Listen "CBA vs. CEA: The Economic Evaluation Tools Shaping Government Decisions"
Episode Synopsis
Learn the different economic evaluation methods used to ensure efficient resource allocation. We explore when to use Cost-Benefit Analysis (CBA)—which converts all benefits into dollar values—and Cost-Effectiveness Analysis (CEA)—which calculates outcomes like ‘lives saved’ per dollar spent. Discover how these quantitative methods are applied ex ante to inform funding decisions and ex post to review program effectiveness. We also touch upon key considerations, including the complexity of assumptions and ethical issues like equity and discounting future generations.
More episodes of the podcast Inside the Economist’s Mind
RBA Rate Hold (3.60%): Australia's Persistent Inflation and Capacity Pressures | Nov 2025 SMP
12/11/2025
Critical Minerals War: US & Australia Challenge China's 'Iron Grip' on Rare Earths Supply Chains
06/11/2025
The Barossa Billions: Methane Cover-Up, Zero Royalties, and Australia's Looming Gas Export Crisis
06/11/2025
Australia's Green Hydrogen Collapse: Why High Costs and Uncertain Demand Grounded Major Projects
25/10/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.