COMING SOON

This course includes:

6 months

Badge on Completion

Certificate of completion

6 months

Describes how economic theory is linked to economic evaluation techniques like cost-benefit and cost-effectiveness analysis and to introduce students to many concepts that are specific to economic evaluation. Introduces students to the many varieties of economic evaluation to establish a common terminology. Discusses cost-benefit with a demonstration of how this type of evaluation is most clearly linked to economic theory. Explores other theories and concepts, including cost measurement, benefit valuation, and incremental decision-making. Finally, explores recommendations on performing economic evaluations that are made in the United States with a focus on how these are related to underlying economic theory and other concepts.

0

23

Created by
OpenCoursa

May 17, 2022

USA

0

(

ratings

)

23

students

Created by:

Profile Photo

Last updated:

May 17, 2022

Duration:

6 months

COMING SOON

This course includes:

6 months

Badge on Completion

Certificate of completion

6 months

Description

Describes how economic theory is linked to economic evaluation techniques like cost-benefit and cost-effectiveness analysis and to introduce students to many concepts that are specific to economic evaluation. Introduces students to the many varieties of economic evaluation to establish a common terminology. Discusses cost-benefit with a demonstration of how this type of evaluation is most clearly linked to economic theory. Explores other theories and concepts, including cost measurement, benefit valuation, and incremental decision-making. Finally, explores recommendations on performing economic evaluations that are made in the United States with a focus on how these are related to underlying economic theory and other concepts.

Course Objectives

By the end of this course students should be able to: (i) describe how economic theory is or is not related to the concepts underlying the valuation of costs and benefits in cost-benefit and cost-effectiveness analysis; (ii) apply a marginal decision-making process to economic evaluation results; (iii) relate the US Panel on Cost-Effectiveness in Health and Medicine guidelines to the concepts underlying economic evaluation; (iv) Differentiate among the cost of illness, cost minimization, cost-effectiveness, cost-utility, and cost-benefit studies; (v) Use supply and demand curves to interpret the costs and benefits associated with policy changes; (vi) assess willingness to pay for health improvements through a variety of methods including the value of a statistical life, conjoint analysis, and contingent market valuation.; (vii) calculate theoretically motivated costs of programs and interventions incorporating inflation adjustments and discounting to present value; (viii) interpret cost-benefit results to make policy alternative recommendations; (ix) describe different study designs for cost-benefit studies

Readings

Textbook Drummond MF, O'Brien B, Stoddart GL, Torrance GW. Methods for the Economic Evaluation of Health Care Programmes, Second Edition. Oxford University Press. 1997. Two reference texts are recommended for review Boardman, Greenberg, Vining, and Weimer. 1996. Cost-Benefit Analysis: Concepts and Practice, Upper Saddle River, NJ: Prentice-Hall Sloan (ed.), Valuing Health Care: Costs, Benefits, and Effectiveness of Pharmaceuticals and Other Medical Technologies, Cambridge University Press, 1995.

Course Curriculum

    • Introduction to Cost-Outcome Studies (Kevin Frick) 01:39:00
    • Economics and Economic Evaluation (Kevin Frick) 01:20:00
    • Study Designs (Kevin Frick) 01:30:00
    • Types of Cost Data (Damian Walker) 04:10:00
    • Discounting, Inflation, Capital Costs (Damian Walker) 01:15:00
    • Productivity Cost Concepts (Kevin Frick) 01:20:00
    • Contingent Market Valuation (Kevin Frick) 01:20:00
    • What is a QALY or DALY? (Kevin Frick) 01:25:00
    • Preference Elicitation Methods (Kevin Frick) 01:20:00
    • Multiattribute Utility Theory & Instruments (Kevin Frick) 01:25:00
    • Decision Rules (Kevin Frick) 01:30:00
    • Sensitivity Analysis and Inference (Kevin Frick) 01:25:00
    • Reference Case & Global Recommendations (Kevin Frick) 01:25:00
    • Concepts in Economic Evaluation Problem Set 1 24 hours
    • Concepts in Economic Evaluation Problem Set 2 24 hours
    • Concepts in Economic Evaluation Problem Set 3 24 hours

About the instructor

5 5

Instructor Rating

6

Reviews

4637

Courses

24150

Students

Profile Photo
OpenCoursa
We are an educational and skills marketplace to accommodate the needs of skills enhancement and free equal education across the globe to the millions. We are bringing courses and trainings every single day for our users. We welcome everyone woth all ages, all background to learn. There is so much available to learn and deliver to the people.