ECONOMICS1. Economic Evaluation. By (Name). Course Inst

ECONOMICS1
Economic Evaluation
By (Name)
Course
Instructor’s Name
Institutional Affiliation
The City and State
The Date

ECONOMICS2
Question one
The need for the economic evaluation
Economic evaluations have indicated a bigger role in making decisions, planning,
evaluation and management of different health systems that involve designing ways of paying
providers or improving the people's access to health care to decisions concerning their inclusion
in new medicines in the state, national or hospital formalities (Andronis et al 2009). In this case,
economic evaluation is an important tool for informing various health policies and also guiding
various clinical decisions. In addition, it illustrates the relative impacts and costs of any given
health intervention with the major objective of improving the health of people in the society
using the available resources. In addition, economic evaluation is a tool used to carry out a
comparison between the consequences and costs of various health interventions (Bjystritsky, et
al 2013).
Question two
Study question
Intervention of interest
The intervention of interest for this study is aimed at evaluating on the best way through
which an intervention can be implemented to prevent anxiety amongst secondary school students
with the use of limited resources and time. Also, the alternative intervention aims at evaluating
the value for money during the screening processes and delivery of "Anxiety free" online
modules.

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Relevant population
The intervention will base on secondary school students. Also, the intervention/ program
is known as "Anxiety free" consisting of two major components. In this, the 1st component in the
intervention will aim at selecting or identifying children who may have developed risks of
anxiety. Further, the 2nd component is made up of 8 online modules that are aimed at preventing
young people from developing anxiety.
Health outcomes
In this case, the expected primary outcomes of the intervention are anxiety diagnosis,
referrals, and prescription. The secondary intervention outcomes are different measures of
process-of-care and patient effects for example management and social outcomes (Belkora, et al
2012).In this case, it is always not easy to determine the value of the consequences and costs of a
given alternative that is being compared, where the identification of relevant and important ones
are considered.
Period of time of the study
The intervention will be carried out in a range of eight weeks. Each online module in of
the intervention will be covered with in a range of thirty minutes where one module will be
delivered per week. Therefore, the intervention will cover eight modules. For this economic
intervention, I think the time horizon of the RCT is appropriate because it gives the students the
chance to concentrate as it involves video diaries (Hadjistavropouloset al 2017).
Perspective taken

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For this economic intervention, the study perspective includes the costs and benefits on
both the students, their family and the health providers. The costs involved include, healthcare
costs, family/patient costs, non-healthcare costs and productivity losses. The patient/family costs
are suffered by an individual or his or her family members while the healthcare costs are suffered
by the hospital or government who provide support to hospitals by funding specialist.
Question three
During this intervention, I think that Cost-benefit analysis will be the economic
evaluation category that is most appropriate for answering my study question. In this case, the
Cost-Benefit Analysis provides the most systematic evaluation of the benefits and costs involved
in the intervention. The intervention benefits are connected to the associated costs in an
analytical framework (Hadjistavropoulos et al 2017). The reason for choosing this economic
evaluation is that all the benefits and costs involved in the intervention are measured in monetary
terms. By using cost-benefit analysis, the benefits of the intervention will be attained in monetary
terms such as a dollar (Berwick 2019). Also, the value for a dollar is placed on the years gained
in life, meaning that one would be in the position to measure the ratio of the cost that the health
intervention was worth undertaking the costs or not (Gabriel and Normand 2012).
Further, if the ratio of cost-benefit is high, one would imply that a given intervention is
the best intervention. For this case, the method would be the best for evaluating if the
implementation of the intervention of anxiety is cost-effective with regards to the allocated time
(Hadjistavropoulos et al 2017). Also, the Cost-benefit evaluation analysis is the best method for
evaluating the costs that can be meant in attaining the expected outcomes such as diagnosis,
prescriptions, and social outcomes. In addition, it analyses the distribution of the loses against
the intervention by portraying the nature of the benefits and costs together with the number of