MIE258H1 Lecture 13: Lecture_13 Chapter 13 Part 1
25 Jan 2019
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Chapter 13: economic analysis in the public sector. Based off the textbook contemporary engineering economics: a canadian perspective . By the end of this chapter, you will have learned: what a qaly is, how to perform a cost-effectiveness analysis, how to perform a cost-benefit analysis, how to evaluate health care investments and public projects. Service sector: defined as producing intangible goods, also known as services. In 2017, the service industry comprised 70% of gdp or about . 4 trillion dollars: top industries (in order of employment): retail (12%), business services (finance, real estate, communication), healthcare, education, hi tech / software, entertainment and tourism. Canada has a publically funded healthcare system. In 2017, healthcare total spending was billion, or $ 6,604 per person. Health care is one of the largest research-intensive industries in canada. Health care provides excellent opportunities for engineering contributions (biomed, technology, prosthetics, process improvement, it, etc. )
