Cost-Benefit Analysis for Federal Regulators: Application (FON203)

Overview

Delivery method

Virtual classroom

Online

Duration

10.5 hours (2 sessions of 2.5 hours and 5.5 hours self-paced)

Audience

Functional specialists

Regulators

Description

Required equipment for virtual courses

To fully participate in the School's virtual courses, you must have a camera and a microphone.

Cost-benefit analysis (CBA) is a structured approach used to identify and assess potential outcomes to better inform decisions. This course explores the intricacies of the CBA process and emphasizes how rigorous analysis is pivotal to supporting evidence-based decision-making specifically by federal regulators. Participants will acquire the skills needed to conduct a basic CBA to support the creation of a regulatory impact analysis statement (RIAS).

Topics include:

• revisiting the theoretical foundations of CBA
• building CBA models
• assessing potential positive and negative outcomes
• supporting quantitative, qualitive and monetizing analyses
• summarizing results and drafting recommendations for decision-makers

Notes:

This course uses a blended model that combines self-paced individual and facilitated virtual group learning sessions.

Learners who are unfamiliar with the basic concepts of cost-benefit analysis are encouraged to complete Cost-Benefit Analysis for Federal Regulators: Introduction (FON202) prior to registering for this course.