Last modified: 05 Aug 2021 13:04
This course covers issues involved in identifying, measuring and valuing costs and benefits. Consideration will be given to the importance of health outcomes, non-health outcomes and process attributes when valuing the benefits of health care interventions. The student will be introduced to Quality Adjusted Life Years (QALYs) and the use of standard gamble and time-trade off to estimate quality weights within the QALY framework. Consideration will be given here to the creation and use of generic QALY measures such as EuroQol; as well as specific QALY measures.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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This course covers issues involved in identifying, measuring and valuing costs and benefits. Consideration will be given to the importance of health outcomes, non-health outcomes and process attributes when valuing the benefits of health care interventions. The student will be introduced to Quality Adjusted Life Years (QALYs) and the use of standard gamble and time-trade-off to estimate quality weights within the QALY framework. Consideration will be given here to the creation and use of generic QALY measures such as EuroQol; as well as specific QALY measures.
The above techniques will be introduced and explained, using examples from health care. It should be noted that whilst these techniques were introduced to go beyond health outcomes, they can also be used to value such outcomes. It will be shown how costs and benefits can be brought together within the framework of an economic evaluation (e.g. cost-effectiveness analysis, cost-utility analysis and cost-benefit analysis).
The QALY measure is concerned with valuing health outcomes. Contingent valuation and discrete choice experiments have been developed in health economics to go beyond the health outcomes paradigm, and consider the value of non-health outcomes and process attributes.
Course Aims:
The aim of this course is to
| Assessment Type | Summative | Weighting | 33 | |
|---|---|---|---|---|
| Assessment Weeks | 5 | Feedback Weeks | 7 | |
| Feedback |
Feedback on final submission assignments with students released grades. |
Word Count | 600 | |
| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Summative | Weighting | 67 | |
|---|---|---|---|---|
| Assessment Weeks | 10 | Feedback Weeks | 12 | |
| Feedback |
Feedback on final submission assignment with annotated comments with released students grade. |
Word Count | 600 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Formative | Weighting | 0 | |
|---|---|---|---|---|
| Assessment Weeks | 4 | Feedback Weeks | 4 | |
| Feedback |
Feedback after submission is online. Score based on the number of correct answers, plus explanation of correct answers. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
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| Assessment Type | Formative | Weighting | 0 | |
|---|---|---|---|---|
| Assessment Weeks | 2 | Feedback Weeks | 2 | |
| Feedback |
Feedback after submssion online. Score of number of correct answers plus explanation of correct answers. |
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| Knowledge Level | Thinking Skill | Outcome |
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| Assessment Type | Formative | Weighting | 0 | |
|---|---|---|---|---|
| Assessment Weeks | 1 | Feedback Weeks | 1 | |
| Feedback |
Multiple Choice Questions. Feedback after submission. Score of number of correct answers plus explanation of correct answers. |
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| Knowledge Level | Thinking Skill | Outcome |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Describe the practical issues when identifying, measuring and valuing costs and benefits in an economic evaluation |
| Conceptual | Analyse | Discuss the relevance and importance of opportunity costs, marginal analysis, sensitivity analysis and discounting when valuing costs and benefits within the framework of an economic evaluation |
| Conceptual | Analyse | Distinguish between the different techniques of cost-minimisation analysis (CMA); cost-effectiveness analysis (CEA); cost-utility analysis (CUA) and cost-benefit analysis (CBA) and to know when to |
| Conceptual | Apply | Explain the importance of defining the economic evaluation question (whether technical or allocative efficiency) |
| Procedural | Evaluate | Demonstrate critical appraisal of published economic evaluations with help of checklists for assessing the quality of studies |
| Procedural | Analyse | Identify the strengths and weaknesses of the different techniques of economic evaluation, and understand when to use, and how to use these different approaches |
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