Formulation Step Supporting Information

Economic Specification Sheet: Cost Benefit Analysis Read abstract

Cost benefit analysis is a means of project or policy appraisal. It involves identifying and measuring, in monetary terms, as many of the costs and benefits as possible that relate to a particular project to capture the trade-off between the benefits to society and the resources that society must give up to obtain those benefits.
Economic Specification Sheet: Economic Valuation Read abstract

Monetary and non-monetary methods for ecosystem services valuation are used to establish how ecosystem services and their identified changes are valued by individuals.
Economic Specification Sheet: Financial Analysis Read abstract

Financial analysis is based on microeconomic theory and is used to model the production process, the core of the economic activity at the level of firms or groups of firms.
Economic Specification Sheet: Input Output Analysis Read abstract

Input-Output multipliers can be used to assess the regional (or national) economic impacts from an activity. The multipliers are derived from an Input-Output table or matrix.
Economic Specification Sheet: Multi Criteria Analysis Read abstract
Support Paper: Economics for System Formulation

Multi-criteria analysis compares measurable sets of criteria to assess in how far different options are achieving intended objectives and/or result in unintended side-effects.