ABSTRACT
This chapter explores how the medical education community should priori-tise research into cost effectiveness in medical education, which costs and outcomes may be considered in cost-effectiveness analyses, research methods for assessing cost effectiveness and how this can be achieved in practice. Some education approaches may have a large impact on budget compared with traditional methods and, therefore, need to demonstrate improved outcomes for students to warrant widespread introduction. ‘The cost of implementing a new teaching approach will vary based on perspective’. A more accessible approach is to capture the costs accrued from the perspective of the medical school or college, which will include: curriculum development, preparation, delivery and assessment costs, and may reflect educator costs and physical inputs such as the learning environment and materials. Costs may be viewed in monetary terms or in terms of student or educator time.
