How was this cost-benefit calculated and communicated

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Assignment: Economics & Planning in the Real World

Select an economic development initiative that interests you. Ideally, this should be a project that have some personal experience (from NYC or Los angeles, San diego). Projects should be relatively recent (ideally from within the last 5 years, but given the development environments in some places, that may not be possible), and can be from anywhere in the world. You may select an effort that is private, public, or a public-private hybrid.

In write a paper that covers the following topic (at a minimum, feel free to expand on this):

Provide a BRIEF (3-4 sentences) description of the project.

Provide a context map, and please also provide a hyperlink for a project website, newspaper article, or other relevant context. Maps and links will not count toward the page count.

Provide a DETAILED assessment of the ways in which the projects demonstrates and application of at least the following topics we have discussed in class:

A. An effort to address (or shape) supply and demand for a good or service

B. At least two allocation decisions on the part of government and / or the private sector.

C. Discuss the specific resources) being allocated, and discuss the trade offs associated with ultimate decision(s).

D. A discussion of the cost/benefit decisions, either explicit or implicit, associated with the project. How was this cost/benefit calculated and communicated?

E. A consideration of the opportunity cost of the project decisions (which you can decide are good or bad, or both).

F. For each of the specific applications, I am interested in your exploration of WHO is benefitting, WHAT are the supply and demand components being balance (so, is demand for office space leading developers and the city to supply office space, and taking priority over a supply of other things?), and HOW the actors in the story are bringing incentives and other tools to bear. Feel free to support your perspective with quotes from articles, websites, or other materials.

Reference no: EM133757985

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