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PU5401: ECONOMIC EVALUATION-PRINCIPLES AND FRAMEWORKS (2020-2021)

Last modified: 01 May 2020 08:56


Course Overview

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.

 

 

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Research Fellow Dwayne Boyers

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

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

  • Be aware of the costs and benefits to be considered in an economic evaluation, as well as how to value these costs and benefits
  • Be familiar with the main approaches to economic evaluation (cost-effectiveness analysis (CEA), cost-utility analysis (CUA) and cost-benefit analysis (CBA)) and know when to use these different approaches.
  • 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

 

 


Summative Assessments

Essay

Assessment Type Summative Weighting 33
Assessment Weeks 5 Feedback Weeks 7

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Feedback

Feedback on final submission assignments with students released grades.

Word Count 600
Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Essay

Assessment Type Summative Weighting 67
Assessment Weeks 10 Feedback Weeks 12

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Feedback

Feedback on final submission assignment with annotated comments with released students grade.

Word Count 600
Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Formative Assessment

Multiple Choice Questions

Assessment Type Formative Weighting 0
Assessment Weeks 4 Feedback Weeks 4

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Feedback

Feedback after submission is online. Score based on the number of correct answers, plus explanation of correct answers.

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Multiple Choice Questions

Assessment Type Formative Weighting 0
Assessment Weeks 2 Feedback Weeks 2

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Feedback

Feedback after submssion online. Score of number of correct answers plus explanation of correct answers.

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Multiple Choice Questions

Assessment Type Formative Weighting 0
Assessment Weeks 1 Feedback Weeks 1

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Feedback

Multiple Choice Questions. Feedback after submission. Score of number of correct answers plus explanation of correct answers.

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ConceptualAnalyseDescribe the practical issues when identifying, measuring and valuing costs and benefits in an economic evaluation
ConceptualAnalyseDiscuss 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
ConceptualAnalyseDistinguish 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
ConceptualApplyExplain the importance of defining the economic evaluation question (whether technical or allocative efficiency)
ProceduralEvaluateDemonstrate critical appraisal of published economic evaluations with help of checklists for assessing the quality of studies
ProceduralAnalyseIdentify 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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