Health Sciences 2045A/B Lecture Notes - Lecture 7: Opportunity Cost, Natural Units, Environmental Health

• School: Western University
• Department: Health Sciences
• Course: Health Sciences 2045A/B
• Professor: Denise Grafton

Document Summary

At the end of the session, participants will be able to: Define economic evaluation and distinguish different types of analyses. Discuss the role of cost-effectiveness analysis in health policy decision making in canada. Identify the cost items and cost categories required to cost a health intervention. Methods for estimating the costs of health interventions. Approaches to estimating costs and health consequences. Use of economic evaluation in canada and the world. Economic evaluation: the comparative analysis of alternative courses of action in terms of both their costs and consequences . The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources thomas sowell. The first rule of politics is to ignore the first rule of economics- thomas sowell. Decision makers require support in deciding how best to allocate scarce resources. Natural units (e. g. life years gained, premature births avoided)