Coronavirus (Covid-19): Latest updates and information
Skip to main content Skip to navigation

EC9D6: Economic Evaluation in Health Care

  • Lazaros Andronis

    Module Leader
18 CATS - Department of Economics

Principal Aims

Facing increasing health care needs and finite budgets, health care systems around the world are often called to make hard decisions on how best to allocate the available resources across competing activities. Economic evaluations—that is, systematic assessments of competing courses of action in terms of their costs and consequences—are routinely called upon to inform funding decisions about health care interventions, treatments, programmes or policies, both within and outside the UK.

This module aims to provide students with an in-depth understanding of the economic foundations that underpin economic evaluation in health care, the main types of economic evaluation, the approaches followed and methods employed in undertaking an economic evaluation, and the use of its findings as key input in a range of health care funding decisions nationally and internationally.

Principal Learning Outcomes

4. Subject-Specific Skills/Professional Skills: Acquire and demonstrate an advanced awareness of good practice in undertaking and reporting an economic evaluation, current methodological debates and areas of uncertainty. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, practical classes, independent study.

1. Subject Knowledge and Understanding: Acquire and demonstrate an advanced understanding of the paradigms and theoretical foundations underpinning the use of economic evaluation as input in resource allocation decisions in health care. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study.

2. Subject Knowledge and Understanding: Acquire and demonstrate a sound understanding of the different types of economic evaluation available, the nature of resource allocation decisions they are able to inform, and their emergence and proliferation. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study.

3. Subject Knowledge and Understanding: Acquire and demonstrate a sound understanding of the methods involved in identifying, measuring and valuing inputs (costs) and outputs (outcomes) in economic evaluation. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, practical classes, independent study.

5. Cognitive Skills: Acquire and demonstrate insights into the interpretation of the results of economic evaluation and common decision rules employed to inform funding decisions in health care. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, practical classes, independent study.

6. Subject Knowledge and Understanding: Acquire and demonstrate an understanding of the emergence and use of economic evaluation for ‘real-world’ funding and reimbursement decisions, nationally and internationally. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study.

Syllabus

The syllabus will cover, but will not be limited to, the following topics, areas and concepts:

• Welfare economics as a theoretical framework for resource allocation decisions • Efficiency, equity and theories of distributional justice • Beyond welfare economics: extra-welfarism and capabilities • Measurement and valuation of inputs (costs) in economic evaluation • Measurement and valuation of outputs (benefits) in economic evaluation

Interpretation of findings and decision rules • Role and use of economic evaluation in decision making

Economic evaluation alongside randomised trials • Economic evaluation and decision analytic modelling • Analysis of uncertainty, statistical decision theory and expected value of information.

Context

Assessment

Assessment Method
Coursework (50%) + Written examination (50%)
Coursework Details
Group project and presentation: Controversies in Economic Evaluation (25%), Critical appraisal of a published article (25%), Written examination (50%)
Exam Timing
January