Daily Assignment Sept 3 - Daily Assignment#1 Policies and Policy Analysis Choices Based on Advantage and Disadvantage Monday September 3 Readings

Daily Assignment Sept 3 - Daily Assignment#1 Policies and...

This preview shows page 1 - 2 out of 2 pages.

Daily Assignment #1 Policies and Policy Analysis: Choices Based on Advantage and Disadvantage Monday, September 3 Readings Benjamin Franklin, Letter to Joseph Priestley Wikipedia entry, “Opportunity Cost” Stokey & Zeckhauser, Measuring the Cost of a Project, pp. 151-153 Eugene Bardach, A Practical Guide for Policy Analysis (ENTIRE BOOK) Key Concepts Opportunity cost what was sacrificed for chosen outcome; cost of any activity measured in terms of the value of the next best alternative Evaluative criteria the aspects of the world that could get better or worse as a result of different ways of addressing that situation; dimensions along which various possible outcomes will be judged Implicit vs. explicit costs implicit: opportunity costs that a producer already owns, what owned factors could earn if put to use in another manner Explicit: costs that involve direct monetary payment by producers, not already owned Policy alternatives Problem definition should include a
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Fall '11
  • Kleiman
  • Eugene Bardach

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors