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.
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.
- Cost-Utility AnalysisCUA, QALY-Based Cost-Effectiveness
- Cost-utility analysis is a full economic evaluation that compares healthcare alternatives by relating differences in their costs to differences in preference-weighted health outcomes, most commonly quality-adjusted life years.
F
- Full Economic EvaluationComplete Economic Evaluation, Comparative Economic Evaluation
- An economic evaluation comparing two or more alternatives in terms of both costs and consequences, unlike a partial evaluation examining costs or outcomes alone.
P
- Partial Economic EvaluationPartial Evaluation, Incomplete Economic Evaluation
- A study examining either the costs or the outcomes of an intervention, or both without comparison to an alternative, short of a full economic evaluation.