313.602.01
Economic Evaluation II
Location
East Baltimore
Term
2nd Term
Department
Health Policy and Management
Credit(s)
3
Academic Year
2023 - 2024
Instruction Method
In-person
M, W, 3:30 - 4:50pm
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Frequency Schedule
Every Year
Resources
Prerequisite
Economic Evaluation I (313.601.01)
Cost-effectiveness analysis (CEA) is a multidisciplinary science which 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 better quantify costs and effects of healthcare technologies and public health interventions.
Builds on the theory and methods taught in Economic Evaluation I to allow students to gain an understanding of intermediate topics in CEA. Provides students with experience of hands on development of decision trees. Focuses on having students become familiar with best practices in this growing field. Establishes the ability to critically appraise published work and construct simple cost-effectiveness models using Excel and other software. Prepares students for more complex modeling covered in Economic Evaluation III.
Learning Objectives
Upon successfully completing this course, students will be able to:
- Identify the key components of CEAs and critically review CEA and related literature
- Construct decision tree and Markov models
- Quantify, visualize and communicate results and uncertainty in CEA
- Describe the role of health technology appraisal both within and outside the United States
Methods of Assessment
This course is evaluated as follows:
- 20% Midterm
- 35% Assignments
- 10% Participation
- 35% Final Project
Final grade applies to all terms