Question
A group of institutions invested Rs 200 crore in 2010 to improve learning outcomes. To compare this programme with an alternative by calculating cost per unit of measured learning gain, without assigning a monetary value to the gain, which analysis should it use?
The correct answer is
Cost effectiveness Analysis
Cost-effectiveness analysis relates costs to outcomes measured in their natural units, such as learning-score gains. Cost-benefit analysis instead expresses benefits in monetary terms. Establishing the programme’s effects requires a suitable outcome evaluation before its cost-effectiveness can be judged.
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Important Questions from Cost of Quality - Teaching
Which of the following is known as unit cost?
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