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Economic evaluation in education : cost-effectiveness and benefit-cost analysis

Author: Henry M Levin
Publisher: Los Angeles : SAGE, [2018]
Edition/Format:   Print book : English : Third editionView all editions and formats
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Additional Physical Format: ebook version :
Document Type: Book
All Authors / Contributors: Henry M Levin
ISBN: 9781483381800 1483381803
OCLC Number: 1004206029
Description: xxiv, 350 pages ; 23 cm
Contents: List of Tables, Figures, and ExamplesPrefaceAcknowledgments to the Second EditionAcknowledgments to the Third EditionAbout the AuthorsChapter 1. Introduction to Economic Evaluation 1.1. Purpose and Goals of the Book 1.2. The Importance of Economic Evaluations 1.3. Economic Evaluation for Decisionmaking in Education 1.4. Summary of Approaches to Economic Evaluation 1.5. Economic Evaluations and Policymaking 1.6. Outline of the Book Discussion QuestionsChapter 2. Establishing an Analytic Framework 2.1. Identifying the Problem 2.2. Taking Account of the Audience and Perspective 2.3. Relating Economic Evaluation to the Theory of Change 2.4. Determining If Economic Evaluation Is Necessary 2.5. Conclusions Discussion Questions ExercisesChapter 3. Cost Concepts 3.1. The Concept of Costs 3.2. Cost per Unit 3.3. Costs and the Theory of Change 3.4. Costs Data and Budgetary Information 3.5. Motivation for Cost Analysis 3.6. Conclusions Discussion Questions ExercisesChapter 4. The Ingredients Method 4.1. Identifying Ingredients 4.2. Specifying Ingredients 4.3. Sources of Ingredients Information 4.4. Conclusions Discussion Questions ExercisesChapter 5. Placing Values on Ingredients 5.1. Methods for Valuing Ingredients 5.2. Placing Dollar Values on Ingredients 5.3. Costs Over Multiple Years 5.4. Conclusions Discussion Questions ExercisesChapter 6. Analyzing and Reporting Costs 6.1. Tabulating Total Cost Using a Cost Worksheet 6.2. Reporting Costs 6.3. Allocating Costs Among Constituencies 6.4. Analyzing Cost Determinants and Generalizing Costs 6.5. Conclusions Discussion Questions ExercisesChapter 7. Effectiveness 7.1. Specifying Effectiveness 7.2. Methods for Identifying Effectiveness 7.3. Utility Analysis 7.4. Conclusions Discussion Questions ExercisesChapter 8. Cost-Effectiveness Analysis 8.1. Cost-Effectiveness Ratios 8.2. Alternative Cost-Effectiveness Metrics 8.3. Interpreting Cost-Effectiveness Ratios 8.4. Explaining Cost-Effectiveness Ratios 8.5. Evidence on Cost-Effective Interventions 8.6. Conclusions Discussion Questions ExercisesChapter 9. Estimating Benefits 9.1. The Concept of Benefits 9.2. Specifying Benefits 9.3. Valuing Educational Benefits Through Earnings 9.4. Valuing Educational Benefits Through Shadow Pricing 9.5. Applying Benefits in Benefit-Cost Analysis 9.6. Conclusions Discussion Questions ExercisesChapter 10. Benefit-Cost Analysis 10.1. Combining Benefits and Costs Into Economic Metrics 10.2. Performing Benefit-Cost Analysis 10.3. Examples of Benefit-Cost Analysis 10.4. Conclusions Discussion Questions ExercisesChapter 11. Accounting for Uncertainty 11.1. Type of Uncertainty and Sensitivity 11.2. General Sensitivity Testing 11.3. Sensitivity Testing of Cost Estimates 11.4. Sensitivity Testing of Cost-Effectiveness 11.5. Sensitivity Testing of Benefit-Cost Analysis 11.6. Distributional Issues 11.7. Conclusions Discussion Questions ExercisesChapter 12. Checklist for Economic Evaluations 12.1. A Checklist for Appraising Economic Evaluations 12.2. Appraising Economic Evaluations 12.3. Conclusions Discussion Questions ExercisesChapter 13. Economic Evaluations for Education Policy 13.1. Applying Economic Analysis 13.2. Expanding the Use of Economic Evaluation 13.3. Decisionmaking and Economic Evaluation 13.4. Prioritizing Educational Investments 13.5. Using Economic Evaluations to Improve Education Research 13.6. The Future of Economic Evaluation of Education 13.7. A Final Word Discussion QuestionsAppendix A. Answers to Even-Numbered ExercisesAppendix B. CostOut ToolReferencesIndex
Responsibility: Henry M. Levin, Teachers College, Columbia University, Patrick J. McEwan, Wellesley College, Clive Belfield, Queens College, City University of New York, A. Brooks Bowden, North Carolina State University, Robert Shand, Ohio State University.

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Policymakers around the world face the challenge of how to use scarce resources to most effectively improve education. Researchers are supporting their efforts by providing increasingly good Read more...

 
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