Chapter 4 Economic Evaluation in Health Care
Economic Evaluation examines alternative courses of action in terms of their costs and consequences
with the method that guides us on how to choose the best action.
THREE TYPES OF ECONOMIC EVALUATION.
1. The table below shows the Total Net Benefits to four individuals of a new policy that will have
significant distributive consequences (ie, it changes the distribution of wealth and/or happiness).
(Earlier Value) = (Later Value)
(1 + K)
N = Number of Periods
K = time-preference for consumption, per period of time. (Think of K as interest
1. You have been promised that you will be paid $5200 exactly 2 years from now; your
best alternative use
Economic profit: difference between revenue
and economic cost
Marginalism: how much profit can I make
from making one more car or hiring one more
Profit = TR TC
o TR = p x q
Profit maximization rule:
MR = MC
o For a competitive firm w
ACC 330 - A
November 22, 2016
CPA Interview Project
James A Lucas and Company, L.L.P. is an accounting firm in Raleigh, not far
from Meredith. The firm was started by James Lucas, commonly referred to as Jim
Lucas, in 1966 and is now managed
Production Function: mathematical
relationship between inputs and outputs
q = f (K, L, M) k= capital l=labor
Marginal product: additional output that can
be produced by adding one more unit of some
input, holding all other inputs constant
SPA 101 B
October 31, 2016
Quiz 6 Corrections
La familia es colombiano.
- Es is correct here because SER is used when we are discussing the origin.
Son is not the correct form of SER to use because we need to use a
singular form of the
graduated from garner highschool
chapel hill unc five year program in 73
dad was a cpa
1966 dad started company
owner seven partners
been together for ten years (2006)
meeting with clients with problem
SPA 101 B
November 29, 2016
Exam 2 Corrections
3. Los nios estn contentos.
3. Nosotros vendemos libros.
- This was incorrect because the spelling of conjugated verb
appeared to read vendemas. Instead emos is the co
Per gram Per item Classification
noodles and alfredo sauce -2
fig bars -12
oatmeal raisin cookie
blue cheese dressing
October 21, 2016
Quiz 5 Corrections
l est enfermo.
o This was incorrect because we are talking about a male; therefore, the
adjective enfermo must be masculine and end in -o.
Ella ayuda a el chico.
o Without the perso
Chapter 15 Lesson on Rights
Please read the article from this link: https:/www.scu.edu/ethics/ethics-resources/ethical-decision-making/rights/.
From reading the article, answer these questions for your notes and there is also a TIMED assignment on
The Cost of Living
New York Magazine October 20, 2013 by Stephen S. Hall
Class on Monday, Oct 3 will begin with a timed quiz with pencil and paper (counts as a homework
assignment) to verify that you have read the article and understand its contents. You
Discussion Questions for pages 62-70 of chapter 3
BE PREPARED TO BE RANDOMLY CALLED UPON TO DISCUSS YOUR ANSWERS.
1. On page 62, there is a Policy Issue quote in the margin of the page: Government
policy, no matter how carefully developed, always have the
Study Guide to Test 1 ECO 323 Fall 2016
Test will be mostly open-ended questions with a little bit of true/false and multiple choice. Test
will be around 25 questions, although some questions will have more than one part. The key
topics to focus on for ea
Questions for Chapter 3 Pages 77-87
Bring your answers to class on Wednesday, September 21 and answer a TIMED QUIZ from your answers
no later than 3:00 PM on Wednesday.
You can skip the Merit Good box. Page 77 starts with a discussion of the 3 traditional
READING AND HOMEWORK FOR CHAPTER 6
Write your answers here and also SUBMIT THESE FILL IN THE BLANK ANSWERS ON BLACKBOARD that will be in the chapter 6
folder. You need to open this assignment on Blackboard NO LATER THAN 2:30 PM on Monday (the link to star