Applications of Health Economic Evaluation

Recommended Prerequisites

Not applicable.

Teaching Methods

The teaching methodologies are active and students will have to use tools and software to implement the cost-effectiveness analysis models.

Students are challenged to form heterogeneous groups, in terms of background, to propose and fully evaluate a health technology of their choice.

Learning Outcomes

The objectives of this course are to provide students with a deep understanding of economic evaluation applied to health technologies and to empower them to build analytical models that support decisions in health economics. Students will develop skills in using different types of modeling, such as decision trees and Markov models, for conducting cost-effectiveness analyses and decision-making. They will also be introduced to and discuss ways to represent uncertainty in models and critically interpret the results of economic evaluations. By the end of the unit, students will be prepared to collaborate in teams aimed at developing applications for economic evaluation in healthcare.

Work Placement(s)

No

Syllabus

Introduction - Key aspects of modelling in economic evaluation. Economic evaluation in health technologies.

- Modeling: Concept, uses and examples for economic evaluation.

- Modeling using decision trees,

- Modeling using Markov and semi-Markov models.

- Survival curves and their use in economic evaluation models,

- Representation of uncertainty in decision-analytical models in health economics.

- Presentation of cost-effectiveness results.

Head Lecturer(s)

Professor a Definir - Faculdade de Economia

Assessment Methods

Assessment
Exam: 50.0%
Research work: 50.0%

Bibliography

*Gray, A. M., Clarke, P. M., Wolstenholme, J. L., & Wordsworth, S. (2011). Applied methods of cost-effectiveness analysis in healthcare (Vol. 3). Oxford University Press.

*Neumann, P. J., Sanders, G. D., Russell, L. B., Siegel, J. E., & Ganiats, T. G. (Eds.). (2016). Cost-effectiveness in health and medicine. Oxford University Press.

*Drummond, M. F., Sculpher, M. J., Claxton, K., Stoddart, G. L., & Torrance, G. W. (2015). Methods for the economic evaluation of health care programmes. Oxford university press.

* Muennig, P., & Bounthavong, M. (2016). Cost-effectiveness analysis in health: a practical approach. John Wiley & Sons.