Economic Evaluation in Education

List of Tables, Figures, and Examples Preface Acknowledgments to the Second Edition Acknowledgments to the Third Edition About the Authors Chapter 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 Questions Chapter 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 Exercises Chapter 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 Exercises Chapter 4. The Ingredients Method 4.1. Identifying Ingredients 4.2. Specifying Ingredients 4.3. Sources of Ingredients Information 4.4. Conclusions Discussion Questions Exercises Chapter 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 Exercises Chapter 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 Exercises Chapter 7. Effectiveness 7.1. Specifying Effectiveness 7.2. Methods for Identifying Effectiveness 7.3. Utility Analysis 7.4. Conclusions Discussion Questions Exercises Chapter 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 Exercises Chapter 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 Exercises Chapter 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 Exercises Chapter 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 Exercises Chapter 12. Checklist for Economic Evaluations 12.1. A Checklist for Appraising Economic Evaluations 12.2. Appraising Economic Evaluations 12.3. Conclusions Discussion Questions Exercises Chapter 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 Questions Appendix A. Answers to Even-Numbered Exercises Appendix B. CostOut Tool References Index