Health Economics 101: Everyone is an Economist, They Just Don’t Know It!

Speaker: Dr. Jeff Round, Institute of Health Economics

Description: In this presentation, the speaker seeks to enhance participants’ understanding of the fundamental concepts of economics and the rationales that guide their use in health care resource allocation decision making. The aim is to illustrate how the principles of economics go beyond just the price of a good through to the value that good provides and whether it is worth paying for. This presentation will help participants understand how they use economic concepts in their everyday lives, before showing how those same concepts underpin the use of economic evaluation in HTA – including the assessment of issues such as value, equity and ethics.

*Recording form the AbSPORU Virtual Institute 2020