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Economic Evaluation III

East Baltimore
3rd Term
Health Policy and Management
Academic Year
2022 - 2023
Instruction Method
Class Time(s)
M, W, 3:30 - 4:50pm
Auditors Allowed
Available to Undergraduate
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Emmanuel Drabo
Contact Email
Frequency Schedule
Every Year
Next Offered
2024 - 2025

Economic Evaluation I (313.601) and II (313.602)

Cost-effectiveness analysis (CEA) is a multidisciplinary science that aims to systematically and rigorously compare health interventions to reach optimal decision-making. Rooted in economic theory, decision science, and statistics, CEA (and related methodologies) continue to evolve into a diverse toolkit of techniques that allow us to quantify better the costs and effects of healthcare technologies and public health interventions.
Provides advanced content in Economic Evaluation and alternative methods of value assessment. Builds upon theoretical concepts taught in Economic Evaluation I and II, with a deeper look into decision analysis and cost-effectiveness analysis, and alternative approaches of modeling research questions for these approaches. Reviews theoretical concepts in labor and welfare economics pertaining to costing and effectiveness measurement that are used to inform resource allocation in public health, healthcare, and medicine. Provides methodology training in the development and analysis of models for economic evaluation.
Learning Objectives
Upon successfully completing this course, students will be able to:
  1. Explain and apply advanced methods of value assessment in health
  2. Measure the costs, health effects, and equity of public health interventions
  3. Estimate the efficiency, profitability, affordability, and equity impacts of alternative public health interventions
  4. Account for uncertainty in parameter estimates and risk in economic evaluation
  5. Differentiate between economic evaluation modeling methods and select the appropriate model type for economic evaluation problems
  6. Recognize practical considerations with modeling
Methods of Assessment
This course is evaluated as follows:
  • 20% Homework
  • 30% Lab Assignments
  • 20% Midterm
  • 30% Group Presentation
Enrollment Restriction
Undergraduate students are not permitted in this course
Jointly Offered With