ECON 3510 Study Guide - Midterm Guide: Economic Surplus, Demand Curve, Economic Equilibrium

Health Econ

Both the QALY and DALY methods seek to extend measures of health outcomes beyond mortality alone, adding either quality to life improvements (QALYs) or losses from disability (DALYs). Discuss the key differences in the way the QALY and DALY measures approach the task. Which would you prefer to be used by a health plan in which you were enrolled to guide treatment choices? Explain why.

In the lecture on Wednesday, it was asserted that improving the stock of human capital would improve an economy. Review the solution to question 5 of the first midterm from the summer of 2013 and explain in words why this assertion appears to be true.

*link of the solution for "question 5 ": https://drive.google.com/file/d/0B17ZfwbawmiFNFBOV1NVTEtyTTBKSnRwTmdKbE9LcDVIV2xF/view?usp=sharing