The Price of Life

What is a year of your life worth? The Appraisals Board at the National Institute for Health and Clinical Excellence (NICE) is charged with evaluating the benefits of a variety of drugs and treatments before they are provided on the NHS. This BBC documentary investigates the issues involved in the provision of a treatment for Myeloma, Revlimid.

At the heart of the arguments is the concept of opportunity cost. The provision of Revlimid means that other treatments cannot be provided. There are also questions raised about the pricing strategies of the drugs company, the empirical methods used by NICE, and some more philisophical issues regarding the relative value of one’s final years. Not for the faint-hearted, but sure to encourage some heated debate in the classroom. Available on iPlayer until Wednesday 24 June.

Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Unit 2 Macro: Human Development Index (HDI) [20 May 2012]
Revision notes on unemployment [20 May 2012]
Unit 1 Micro: Revision Presentation on Government Intervention [16 May 2012]
Unit 1 Micro: Revision Presentation on the Price Mechanism [16 May 2012]
Improving Evaluation Skills in Economics Exams [16 May 2012]
Unit 4 Macro: African Human Development Report 2012 [15 May 2012]
Unit 1 Micro: De-Merit Goods [12 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 2 Macro: 10 Key Revision Topics for EdExcel [7 May 2012]
Exam Technique for Economics - Weesteps to Evaluation [5 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Unit 3 Micro: Key Diagrams for Business Economics [17 Apr 2012]
Unit 4 Macro: Managing the Global Commons - Limits to GDP [15 Apr 2012]
Unit 4 Macro: Mini Documentary on Financial Instability [15 Apr 2012]
Ukraine Hotel ‘Bandits’? [12 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Football Clubs to Pay for Negative Externalities [11 Apr 2012]
2012 Economics Revision: Ways to Improve your Paper [9 Apr 2012]
Unit 4 Macro: Evaluating 3 Years of Quantitative Easing [27 Mar 2012]
Unit 1 Micro: Highest and Lowest Paid Jobs in the UK [26 Feb 2012]
Unit 4 Macro: King on the UK Economy [15 Feb 2012]
Competitiveness [8 Feb 2012]
Teaching vacancy - Economics & Business Studies, Reed’s School - Cobham, Surrey [19 Jan 2012]
Revision Presentation: Economics Evaluation Skills [10 Jan 2012]
Exam Advice: 10 Ideas for a Better Economics Paper [10 Jan 2012]
Unit 2 Macro: Factors Driving Business Investment [10 Jan 2012]
Unit 4 Macro: Natural Disasters and their Economic Impact [7 Jan 2012]
AS and A2 Economics - 10 Ways to Improve Evaluation [4 Jan 2012]
Unit 1 Micro: Prezi on the Economics of Negative Externalities [2 Jan 2012]
Resources on Keynes and Hayek [27 Dec 2011]
Introduction to Neuroeconomics - Fusing Psychology with Economics [16 Dec 2011]
Rory Sutherland at Zeitgeist [1 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
Stephen King - Great Article on Macroeconomics [22 Nov 2011]
Beyond the Bike - The Value of Money [19 Nov 2011]
LSE Lecture: Daniel Kahneman - Thinking Fast and Slow [15 Nov 2011]
LSE lecture: Darwin economy [13 Nov 2011]
Economics at the Movies: In Time [13 Nov 2011]
Economics Resources - Week Ended 6 November 2011 [6 Nov 2011]
Is happiness the right measure of social progress? [20 Oct 2011]
So many economic concepts in one article - Indian tomato production. [11 Oct 2011]
Why Is Macroeconomics Such A Mess? [11 Oct 2011]
Fat tax: Denmark [5 Oct 2011]
Unit 1 Micro: Sleep, Money, Happiness and Choices! [25 Sep 2011]
Scarce resources, immigration and the NHS [16 Sep 2011]
Study Note - The Basic Economic Problem: Scarcity and Choice [13 Sep 2011]
Starter Video: The Slums of Manilla [11 Sep 2011]
50% tax rates - Chuck it George [7 Sep 2011]
NHS spending good, private provision bad? [5 Sep 2011]
Mixing with the Nobel Economists [4 Sep 2011]
Starter Activity: Health Economics [1 Sep 2011]
Toilet rolls, soap and climate change [1 Sep 2011]
An activity for the first Economics lesson of the year! [31 Aug 2011]
John Kay on the future of Economics [26 Aug 2011]
Unit 4 Macro: GDP per person since the credit crunch [19 Aug 2011]
Unit 1 Micro: The Price of Football [2 Aug 2011]
Economics at the Movies - Utility of Decorative Pillows [18 Jul 2011]
Unit 1 Micro: Opportunity Cost - [11 Jul 2011]
7 Reasons why Teachers should Blog [7 Jul 2011]
Shaping the Future - Blanchflower on the UK Economy [7 Jun 2011]
Poor Economics - Esther Duflo at the LSE [3 Jun 2011]
Not so much food inflation, but food hyperinflation! [30 May 2011]
AS Macro: Preparing for Unit 2 (May 2011) [25 May 2011]
AS Macro Key Term: Supply-Side Policies [25 May 2011]
AQA A2 Economics - European Context [23 May 2011]
A2 Micro: Competition and Efficiency [19 May 2011]
A2 Micro: Innovation and Economic Policies [18 May 2011]
UK Economy Update: What Mervyn Said [11 May 2011]
Review of “Adapt” by Tim Harford [9 May 2011]
AS Micro: Offering heart drugs by default [5 May 2011]
Dominos Pizza turns to Behavioural Economics [5 May 2011]
AS Micro: Rising Global Food Prices [2 May 2011]
Video Clips on the Chinese Economy [1 May 2011]
AS and A2 Macro Revision: Keynesian Economics [28 Apr 2011]
Economics Recommended Reading - Summer 2011 [26 Apr 2011]
AS and A2 Macro Revision: The China Effect [26 Apr 2011]
A2 Macro: Twin Deficits [22 Apr 2011]
AS Micro Revision: Public and Private Goods [21 Apr 2011]
Fantastic short piece on nudges and shoves! [19 Apr 2011]
UK Economy at a Glance April 2011 [17 Apr 2011]
Key AS Micro Terms: Economic Efficiency [16 Apr 2011]
Unit 1 Micro: Information Failure [15 Apr 2011]
Online Economics Revision Help [13 Apr 2011]
Tracking the effects of the recession on GDP [5 Apr 2011]
Health Economics: Prescriptions Triple in 15 Years [2 Apr 2011]
AS Macro Revision - Key Term Revision Bank [1 Apr 2011]
AS Micro Revision - Key Term Revision Bank [1 Apr 2011]
Progress towards low carbon economic growth [18 Mar 2011]
Google Docs - Macroeconomic Performance [1 Mar 2011]
Information Failures: Going Under the Knife [28 Feb 2011]
Man’s best friend or unacceptable opportunity cost? [18 Feb 2011]
Intense focus on cutting emissions is dumb argues Lomborg [16 Feb 2011]
Mo Tanweer on Global Currency Wars [10 Feb 2011]
5 Fresh Links: Videos to attract FDI [4 Feb 2011]
EU Economics: Hopes for a low carbon future in Europe [3 Feb 2011]
How Much Do I Earn? [1 Feb 2011]
Variations in Regional Economic Growth [25 Jan 2011]

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