AØKK08210U Health Economic Evaluations
MSc programme in Economics – elective course
The course will give students an introduction to the principles of economic evaluations in health care. Topics include:
- Foundations for economic evaluation
- Critical assessment of clinical trials
- Cost measurement
- Budget impact and cost-of-illness
- Cost-benefit, cost-effectiveness and cost-utility
- Outcome and preference measurement
- Trial-based economic evaluations and decision-analytic modeling
- How to present results and how to handle uncertainty
- Value of information analysis
- Systematic reviews and meta-analyses
- Introduction to modeling methods in MS Excel
- Prioritization in the Danish health care sector
After completing the course, the student should be able to…:
Knowledge:
- Explain the difference between welfarist and extra-welfarist approaches to health economic evaluations
- Explain differences between cost-benefit, cost-effectiveness and cost-utility analyses
- Understand and identify biases in clinical trial design and reporting
- Explain the methods and value of meta-analyses
- Describe the differences between alternative decision-analytic models including decision trees and Markov models and the difference between trial-based evaluations and decision-analytic models
- Explain the concepts of deterministic and probabilistic sensitivity analysis and their ability to assess robustness of results
- Explain concepts related to preference measurement (including time trade-off and standard gamble) as well as common instruments (including EQ-5D)
- Explain the concepts of budget impact analysis and value of information analysis and their usefulness in healthcare decision-making
Skills:
- Critically assess health economic evaluations as published in the scientific literature
- Assess the documented efficacy of a healthcare intervention
Competencies:
- Using the published literature, determine if a particular healthcare intervention can be said to be cost effective or not
- Analyze cost-effectiveness analyses to determine the drivers of conclusions and assess their validity
- Identify proper methods for analyzing cost-effectiveness of a new healthcare intervention and structure the analysis
The course is built around the book:
Drummond, M. F., Methods for the economic evaluation of health care programmes, 4th edition, Oxford University Press, 2015, ISBN 9780199665877 ( link),
And include chapters from the book: Briggs, A., Decision Modelling for Health Economic Evaluation, Oxford University Press, 2006, ISBN 9780198526629 ( link).
Supplemented by a number of scientific articles.
3 hours of lectures per week for 11 weeks. after which students have time to write the exam project.
Time and venue:
To see the time and location of lectures please press the link/links under "Se skema" (See schedule) at the right side of this page (17F means Spring 2017).
You can find the similar information partly in English at
https://skema.ku.dk/ku1617/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F17; [Name of course]”
-Select Report Type: List
-Select Period: "Forår/Spring – Week 4-29”
Press: “ View Timetable”
- Category
- Hours
- Exam
- 82
- Lectures
- 42
- Preparation
- 82
- Total
- 206
for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the student intranet (KUnet) for courses (English) andstudent intranet (KUnet) for courses (Danish).
Registration and information for foreign students not enrolled please find more information at Study Economics.
For enkelfagsstuderende sker tilmelding via Åbent Universitet og Merit.
- Credit
- 7,5 ECTS
- Type of assessment
- Written assignment, 3 weeksThe exam is a project paper that evaluates published cost-effectiveness research and identifies cost-effective treatments for a disease of the student’s choice. The student should demonstrate the ability to critically appraise cost-effectiveness research.
The paper can be answered in Groups of 2-3 students and in English or in Danish. Language must be chosen at the course or exam registration. - Aid
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
100 % censorship
- Exam period
The project has to be handed in no later than May 31, 2017 at 12.00 (noon)
For enrolled students more information about examination, exam/re-sit, rules etc. is available at the student intranet for Examination (English) and student intranet for Examination (KA-Danish).
- Re-exam
The project has to be handed in no later than August 31 2017 at 12.00 (noon)
If only a few students have registered for the re-exam, the exam might change to an oral exam including the date for the exam, which will be informed by the Examination Office.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- AØKK08210U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Spring
- Schedule
- Teaching:
Spring: Uge 6-17
Timeschedule: See "Remarks"
Exam and re-sits: See "Exam" - Continuing and further education
- Price
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Morten Størling Hedegaard (16-797b7e80717a3a74717071736d6d7e704c716f7b7a3a77813a7077)
- Rasmus Trap Wolf (3-8284875075737f7e3e7b853e747b)
Lecturers
Lectures: See Course responsible