Lesson 5 · Other Designs and Approaches to Know · Step 5 of 7
Economic evaluations
Knowing an intervention works leaves a second question: is it a good use of a finite budget? Money spent on one program is money not spent on another that might save more lives. Cost analysis asks what delivery costs. Cost-effectiveness analysis divides cost by a natural outcome, like infections averted. Cost-utility analysis uses a common metric such as DALYs or QALYs, so interventions for different diseases can be compared, and cost-benefit analysis puts everything in money. The summary number is the incremental cost-effectiveness ratio.
Also covered: cost-effectiveness analysis · DALYs and QALYs · incremental cost-effectiveness ratio · cost-benefit analysis
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Lesson 5 · 7 steps
Research Designs · lesson 5 of 5