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  6. PU5401: Economic Evaluation - Principles and Frameworks

PU5401: ECONOMIC EVALUATION - PRINCIPLES AND FRAMEWORKS (2016-2017)

Last modified: 28 Jun 2018 10:27


Course Overview

This module 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.

Course Details

Study Type Postgraduate Level 5
Term First Term Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Prof. Paul McNamee

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • Pg Certificate in Health Economics (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

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 outcome paradigm, and consider the value of non-health outcomes and process attributes.

Aims:

- To be aware of the costs and benefits to be considered in an economic evaluation, as well as how to value these costs and benefits

- To be familiar with the main approaches to economic evaluation (cost-effectiveness, cost-utility analysis and cost-benefit analysis) and know when to use these different approaches

- To appreciate the strengths and weaknesses of the different approaches to economic evaluation

- Understand the key notions of opportunity cost, marginal analysis, discounting and sensitivity analysis within the framework of an economic evaluation.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

There are no assessments for this course.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

None.
 

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