Economics and EcoHealthEcoZd-FBLI One Health/Ecohealth training courseHanoi, Vietnam, 27-30 May 2013Lucy Lapar
What economics is not• Money• Accounting• Mathematics• Profit• Rich vs poor
Economics is about• Decision-making• Making choices• Allocating scarce resources• Optimizing returns
Key economic concepts to remember• Utility– satisfactionExercise: what would you do with $100 that willmake you extremely happy?• Opportunity cost– Nothing is freeExercise: what would you give up to achievethis?
Questions that economics can helpaddress in an EcoHealth study• What is the economic burden of a zoonoticdisease?• What surveillance system will effectively andsustainably work in the context of Vietnam?• What modalities of private-public partnershipin trans-boundary animal disease controlwould be effective and sustainable?• How much can small farmers afford to pay forvaccination?
Some examples• Evaluating cost-effectiveness of massvaccination• Evaluating economic viability ofslaughterhouse upgrading• Evaluating ex-ante between different optionsfor disease control• Evaluating economic impact of a specificdisease or zoonoses