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Economic Evaluation in Health Care

Course Type
Postgraduate, Continuing professional development, Module

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 and analysis, outcome data analysis, health state valuation in general, economic evaluation alongside clinical trials 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 half 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. All concepts are consolidated in the group exercise on critical appraisal where each group appraises a published economic evaluation  and presents the findings to their fellow students.  

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
  • Critically appraise a number of alternative frameworks and modelling approaches that are used in economic evaluation and understand the appropriate presentation of results
  • Critically review alternative methods to outcome evaluation and their relevance to alternative evaluation approaches
  • Critically appraise published economic evaluations
  • Recognise the policy implications that may result from economic evaluations

Module outline

Key concepts; evaluative spaces; economic evaluation alongside clinical trials
Cost data collection and analysis; discounting; introduction to bootstrapping; analysis of survival and quality of life data.
Practical modelling session: probabilistic sensitivity analysis and cost-effectiveness acceptability curves; valuing the broader benefits of health care.

Systematic review of economic evaluations; missing data analysis; informal care and economic evaluation; critical appraisal of economic evaluation papers (group preparation).

Critical appraisal of economic evaluation papers (group presentations); economic evaluation, decision making and health policy.

20 credits

Module Attendance Required
1 block week of teaching

Module Dates
Module dates tbc


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

Academics involved in the delivery of this module

Stand Alone Course

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

Fee if taken as a stand alone course
UK/EU - £1109 (Public Sector), £1599 (Private Sector)
Non UK/EU - £1617

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.

More information

For enquiries about the Health Economics MSc programmes, please contact the Teaching Admin Team or Dr Raymond Oppong (Programme Lead).

For enquiries about taking a Stand Alone Course, please contact Dr Jesse Kigozi (Deputy Programme Lead).

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