What is economic evaluation?
Economic evaluation is an umbrella term that refers to
studies assessing the health and economic impact of
public health policies, programs, and activities.
Economic Evaluation is not a field by itself. Rather, it
is a generic term we use to refer to studies from
various other fields that can be used to assess the
value of public health. Some examples of fields and
studies relevant to economic evaluation are:
Burden of disease
- Analysis of exposure to risk factors
- Efficiency and quality improvement
Cost of illness
- Decision modeling
- Health outcomes simulation
can economic evaluations answer?
These studies can improve our understanding of the value of
public health by contrasting our investments in these
programs with their health and economic benefits.
Moreover, it seeks to provide answers to questions
decision makers ask (or should ask). These are some
examples of these questions and the type of analysis
that can be used to answer them:
How important is
this health problem? (Burden-of-disease
or cost-of-illness studies)
intervention work? (Effectiveness
How do the benefits of the intervention
compare to its costs?
(Cost-effectiveness analysis or
What would be the
consequences of lowering or increasing
our investments in this intervention or
These and other similar questions are
becoming increasingly common in Public Health and the
Policy Analysis Unitís role is to help answer them.
Where can I learn more?
Introduction to Economic Evaluation and
Health Impact Assessment pages first . We also have a list of