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Economic theory is linked to economic evaluation techniques like cost-effectiveness and cost-benefit analysis and to introduce people to many concepts that are specific to economic evaluation. Discusses cost-benefit with a demonstration of how this type of evaluation is most clearly linked to economic theory. Explores other concepts and theories, including benefit valuation, cost measurement, and incremental decision making. Finally, discoverer recommendations on performing economic evaluations which focus on how these are related to underlying economic concept and theories. Evaluation of health care programs may be subdivided into evaluation of efficacy, efficiency, availability, and effectiveness. To become more efficient so that more individuals can be treated with the same resources. The evaluation of efficiency is more commonly known as economic evaluation. Economic evaluation may be defined as ‘the comparative analysis of alternative courses of action in terms of both their consequences and costs’. To extend means testing so that some people may be excluded from certain services due to their wealth. It is now a widely accepted tool for the appraisal of health care and this is reflected by the increasing number of research papers in this area in the medical literature. To increase ‘rationing’ or to provide a smaller range of services. Economic evaluation basically set out to answer two main questions: first, is this health procedure worth doing compared with other things we could do with the same resources and, secondly, are we satisfied that the health care resources should be spent in this way, or the other way.
OMICS Group International is a pioneer and leading scientific event organizer, publishing around 400 Open access journals and conducting over 300 Scientific Meetings all over the globe annually with the support of more than 1000 scientific associations, 30,000 editorial board members, and 3.5 million followers to its credit. Raising its curtains in the year 2007, OMICS Group International aims to disseminate knowledge with the help of its Open access Journals and marches on to instigate OMICS Group International Conferences in the year 2010, to provide a meaningful platform for the world renowned scientists, researchers, students, academicians, institutions, entrepreneurs and industries through its scientific events annually throughout the globe.
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