Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
B
- Benefit-Cost RatioBCR, Cost-Benefit Ratio
- The ratio of the monetised value of a programme's benefits to its costs, used as a summary measure in cost-benefit analysis.
C
- Cost-Benefit AnalysisCBA, Benefit-Cost Analysis
- Cost-benefit analysis is a full economic evaluation that values the differences in the costs and consequences of healthcare alternatives in monetary terms so that their net social value can be compared.