More questions

1.     Name three types of costs under cost-benefit analysis

2.     Name five types of direct medical costs.

3.     Name four direct non-medical costs.

4.     Name three indirect costs.

5.     Are indirect costs easy to measure?

6.     Name four benefits

7.     What else do we call benefits?

8.     How do you calculate net benefits?

9.     Where is the optimal point to maximize net benefits?

10.  What is the compound growth formula?

11.  What is the opposite of compounding?

12.  What is the present value of 100 SR in five years if you discount at 7 percent?

13.  Compounding is ________ Discounting is ___________.

14.  Name two ways to value a life.

15.  What is the shortcoming of the human capital approach to valuing a human life?

16.  Why is the life of a 15 year old greater than the life of a 50 year old?

17.  How do you estimate the value of a life with the willingness-to-pay approach?

18.  If I would be willing to spend 10 riyals for a vitamin that has a one in a million chance of curing cancer, what value am I placing on my life?

19.  What usually indicates a higher value, the human capital approach or the willingness-to-pay approach?

20.  What two things happen when there is a new innovation in medicine?

21.  What is cost effective analysis?

22.   How does CBA compare to CEA?

23.   How do you calculate the Incremental Cost Effective Ratio?

24.   Would you ever use a option that was less costly and less effective?

25.   How to you account for the quality of life versus the quantity of life?

26.   What is the formula for Quality-Adjusted Life-Years (QALYs)

27.   What is more important, quantity or quality?

28.   What is the range for the Human Utility Index (HUI)?

29.   Name three ways to estimate the HUI.

30.   Can you survey people to get a HUI?

31.   How does a standard gamble work with HUI?

32.   How does a time trade-off with HUI?

33.   What is a Cost Utility Ratio?

34.   What is better, CEA or CUA?

35.   What is the Friedman Matrix?

36.   What are the four questions that must be asked in any health care system?

37.   What is the problem with third-parties?

38.   What are the advantages of a government health care system?

39.   What are the disadvantages of a government health care system?

40.   What are the advantages of a decentralized health care system?

41.   What are the disadvantages of a decentralized health care system?

42.   What are four things that are different about the medical market in contrast to a normal market?

43.   Can you predict events with a large group of people?

44.   Does insurance eliminate risk?

45.   Does insurance increase risk?

46.   What is risk aversion?

47.   Does progress require risk?

48.   Name three problems with insurance.

49.   What is asymmetric information?

50.   What is adverse selection?

51.   What is moral hazard?

52.   Do all insurance schemes create moral hazards?

53.   What is diversification?

54.   What kinds of incentives tend to keep costs low?

55.   If you know someone’s incentives, you can predict their ______.