Economic Evaluation Standards
Standards for the Economic Evaluation of Educational and Social Programs
From 2020-2021, the Cost Analysis Standards Panel was convened by AIR (American Institutes for Research) to establish a set of written standards for economic evaluation in education. 15 experts in the economic evaluation of social programs developed the Standards for the Economic Evaluation of Educational and Social Programs. CAP Project, with funding from the U.S. Department of Education’s Institute of Education Sciences, is currently developing resources to support cost analysts and others in meeting these standards.
Economic Evaluation Standards Checklist (EESC)
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Introduction
The Economic Evaluation Standards Checklist (EESC) is an Excel-based tool developed in 2025-26 with funding from the Institute of Education Sciences of the U.S. Department of Education.
The purpose of the EESC is to help users evaluate a cost analysis or cost-effectiveness analysis to determine the extent to which it meets the Standards for the Economic Evaluation of Educational and Social Programs. These standards were established by the Cost Analysis Standards Panel in 2020 with the goal of improving the quality of information available to
inform decision-making that benefits our education system. The standards aim to increase the rigor, transparency, and comparability of economic evaluations of educational and other social programs.
The EESC serves as a practical application of the standards by listing items that authors should address in a cost analysis or cost-effectiveness analysis (CEA) and allowing users to rate the extent to which the study addresses each item. The EESC can help you:
i) plan a cost analysis or cost-effectiveness analysis of your own;
ii) document your study methods and analytical choices while the study is in progress;
iii) make adjustments before you complete your study to ensure you are meeting the standards to the greatest possible degree;
iv) evaluate a completed study to assess its quality and determine whether you can use the results to inform a decision or to compare with the results of other economic evaluations.
Watch a brief video tutorial on how to use key EESC features including:
Instructions Tab (00:00)
Study Details Tab (00:00)
EESC CA Items Tab (00:00)
EESC CEA Items Tab (00:00)
Using the Checklist Scoring Table (00:00)
Practical Approaches to Using the EESC
How to Complete the Ratings
Start by looking through the list of items in the EESC to prime yourself with the information you should be looking for in a study or plan.
Strategy 1
Read the study or plan in its entirety before starting your rating. This includes reviewing any supplemental materials and appendices. As you read, you can highlight information that is relevant to one of the EESC items. Once you are done reading, begin rating from the top of the list and refer back to the study as needed, especially to gather material for your rationales.
The advantage of this approach is that you have seen all the information the authors provide before start rating. This reduces the likelihood you will need to revisit your judgments. The disadvantage is that you may end up having to read the article 2-3 times to find everything you need. One trick that may help is, on the first read, strike out any long sections of text that have no information relevant to the economic evaluation. That way you’ll have a lot less to read the second and third times.
Strategy 2
Start reading and rating at the same time. This feels faster, but the downside is that you are making judgments based only on what you have read so far and may often need to revise a rating and rationale as you acquire more information. For example, you may generally be expecting a lot of the analytical items to be addressed in the methods section but sometimes an issue is unexpectedly addressed later in the results, discussion, and even the limitations sections where authors may clarify what they did or did not do.
Providing Evidence to Support Your Rating
In the rationale column, it can be helpful to put the page number or section heading where you found the information, plus a short note to explain your assessment, e.g., what the authors did well or what you found unclear. You can copy and paste relevant text from the article to support your rating, keeping in the back of your mind what the study authors themselves might like to understand about the reasons for your rating, or what might be important for a decision maker to consider. You can check out the two completed EESC examples we have posted lower down on this webpage.
Using EESC to Evaluate a Plan vs a Study
If you are applying the EESC to evaluate a plan you’re putting together for an economic evaluation, it would make sense for you to use the rationale column to jot down how you’re planning to address the item or to note issues that still need to be discussed among the research team and/or the audience for the study.
Examples
Example 1
Example 2
Limitations of EESC
Although we have weighted most EESC items equally, any cost analyst will tell you that some of these checklist items are more important than others in determining the quality of a cost analysis. We did consider giving greater weight to some items, but ran into two obstacles: first, cost analysts don’t agree with each other about which items are most important; secondly, the importance of certain items will vary from study to study depending on the goals of the study and on the interventions being studied. As a result, beyond weighting items related to a single procedure (like amortization) such that they share a point, and effectively weighting any item rated “Not relevant” at 0, we have refrained from imposing weights.
A second limitation of the checklist when applied to a study you did not co-author, is that you can only make judgments based on what the authors put in print. Many journals and funders impose strict page limitations that preclude detailed explanations of cost analysis methods, especially given pre-existing expectations for reporting other aspects of a study. The result is that you may underestimate the quality of the authors’ work by judging what they report rather than what they actually did. But now that many journals allow appendices, supplemental online materials, and links to repositories, there is a greater chance that details of the cost analysis are provided and possibly even the analysis itself.
EESC FAQs
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque pulvinar eros porttitor risus faucibus sollicitudin eu sit amet nisi. Fusce vestibulum ullamcorper volutpat. Suspendisse tincidunt luctus magna in elementum. Curabitur vehicula dapibus lorem, a rutrum augue tempor eget.
Cost Analysis Standards Template
The Cost Analysis Standards Template is an Excel-based tool that lists the 31 cost analysis standards and 24 CEA standards from the Standards for the Economic Evaluation of Educational and Social programs, allowing one or two researchers to evaluate a cost analysis/CEA plan, report, or publication against each one and providing an overall assessment of the economic evaluation.