The purpose of deliverable 3 is to flesh out ideas and fill in any missing sources. The final project in this class is to convert a completed program evaluation, impact analysis, or cost-effectiveness analysis into a benefit-cost analysis. The goal of the project is to produce an 8-10 double-spaced page memo (2000-2500 words) for a policymaker who is not an economist or benefit-cost expert, but needs to make a decision about whether or not the policy/program that you are analyzing should be pursued.
What to hand in
An outline 5 pages in length or less.
As before, your outline should have a statement on the top that says what the purpose of your analysis is and cites the impact analysis that you are using as the center of your argument.
You need to have a detailed outline (i.e., first and second level organization) of your project, and within each of the subsections, at least one potential source. Here you should start filling in the pieces of your analysis. This might include some simple calculations for impact of your policy, a list of the potential benefits and costs and what markets they might be measured in, sources for where you will obtain these benefits and costs, thoughts about the population that will have standing in your analysis, what kind of discounting you might need to use, etc.
MIT has kind of a nice example of a detailed outline: Sample Detailed Outline. Links to an external site.All sources must be cited in author/date format within the text, using the Chicago style Links to an external site., author-date format.
This more detailed outline should build upon the outline you turned in during week 4. I will state again here the same reminder as before: at the end of this project, you will need to have described how this policy works, figured out who gains and loses in society, what the scope of these gains and losses are, and how big they might be. At this point, you should start fleshing out a section that describes your scope and time frame assumptions, and you need to begin finding numbers to put in a final table that lays out the value of the benefits and costs of your policy.
Last Completed Projects
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