PAF 101 Chapter 7: PAF: Chapter 7
Document Summary
(12 pts -- 10 pts for the outline; 2 pts for following the directions/guidelines) Chapter 7 examining the benefits and costs of a policy. Your goal: to identify and rate the benefits and costs of a policy. How to make a more systematic forecast of one of the benefits. A careful consideration of a policy"s effectiveness means making estimates of both the future desirable consequences of a policy, called benefits. A successful policy nefits outweigh the costs. Failure to evaluate policies hurts policy-making by: Policies that do not work may be continued. Policies that do work may be abandoned. Potential lessons from our mistakes are lost. Policy-makers are not held accountable for what they do. Benefits can be tangible(money) and intangible (sense of security) Not all benefits and costs are equally important. One must decide which costs ad benefits are most important when picking alternative policies. Simple method for calculating a benefit-cost ratio .
