2 Economics of optimal disease control

Learning objectives

After reading this chapter, you will be able to:

  1. LO1 Explain why economic analysis informs the control of infectious disease.
  2. LO2 Contrast relativism and absolutism in the progression of economic ideas.
  3. LO3 Discuss the scientific method from an economics perspective.
  4. LO4 Describe the Susceptible, Infected, and Recovered (SIR) model.
  5. LO5 Extend the SIR model to include optimal targeted lockdowns, equilibrium social distancing, and the value of human life.

Chapter outline

  • Economic cost and the control of infectious disease
  • Progression of ideas in economics
  • Economics of science, knowledge, and information
  • Optimal disease control
  • The economic approach to optimal disease control ...

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