Health Economics

The video explores the intersection of economics and global health, emphasizing the role of economic evaluation in decision-making. It introduces DCP 3, a series promoting economic evaluation for priority setting, and provides a broad definition of economics as the science of decision-making. The video discusses how individuals, healthcare providers, and governments make health-related decisions, highlighting the importance of cost-effectiveness analysis in choosing interventions. Examples include the cost of treating trachoma versus schizophrenia, illustrating the potential impact of economic decisions on health outcomes.

What is the primary focus of the DCP 3 project mentioned in the video?

• Promoting global trade

• Economic evaluation for priority setting

• Developing new medical technologies

• Training healthcare professionals

According to the video, what does economics primarily deal with?

• The study of ancient civilizations

• The science of decision-making regarding resources

• The art of negotiation

• The history of money

Which of the following is NOT considered an economic decision as per the video?

• Reading a novel

• Deciding on a vacation destination

• Selecting a healthcare provider

• Choosing a career path

What is a key consideration for governments when deciding on healthcare spending?

• Maximizing entertainment value

• Ensuring distributive justice

• Increasing tax revenue

• Promoting tourism

In the context of health economics, what does the term 'DALY' stand for?

• Disease Averted Life Year

• Daily Adjusted Life Year

• Disability Adjusted Life Year

• Developmental Annual Life Yield