Part+2+-+Cost+benefit+analysis

Cost benefit analysis - What is cost-benefit analysis? What is a present value? What is the effect of interest rates? What are surrogate measures? How do you measure the costs and the benefits?

Marginal analysis - When is there over provision and underprovision of health care?

Value of life - human capital approach? Willingness to pay approach?

Expected value - What is risk aversion?

Risk - What are the different risks that you face?

Quality adjusted life years (QALY) What is the standard time trade-off approach to measuring quality of life? How can this be applied in forensic economics?

Cost effectiveness analysis - What is the difference between cost effectiveness analysis and cost benefit analysis? ICER. Cost utility analysis?