AØKA08079U Health Economics

Volume 2013/2014
MSc in Economics
Topics that will be looked at:

  • Valuation of a life
  • Valuation of health-related quality of life
  • Quality-Adjusted Life Years (QALY) models
  • Grossman's theory of health care demand
  • Cost-Benefit Analysis (CBA) and Cost-Effectiveness Analysis (CEA) of health care programmes
  • Peculiarities of health care goods and market failures
  • Public and private health insurance
  • Distributive justice and access to health care services
  • Measurement of efficiency in health care production
  • Assessment of region- and disease-specific Burden of Disease (BoD)
  • The market for pharmaceuticals.
Learning Outcome

The course in Health Economics aims to provide the student with solid knowledge about a wide range of health economic models and applications.

The student is presented to the basic models of economic evaluation of health care programmes, peculiarities in markets for health care services, health insurance, health care productivity analysis, and regulation of pharmaceutical markets.

As an applied micro course, the student sees how fundamental issues in often complex health economic problems and dilemmas can be analyzed using the toolbox of the undergraduate level micro courses. While the scope of the course is mainly theoretical, it is closely related to practical problems in health care production and administration. The course therefore provides the student with a good foundation for administrative and analytical positions in various organizations in the health care sector.

At the end of the course, the student will be able to analyze specific health economic issues, from the perspective of an economic model. For successful completion of the course, the student demonstrates a reasonable insight into the underlying economic issues in the health care sector, is able to draw on basic modelling frameworks in analyzing such problems, and presents a discussion of these issues in a fairly clear and organized way. The very good student demonstrates a deep understanding of the theoretical models presented in the course, and is able to connect, combine or adapt general ideas and concepts to specific health economic problems under consideration.

Economic Analysis in Health Care. By Stephen Morris, Nancy Devlin, David Parkin. Wiley. 2. udgave
BA in Economics or similar.
3 hours of lectures per week for 14 weeks.
  • Category
  • Hours
  • Exam
  • 3
  • Lectures
  • 42
  • Preparation
  • 161
  • Total
  • 206
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
A 3 hours written assignment taking place at Peter Bangs Vej 36.
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship
100 % censurship
Exam period
Will be updated before the start of the semester
Same as ordinary. But if only a few students have registered for the re-exam, the exam might change to an oral exams with a synopsis to be handed in. This means that the examination date also will change.
Criteria for exam assesment
The Student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.