economic evaluation

USAGE SUMMARY

The phrase "economic evaluation" is correct and usable in written English.
It can be used in contexts related to assessing the economic aspects of a project, program, or policy, often in fields like healthcare, finance, or public policy. Example: "The economic evaluation of the new healthcare initiative revealed significant cost savings over time."

✓ Grammatically correct

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Economic evaluation.

Health Economics Review

Most studies are economic evaluation of trials.

Health Economics Review

Therefore, an economic evaluation was necessary.

Bioresources and Bioprocessing

Finally, an economic evaluation is performed.

Biomass and Bioenergy

An economic evaluation has also been carried.

Computer Aided Chemical Engineering

This economic evaluation was included in the trial protocol.

Plosone

Another method for economic evaluation is cost-effectiveness analysis.

Plosone

We identified seven possible studies of economic evaluation.

Plosone

Comparative economic evaluation.

BMJ Open

Health economic evaluation.

Environmental Health Perspectives

(model-based economic evaluation).

BMC Health Services Research

Expert writing Tips

Best practice

When conducting an "economic evaluation", clearly define the scope, perspective, and timeframe to ensure the results are relevant and reliable.

Common error

Avoid limiting your "economic evaluation" to direct costs only. Include indirect costs such as productivity losses, patient time, and caregiver burden to provide a comprehensive assessment.

Linguistic Context

The phrase "economic evaluation" functions primarily as a noun phrase, often acting as the subject or object of a sentence. It denotes the process of assessing the economic value of something, as seen in Ludwig's examples where it's used to describe study designs, methodologies, and components of research.

Expression frequency: Very common

Frequent in

Science

89%

Formal & Business

9%

News & Media

2%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "economic evaluation" is a commonly used noun phrase, particularly within scientific and formal business contexts. According to Ludwig AI, it's grammatically correct and serves to describe, analyze, and assess the economic impacts of various interventions and policies. Related phrases include "cost-benefit analysis" and "financial assessment", each offering slightly different perspectives on the evaluation process. When using "economic evaluation", it's crucial to clearly define the scope and consider all relevant costs, including indirect ones, to ensure a comprehensive and reliable assessment.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

economic appraisal

A general term for assessing the economic merits of a project or policy.

cost-benefit analysis

Focuses specifically on comparing costs and benefits, a key component of economic evaluation.

cost-effectiveness analysis

Specifically looks at the cost relative to the effectiveness of an intervention or program.

financial assessment

Emphasizes the financial aspect of the evaluation, covering a broader scope than just economics.

value assessment

Focuses on determining the overall value, including both tangible and intangible aspects.

investment appraisal

Concerns the assessment of the viability of an investment.

budget impact analysis

Evaluates the potential financial impact on a specific budget.

fiscal analysis

Addresses the financial implications and effects on government finances.

resource allocation analysis

Centers on how resources are distributed based on economic considerations.

monetary valuation

Deals with assigning a monetary value to something, often in the context of benefits.

FAQs

What is the purpose of an "economic evaluation"?

The purpose of an "economic evaluation" is to assess the costs, benefits, and value of a program, project, or policy to inform decision-making and resource allocation.

What are some common methods used in "economic evaluation"?

Common methods include "cost-benefit analysis", "cost-effectiveness analysis", and "cost-utility analysis", each providing different ways to compare costs and outcomes.

How does an "economic evaluation" differ from a financial analysis?

While both involve assessing costs, an "economic evaluation" typically includes a broader range of costs and benefits, including non-monetary factors like health outcomes or environmental impacts, whereas a financial analysis primarily focuses on monetary values.

When should an "economic evaluation" be conducted?

An "economic evaluation" can be conducted before (ex-ante), during (concurrent), or after (ex-post) the implementation of a program or policy to inform planning, monitor performance, or assess the overall impact.