Economic Evaluation in Health Care

This module is designed to go beyond the first principles of economic evaluation. Its focus is the development, extension and application of the main issues and techniques for economic evaluation. The material covered by the course includes an in-depth coverage of the components of economic evaluation, such as cost data collection analysis, outcome data analysis, health state valuation in general and discounting issues. Alternative methods for economic evaluation and the relevant frameworks will be discussed with case studies and policy applications. The module includes a full day's inter-active practical session in which 'hands-on' application and analysis of alternative modelling approaches used in economic evaluation will be demonstrated with full discussion of the advantages and appropriateness of the alternative techniques.

Learning outcomes

By the end of the module you should be able to:

  • Demonstrate an understanding of the relevant issues associated with the appropriate collection and analysis of cost and outcome data
  • Demonstrate an understanding of the importance of discounting issues and the controversy surrounding the appropriate discount rate to use for costs and benefits within an economic evaluation
  • Appraise a number of alternative frameworks and modelling approaches that are used in economic evaluation and understand the appropriate presentation of results
  • Review alternative methods to outcome evaluation and their relevance to alternative evaluation approaches
  • Recognise the policy implications that may result from economic evaluations

Module outline

Monday:
Collection and analysis of cost data: Introduction to bootstrapping; collection of cost data; analysis of cost data.

Tuesday:
Analysis of QALYs and practical modelling: Analysis of data on QALYs; decision trees; sensitivity analysis; cost-effectiveness acceptability curves.

Wednesday:
Discounting and practical modelling: Discounting in economic evaluation; Markov models; model building.

Thursday:
Outcome measurement: Alternative to QALYs; outcome measurement in health care; willingness to pay.

Friday:
Policy perspective: Use of economic evaluation in health policy making; the economics of screening.

Credits

20 credits

Module Attendance Required

1 block week of teaching

Module Dates

2014/15 dates 
24 - 28 November 2014

Assessment

  • Examination - unseen examination (2hrs) - 50%
  • Assignment - 3000 word equivalent assignment - 50%

Academics involved in the delivery of this module

Dr Sue Jowett, Senior Lecturer

Deirdre O'Brien, Research Fellow - Dept. of Health Economics.

Stand Alone Course

This module can be taken as a stand alone course if required. To apply, please see below. For any further information please contact Helen Evans, Programme Administrator, 0121 414 7694, healtheconomics@contacts.bham.ac.uk.

To apply for a stand alone course

Please complete the application form and make payment here.

Fee if taken as a stand alone course

2014/15 module prices

UK/EU - £995 (Public Sector), £1495 (Private Sector)

Non UK/EU - £1517

This module can be taken on a stand alone basis however it will not be assessed and no credits will be awarded.

Entry requirements if taken as a stand alone course

Previous knowledge of health economics equivalent to that obtained in the Introduction to Health Economics module. All applicants will be required to discuss eligibility with the Course Director at the time of applying.

Course fact file

Type of Course: Continuing professional development