Health Economics

Third year module

This module is designed to provide an introduction to the various key concepts within health economics, specifically with respect to health care systems and to individual behaviour within such systems. The module is split into two parts. Part one covers the principles and theories of health economics. Part two covers economic evaluation. The specific objectives of the module are:

  • to provide information on the relevant economic theories that are applicable to health economics,
  • to examine the determinants of health care,
  • to understand why market failure makes it necessary for Governments to regulate health care,
  • to demonstrate how economic analysis can inform decisions on health policy,
  • tto analyse why economic evaluation is needed, to present various methods of economic evaluation and to demonstrate decision-analytical modelling,
  • explore the practical issues involved when conducting an economic evaluation.

Learning outcomes

By the end of this module, the student should be able to:

  • demonstrate a knowledge of the principles and theories of health economics,
  • critically analyse policy issues,
  • comprehend why it is necessary for Government intervention due to market failure,
  • understand why economic evaluation of health care technologies is applied,
  • know how an economic evaluation of a health care technology is conducted,
  • be aware of the current methodological and theoretical issues in health economic evaluation.


2 hour written examination