Define Cost-Benefit Analysis

Describe Cost-Benefit Analysis

When do you use Cost-Benefit Analysis?

Examples of when Cost-Benefit Analysis is used in history include....?

When was Cost-Benefit Analysis first used?

Summarized advantages of CBA (i)

Summarized advantages of CBA (ii)

Summarized advantages of CBA (iii)

Summarized advantages of CBA (iv)

Summarized disadvantages of CBA (i)

Summarized disadvantages of CBA (ii)

Summarized disadvantages of CBA (iii)

Economists
recommend that CBA be conducted from the ----perspective?

Human Capital Mtd (HC) measures ...?

HC estimates ----?

HC assumes that the value of health benefits equals -----?

What are the 2 components of calculating HC?

A formula to calculate number of days worked per year is:

A yearly wage rate (income per year) would be calculated for a program or intervention that would reduce -----?

A daily wage rate can be calculated by....?

A daily wage rate (income per year divided by number of days worked per year) may be calculated for a program or intervention targeted at ----?

Categories of missed days: Match the ff categories w/ examples:
a. Missed work
b. Missed housekeeping
c. Restricted activity days
d. Caregiver time
1. parent's time spent as a caregiver to a child who has an illness.
2. Days missed from work (for employed)
3. Days missed from housekeeping (for unemployed)
4. Percent of time during wh/ work or housekeeping was restricted. Did not miss an entire day of work or housekeeping but not productive for part of the day

Advantages of HC mtd (i)

Disadvantages of HC mtd (i)

Disadvantages of HC mtd (ii)

Disadvantages of HC mtd (iii)

Explain WTP mtd.

Contingent valuation (CV)...?

Measuring WTP using the CV method should include two general elements,--- (a) and (b)

Explain Hypothetical Scenario.

What is the intent of Health Scenario?

Explain Bidding Vehicles.

Explain Bidding Game

Adv of Bidding Game

Disadv of Bidding Game

Explain Payment Card

Disadv of Payment Card

Advantages of WTP

Disadvantages of WTP

What are the biases involved in measuring WTP?

What is Compliance Bias?

What is Strategic Bias?

What are the 3 mtds used to calculate CBA?

a. Net benefit =
b. Net cost =

In Net Benefit or Net Cost, Interventions would be considered to be cost-beneficial if

Benefit-to-Cost ratio

Cost-to-Benefit ratio

In Benefit-to-Cost (or Cost-to-Benefit) ratios, interventions are cost-beneficial if

What is IRR?

Explain the relationship btw IRR and Hurdle rate.

If the IRR is greater than the hurdle rate, then it means --- what?