A critical analysis of public policy decisions requires a far greater depth of knowledge than can be received from news reports & political speeches Issues such as how best to reduce traffic congestion reduce acid rain improve airline safety or develop a parcel of land are better understood by organizing measuring & weighing the effects of alternative policies The Economic Analysis of Public Policy now in its second edition is the ideal introduction to benefit-cost analysis the economics of efficiency risk analysis & present value & is suitable for those with only a modest background in mathematics & economics This brand new edition of the book has been rigorously updated throughout in terms of examples & data references issues covered & layout & pedagogical features Key concepts are reinforced through multiple problems & discussion questions within each chapter This latest edition contains extra material on loss aversion global warming technology & US health care reform as well as a wider range of international examples Extra tables have been included in order to clarify more complicated issues Instructors will also benefit from the new companion website which will offer power point presentations answers to end of chapter questions & a test bank This textbook encourages its readers to understand & apply key concepts whilst also learning to appreciate policy analysis as part of an interdisciplinary analytical & political process that can lead to better government policy decisions It is an ideal teaching tool for undergraduate & postgraduate students engaged in Public Administration Public Economics & Public Policy