In: Economics
1. the purpose of economic evaluation of medicines and technologies for health is to inform appropriate choices that gives value for money. Explain what is meant by this statement.
2. a) to be able to do a robust economic evaluation assessment of a health technology, the analyst should be able to identify all cost elements involved. List the different types of cost that may be involved totally in the assessment and explain what each means, using everyday examples.
b) Which of the cost elements mentioned above in (a) is difficult to measure and why?
3. a)List at least 3 types of humanistic outcome measures that are used in Health Technology Assessment.
b) Discuss two of the listed outcome measures that may be applied for robust economic evaluation analysis of Technologies for Health.