| CODE | MRT5160 | ||||||
| TITLE | Cost-benefit Analyses, Rationality and Ethics | ||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 5 | ||||||
| DEPARTMENT | Moral Theology | ||||||
| DESCRIPTION | The notion of rationality underlying rational choice theory, and its repercussions for business decisions will be examined, together with the question as to whether cost-benefit analysis provides an ethically defensible way of making business decisions. The nature of capitalism and economic liberterian theory and their implicit view of human nature will be evaluated as will economic and ethical challenges presented by contemporary economic systems. Study-unit Aims This study unit aims at bringing out the implicit anthropological view present in contemporary economic theories and business practices. It will outline the ethical opportunities and challenges presented by contemporary business theories and practices. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - have a clear understanding of the notion of rationality underlying rationale choice theory, and its ethical repercussions for business decisions. - understand clearly the nature of capitalism and economic liberterian theory and their anthropological presuppositions. 2. Skills: By the end of the study-unit the student will be able to: - critically respond to the question as to whether cost-benefit analysis provides an ethically defensible way of making business decisions. - evaluate and respond critically in his or her business practice to implicit questions with respect to the nature of capitalism and economic libertarian theory and their view of human nature. Main Text/s and any supplementary readings - Economics, Ethics and Public Policy, edited by Charles K. Wilber, Rowman and Littlefield Publishers, 1998. - Cost-benefit Analysis for Public Sector Decision Makers, Diana Fuguitt, Shanton J. Wilcox, Quorum Books, 1999. - New foundations of cost-benefit analysis, MD Adler, EA Posner, Harvard, 2006. - Democracy, social values, and public policy, D Maclean, Praeger Publishers, 1998. - Cost-benefit analysis: environmental and ecological perspectives, K Puttaswamaiah, Transaction Publishers, 2002. - Cost-benefit analysis, EJ Mishan, E Quah, Routledge, 2007. - Cost-benefit analysis: theory and application, TF Nas, Sage Publications, 1996. - Ethical theory and business, TL Beauchamp, NE Bowie, DG Arnold, Prentice Hall, 2001. - Cost-benefit analysis : concepts and practice, Anthony E. Boardman, Prentice Hall, 2006. |
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| STUDY-UNIT TYPE | Lecture and Independent Study | ||||||
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| LECTURER/S | David Cortis |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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