Evaluation webinar: economic evaluation
Venue: Online: a link for registration is included below
Mon 1 June 2015
This webinar is part 4 of a 6 part series.
A substantial part of this session is devoted to three broad approaches to economic evaluation:
- Cost analysis: This is a partial form of economic evaluation that deals only with the costs of an intervention
- Cost effectiveness analysis: A form of evaluation where the consequences of an intervention are measured in the most appropriate natural effects or physical units.
- Cost Benefit Analysis (CBA): A form of evaluation were the consequences are valued in monetary terms. We include a brief discussion of the challenges of valuing outcomes, using crime as an example.
Recently a range of 'quasi' economic evaluation methods have been developed that are used widely. These include Social Return on Investment (SROI) and we consider the strengths and weaknesses of SROI.
Chris Fox is Professor of Evaluation at Manchester Metropolitan University and Director of the Policy Evaluation Research Unit.