Synopsis: Adolescent health can be improved when evidence-based interventions are provided to those who need them. However, demonstrating that interventions are effective, acceptable and feasible to implement is not always enough to have them adopted by governments or other agencies. This is because governments need to make choices about what to fund in the context of constrained budgets, and must consider whether spending money on an intervention represents better value than spending that money somewhere else. A major objective of economic analyses is to generative evidence to support these funding decisions, which is critical for this final step to impact: taking effective, acceptable and feasible interventions and having them funded. This session went into details about the types of evidence government’s use when considering funding decisions, how economic analyses can be included in research to make sure this important final step is considered, and some examples from adolescent health.
Questions this event addressed
- What are the benefits of conducting economic analyses
- What are the different types of economic analyses that can be conducted, and the strengths and limitations of each
- What are some challenges in conducting economic analyses
- How can economic analyses be embedded in research projects
Speaker: Associate Professor Nick Scott
Associate Professor Nick Scott is the Head of Modelling & Biostatistics at the Burnet Institute. He has more than a decade of experience in economic modelling, working with governments in Australia and internationally, as well as the World Bank, UNICEF and UNFPA, to generate evidence to support investment decisions.
Date: Thursday 5 September 2024
Time: 1:00 to 2:00 pm AEST
Format: Online
Event recording