I very much doubt that the NEBOSH Diploma syllabus covers the economics of safety decisions at macro level (countrywide policy decisions etc) and external costs etc, but some of the MSc courses cover it.
I tend to disagree that most of the fatalities to "Employees" were not preventable or it would not have been SFAIRP to have control measures. I have take some trouble to read the descriptions--although very brief, it will be obvious to most that it probably would not have require much to prevent the fatalities. The challenge here is not to increase regulatory burden ( as the risks and control measures are known), but what would it take to change the behaviour of the "cowboy employers". (assuming that in a majority oif the employee fatalities, the significant breach was on part of the employer)
Various govt departments use "value of life" etc in thier cost benefit analysis.
HSE principles for Cost Benefit Analysis (CBA) in support of ALARP decisions.
http://www.hse.gov.uk/risk/theory/alarpcba.htmCost Benefit Analysis (CBA) checklist :-
http://www.hse.gov.uk/risk/theory/alarpcheck.htmIt provides "values" of preventing fatalities
The setting of safety standards --a report by an interdepartmental group and external advisers
This report is about health and safety standards in general (including the health and safety
dimensions of environmental standards). It does not comment on specific standards, except
by way of illustration.
It is concerned with the balancing higher levels of safety against higher costs, and with the
role of absolute limits for safety risks. It is concerned especially with bridging the gap
between, on the one hand, information about risks and costs and public values and
preferences and, on the other hand, the development and the presentation of public policy
measures which are efficient, fair and publicly acceptable. It is therefore about the
economic, psychological, ethical and administrative aspects of safety standards. It is not
directly concerned with the scientific analysis of levels of risk, nor with the equally crucial
issue of enforcement.
http://archive.treasury..../html/docs/soss/soss.pdf The Green Book sets out the core principles on which all public sector economic assessment is based. Supplementary guidance has been produced developing further how these principles should be applied in specific areas such as managing risks, optimism bias, competition, impact assessments and taxation in PFI and the public sector comparator. More detailed departmental guidance is also available, applying the Green Book to areas such as health, the environment, transport and the shadow price of carbon.
http://www.hm-treasury.g...a_greenbook_guidance.htm