ABSTRACT
An economic analysis depends on quantitative, monetary estimates of the benefits and costs that are connected with an activity. This is true of both financial analysis and social benefit – cost analysis (SBCA). Chapter 6 discussed many of the differences between financial analysis and SBCA – what is included and what is excluded, and how to handle certain complications such as the correct pricing of foreign exchange and the use of shadow prices. Nevertheless, a major task is the determination of monetary values for project benefits and costs.
