Because it's worth it: A practical guide to conducting economic evaluations in the social welfare field

This step-by-step guide to the practical application of economic techniques, with specific reference to the social welfare field, describes the ‘ingredients’ of a successful economic evaluation and identifies the methods available. Aimed primarily at non-economists evaluating social welfare interventions, it will also be of interest to economists unfamiliar with the social welfare field and to others working in the area.

The authors outline the methods for identifying, measuring and valuing costs and outcomes. The report includes examples of economic evaluation in practice, which illustrate the process and highlight potential obstacles.