7. Health Economics Flashcards
1
Q
What is economics, and health economics?
A
Recognises resources are scarce, evaluates services and benefits, provides information to assist in the allocation of scarce resources.
Health economics offers a systematic and transparent framework for analysing the consequences from alternative choices.
2
Q
What is economic evaluation?
A
Comparative analysis of alternative courses of action in terms of both costs and consequences. Should identify, measure, value and compare all relevant costs and consequences.
3
Q
What are the main types of economic evaluation?
A
Cost-effectiveness analysis, cost-utility analysis (i.e., health related quality of life), cost-benefit analysis
4
Q
What are the steps in an economic evaluation?
A
- Evaluation question
- Comparison group
- Perspective
- Identification, measurement and valuation of costs
- Identification, measurement and valuation of consequences
- Comparison of costs and consequences
