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May 17, 2022

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Description

This course will enable students to have a solid introduction to the theory, methods, and application of economic evaluation in health care with a specific focus on decision analysis and cost-effectiveness analysis. alternative approaches to modelling research questions for these fields. Approaches include calculation of costs and effectiveness measures using standard modelling methods. Compares outputs as a result of the decision tree and Markov modelling and introduces sensitivity analysis.

Course Objectives

At the conclusion of this course, students will be able to:
  • Define Basic Concepts of Economic Evaluation
  • Understand different Methods and Tools of Economic Evaluation
  • To define the scope of an economic evaluation
  • To understand how to frame comparators for your audience based on a target population
  • What are the alternatives to a vaccine program?
  • To define the perspectives impacted by a vaccine program
  • To understand how to frame the time horizon of a vaccine program
  • To consider the impact of vaccines on different stakeholders at different time points
  • To differentiate between uses of decision tree and Markov model
  • To identify study designs that contribute to better cost, effectiveness and probability parameter estimates
  • To understand the process of probability extraction from high-quality sources
  • To describe the measurement of health gains in terms of health state preference and natural units
  • To provide background on the rationale and importance of Decision Analysis (DA) and Cost-effectiveness Analysis (CEA)
  • To explain the theoretical foundation's DA/CEA

Course Sessions and Credit Hours

  • Overview of Decision Analysis and Cost-Effectiveness (1 Hour)
  • Defining the Scope of a Cost-effectiveness Analysis I (1 Hour)
  • Defining the Scope of a Cost-effectiveness Analysis II (1 Hour)
  • Study Design Components of Economic Evaluation (1 Hour)
  • Measuring and Valuing Costs (4 Hours)
  • Measuring and Valuing Health Outcomes (1 Hour)
  • Reporting and Interpreting Results of Economic Evaluation (2 Hours)
  • Introduction to Decision Tree Modeling (4 Hours)

Readings

 
Requirement Readings
Required Reading
  • Gupta, Madhu, et al. "Cost-effectiveness of Haemophilus influenzae type b (Hib) vaccine introduction in the universal immunization schedule in Haryana State, India." Health policy and planning 28.1 (2012): 51-61.
  • Clark, Andrew D., et al. "Impact and cost-effectiveness of Haemophilus influenzae type b conjugate vaccination in India." The Journal of paediatrics 163.1 (2013): S60-S72
Recommended Reading
  • Drummond, Michael F., et al. Methods for the economic evaluation of health care programmes. Oxford university press, 2015.
  • Sanders, Gillian D., et al. "Recommendations for conduct, methodological practices, and reporting of cost-effectiveness analyses: second panel on cost-effectiveness in health and medicine." Jama 316.10 (2016): 1093-1103.
  • World Health Organization. "WHO guide for standardization of economic evaluations of immunization programmes." (2008).
  • Briggs, Andrew H., Karl Claxton, and Mark J. Sculpher. Decision modelling for health economic evaluation. Oxford University Press, USA, 2006.

Course Curriculum

    • Overview of Decision Analysis and Cost-Effectiveness 01:00:00
    • Defining the Scope of a Cost-effectiveness Analysis I 01:00:00
    • Defining the Scope of a Cost-effectiveness Analysis II 01:00:00
    • Study Design Components of Economic Evaluation 01:00:00
    • Measuring and Valuing Costs 04:00:00
    • Measuring and Valuing Health Outcomes 01:00:00
    • Reporting and Interpreting Results of Economic Evaluation 02:00:00
    • Assignments 00:30:00

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