underpinnings - welfare, externalities, public goods, social justice, regulation<\/li>\n<li><strong>3rd section:<\/strong> Application of the method - shadow prices, social rate, risk analysis, income and environmental impacts, sustainability<\/li>\n<\/ul>\n<p>Exercises, use of spreadsheets and applications from energy, transport, water resources are included.<\/p>\n<p><strong>Evaluation:<\/strong> Mixed system with homework and classroom presentation.<\/p>\n<p><strong>Prerequisite:<\/strong> Investment appraisal (ECO426)<\/p>\n<p><strong>Matter modules:<\/strong><\/p>\n<ol>\n<li>Socio-economic and Financial Evaluation of Investments<\/li>\n<li>Public Interventions, Projects, Policy Measures<\/li>\n<li>Investment Criteria<\/li>\n<li>Evaluation of Public Policy Measures - Effectiveness &amp; Prosperity<\/li>\n<li>Consumer surplus<\/li>\n<li>Market Limits and State Intervention<\/li>\n<li>Economic feasibility<\/li>\n<li>Risk and Uncertainty<\/li>\n<li>Social Interest Rate<\/li>\n<li>Valuation of Non-marketable assets<\/li>\n<li>Social Policy Evaluation<\/li>\n<li>Sustainability - Private provision - Cost recovery<\/li>\n<li>Special Issues in Investment Evaluation<\/li>\n<\/ol>\n<p><strong>Teaching aids<\/strong><\/p>\n<p>&#8211; \u039c\u03ad\u03c1\u03b3\u03bf\u03c2 \u0393. (2009), <em>Socio-economic Evaluation of Investments and Policies<\/em>, Benou Publications, Athens. Volume A' Theory and Volume B' Applications and Exercises<br \/>\n&#8211; Boardman A., Greenberg D., Vining A., Weimer D. (2008), <em>Cost-Benefit Analysis: Concepts and Practice<\/em>, Pearson International Edition<br \/>\n&#8211; Florio M. (2014), <em>Applied Welfare Economics: Cost-Benefit Analysis of Projects and Policies<\/em>, Routledge Advanced Texts in Economics and Finance, NY<br \/>\n&#8211; European Commission, DG Region (2008), <em>Guide to Cost Benefit Analysis of Investment Projects<\/em>, Brussels<\/p>","protected":false},"parent":0,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":""},"course-type":[73,70],"semester":[84],"class_list":{"0":"post-8664","1":"course","2":"type-course","3":"status-publish","5":"course-type-73","6":"course-type-70","7":"semester-84"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course\/8664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course"}],"about":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/types\/course"}],"wp:attachment":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/media?parent=8664"}],"wp:term":[{"taxonomy":"course-type","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course-type?post=8664"},{"taxonomy":"semester","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/semester?post=8664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}