Economic Analysis

T/F: Quality is always directly correlated with cost.

What are the three types of economic analysis?

Cost minimization study compares the cost of two interventions of the same _________.

Cost effectiveness studies compare the cost of two interventions with ________ benefits.

The benefit is measured in terms of _________.

Cost utility is the outcomes in terms of _____________.

Cost benefit studies compare costs and benefits in terms of ________.

Quality-adjusted life year is _________.

To measure QALY, 0 means _____, 100 means _______.

EQ5D is a measure of _______.

ICER stands for ____________.

ICER is calculated by __________.

T/F: Costs is measured by how much the society spends on the intervention.

Special analysis in CEA studies:

The cost-effective analysis plane is also called the ________.

Tornado plots demonstrates which estimates contribute most to the ________.

Two axes on Monte-Carlo plane

Two essential applicability questions to ask for economic analysis studies are:

Internal vailidy questions on economic analysis:
1. Did the research question clearly and accurately define the _____ compared?
2. Was the ______ of the analysis defined? (individual, societal, organizational)
3. Were the important and relevant __________ identified?
4. Were the ______ properly measured and valued?
5. Was appropriate allowance made for uncertainties in the evaluation by including a ___________ incorporating clinically sensitive variations in important variables?

Interpret the willingness to pay graph with given society.