Cost-Effectiveness Analysis as an Evaluation Tool

Abstract

Cost-effectiveness analysis refers to evaluations that consider both the costs and consequences of alternatives. It is a decision-oriented tool that is designed to ascertain the most efficient means of attaining particular educational goals. For example, there are many alternative approaches for pursuing such goals as raising reading or mathematics achievement. These include the adoption of new materials or curriculum, teacher training, educational television, computer- assisted instruction, smaller class sizes, and so on. It is possible that all of these alternatives, when well-implemented, have a positive effect on student achievement. Often the one that is recommended is the one with the largest apparent effect.