How to Conduct Cost and Value Analyses in Health Professions Education: AMEE Guide No. 139

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Center for Benefit-Cost Studies of Education
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Costs and Cost Analysis
Cost-Effectiveness
Economics
Medical Education
Health Professions Education
Economics
Educational Assessment, Evaluation, and Research
Education Economics
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Foo, Jonathon
Cook, David A
Tolsgaard, Martin
Rivers, George
Cleland, Jennifer
Walsh, Kieran
Abdalla, Mohamed Elhassan
You, You
Ilic, Dragan
Golub, Robert
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Abstract

Growing demand for accountability, transparency, and efficiency in health professions education is expected to drive increased demand for, and use of, cost and value analyses. In this AMEE Guide, we introduce key concepts, methods, and literature that will enable novices in economics to conduct simple cost and value analyses, hold informed discussions with economic specialists, and undertake further learning on more advanced economic topics. The practical structure for conducting analyses provided in this guide will enable researchers to produce robust results that are meaningful and useful for improving educational practice. Key steps include defining the economic research question, identifying an appropriate economic study design, carefully identifying cost ingredients, quantifying, and pricing the ingredients consumed, and conducting sensitivity analyses to explore uncertainties in the results.

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2020-01-01
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