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Economics and EcoHealth

Economics and EcoHealth. What economics is not. Money Accounting Mathematics Profit Rich vs poor. Economics is about. Decision-making Making choices Allocating scarce resources Optimizing returns. Macroeconomics Microeconomics. Key economic concepts to remember. Utility

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Economics and EcoHealth

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  1. Economics and EcoHealth

  2. What economics is not • Money • Accounting • Mathematics • Profit • Rich vs poor

  3. Economics is about • Decision-making • Making choices • Allocating scarce resources • Optimizing returns

  4. Macroeconomics • Microeconomics

  5. Key economic concepts to remember • Utility • satisfaction Exercise: what would you do with $100 that will make you extremely happy? • Opportunity cost • Nothing is free Exercise: what would you give up to achieve this?

  6. Questions that economics can help address in an EcoHealth study • What is the economic burden of a zoonotic disease? • What surveillance system will effectively and sustainably work in the context of Vietnam? • What modalities of private-public partnership in trans-boundary animal disease control would be effective and sustainable? • How much can small farmers afford to pay for vaccination?

  7. Some examples • Evaluating cost-effectiveness of mass vaccination • Evaluating economic viability of slaughterhouse upgrading • Evaluating ex-ante between different options for disease control • Evaluating economic impact of a specific disease or zoonoses

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