Lecture 4: QALYs Wellbeing and Value Transfer

Question 1

What is cost-effectiveness analysis (CEA)?

Answer 1

Question 2

What is cost-utility analysis (CUA)?

Answer 2

Question 3

What is a QALY?

Answer 3

Question 4

How are QALYs calculated?

Answer 4

Question 5

Draw a diagram demonstrating how QALYs can be compared

Answer 5

Question 6

Explain what the Time Trade-Off method for QALYs is

Answer 6

Question 7

What are the critiques of the Time trade off method for QALYs?s

Answer 7

Question 8

What are the three methods for valuing health?

Answer 8

Question 9

Describe the method of value of a prevented fatality?

Answer 9

Question 10

What are the 4 strengths and weaknesses of QALYs?D

Answer 10

Question 11

What is subjective wellbeing and a WELLBY?

Answer 11

Question 12

How are changes to subjective wellbeing and the factors that influence them determineed?

Answer 12

Question 13

How is the monetised life-satisfaction estimated?

Answer 13

Question 14

What is the recommended monetary value for a 1 point change in wellbeing?

Answer 14

Question 15

What are the strengths and weaknesses of using a subjective wellbeing approach?

Answer 15

Question 16

What do we mean by value transfer or reference values in economics appraisal? Given esamples of approved generic values?

Answer 16

Question 17

What are the three sets in appraising impacts on energy use and GHG emissions?

Answer 17

Question 18

What is the UK’s approach to carbon valuation?

Answer 18