Important concepts from PAM readings

Important concepts from PAM readings - Important concepts...

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Important concepts from PAM readings Are elderly Drivers a Road Hazard? Policy analysts and makers have the difficult job if determining who the policy should apply to Consider federalism and dual government Things to consider when framing a problem…incidence (how prevalent the problem is)….casulaity ( how did the problem arise in the first place?)…severity ( combines incidence with the problem’s impact on individual lives)…is the issue a crisis?...characteristic of the problem population ( how the image of target groups is manipulated by contending parties.)…Values…Framing of solutions ( the trick is to find a solution that is affordable, acceptable and adaptable.) The effect of bicycle helmet legislation on biking fatalities An effective policy analyst should ask questions such as How does policy X impact outcome Y?... What would be the spillover effects of implementing policy X?... How does the cost of implementing policy X compare to the benefits it provides?...How well do our estimates forecast outcome Y?... Evaluating the effectiveness of policies related to drunk driving Legislation and policy making is largely impacted by interest groups. Consider the impact of other legislation that attempted to solve problem W Emprical Data (statistical information) is a very effective tool in proving ones case. As well as showing the methods by which data was obtained. Cost Benefit Analysis Cost benefit analysis is a broad based methodology developed by economists to assist in analyzing the advantages and disadvantages of a particular course of action. Can be both money costs and social costs Cost effectiveness analysis identifies the most effective uses of limilted resources Is a useful tool when evaluating various ways to implement a regulatory program CBA is a four step process… first task is defining the scope of the particular study…this is done by identifying the alternatives to a certain course of action Seconf phase requires the identification of the costs of the various alternatives, which involves drawing up program budgets etc…
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Third stage involves identifying and classifying the benefits derived from the following of each of the various courses of action (three types of benefits, direct, indirect, intangible) Direct is is a measurable saving that flows from a particulare course of action. Indirect is the secondary effects felt by an individual. Intangible is an effect that cannot be reduced to accurate economic terms Final stage involves the selection of a particular course of action The primary advantage of CBS is that it provide decision makers with an objective took that removes policy determination from being a purely intuitive exercise What is a life worth?
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