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This video tutorial on health economic evaluation introduces the importance of evaluating health interventions due to budget constraints. Effective health programs often require significant funding, but with limited resources, prioritizing interventions becomes crucial, highlighting the concept of opportunity cost. Health economic evaluation serves as a tool to facilitate informed decision-making by comparing the costs and outcomes of multiple health interventions. The tutorial outlines four primary types of economic evaluations: cost minimization and cost effectiveness, among others, which assist in maximizing health benefits within budgetary limits.