Table 1

Measurement of costs and consequences in economic evaluation

Type of economic evaluationConsideration of costs?Consideration of conseqences?†Valuation of consequences?
Cost analysis: burden of illness, budget impact*YesNoNone
Cost-effectiveness analysisYesYesNatural units, for example, life-years
Cost–utility analysisYesYesHealthy years, for example, quality-adjusted life-years
Cost–benefit analysisYesYesMonetary units
  • *Partial economic evaluation.

  • †Consequences include valuation of health outcomes, either expressed in utilities or in monetary terms.

  • Adapted from Drummond et al. 4