The document discusses odds ratios, which are used to measure the association between an exposure and an outcome. An odds ratio is calculated by dividing the odds of an event in one group (e.g. exposed to a drug) by the odds of the event in another unexposed group. Odds ratios can be calculated in both cohort and case-control studies. While relative risk can only be calculated in cohort studies, odds ratios are commonly used to approximate relative risk in case-control studies when the outcome is rare. The document provides examples of how to calculate odds ratios from 2x2 contingency tables and interprets what different values mean.