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.
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
Collection and analysis of cost data: Introduction to bootstrapping; collection of cost data; analysis of cost data.
Analysis of QALYs and practical modelling: Analysis of data on QALYs; decision trees; sensitivity analysis; cost-effectiveness acceptability curves.
Discounting and practical modelling: Discounting in economic evaluation; Markov models; model building.
Outcome measurement: Alternative to QALYs; outcome measurement in health care; willingness to pay.
Policy perspective: Use of economic evaluation in health policy making; the economics of screening.
Module Attendance Required
1 block week of teaching
24 - 28 November 2014
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, email@example.com.
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.