Pharmaceutical Economics is the study of how drugs and medications are developed, priced, and distributed within the healthcare system. It examines the costs associated with research and development, manufacturing, and marketing of pharmaceuticals, as well as the economic impact of these drugs on healthcare budgets and patient access. This field also analyzes the value of medications in terms of their effectiveness and benefits compared to their costs. By evaluating factors like cost-effectiveness, quality of life, and health outcomes, pharmaceutical economics helps policymakers, healthcare providers, and patients make informed decisions about drug use and healthcare spending.