Health Economics
Study Course Implementer
14 Baložu street, Riga, statistika@rsu.lv, +371 67060897
About Study Course
Objective
Preliminary Knowledge
Learning Outcomes
Knowledge
1.Students will: • Explain the foundations and scope of cost and efficiency analyses. • List how efficiency analyses can be used in formulation of public policy. • Define what information is needed to do analyses. • Describe empirical methods that are in use in the health care area. • Outline the theory, principles and methods of economic evaluation. • Explain basic cost concepts and methods for analysing uncertainty. • Distinguish methods for modelling and collection of data for economic evaluation, as well as methods for monetary valuations of health improvements.
Skills
1.Students will be able to: • Apply production theory, incl. cost functions, efficiency and productivity concepts. • Choose statistical tools for analysing costs, productivity and efficiency. • Use empirical productivity analyses of hospital data. • Perform a basic economic evaluation. • Select medical interventions according to the decision rules of cost-effectiveness analysis. • Calculate costs and health outcomes of different medical interventions. • Develop a decision model Judgement and approach. • Assess the choice of methods for economic evaluation of health care programmes. • Reflect on the role of health economic evaluation for different actors in society.
Competences
1.Students will be competent to: • Calculate efficiency and cost estimates based on provided data, critically analyse them and, if necessary, carry out additional analysis. • Judge and discuss the relevance and limitations of empirical efficiency and performance measures, demonstrating awareness of the potential impact of professional activity on society. • Assess and interpret cost-effectiveness studies, integrating knowledge from different areas.
Assessment
Individual work
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
|
-
|
|
• Literature studies on each of 8 topics.
• 2 homeworks on topics of:
1. Health outcomes and costs.
2. Decision analytic modelling.
|
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
|
|
Assessment on the 10-point scale according to the RSU Educational Order:
• 2 homeworks, each counting 25% of the final grade.
• Closed book written exam (50%)
|
||
Study Course Theme Plan
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Introduction. Economic evaluation in health care.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Life tables and extrapolation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Measuring, valuing, and analysing health outcomes.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Defining, measuring, and valuing costs.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Analysing costs.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Decision analytic modelling: decision trees.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Decision analytic modelling: Markov models.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
3
|
Topics
|
Finals. Analysing cost-effectiveness studies.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction. Economic evaluation in health care.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Life tables and extrapolation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Measuring, valuing, and analysing health outcomes.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Defining, measuring, and valuing costs.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Analysing costs.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Decision analytic modelling: decision trees.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Decision analytic modelling: Markov models.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Computer room
|
2
|
Topics
|
Finals. Analysing cost-effectiveness studies.
|
Bibliography
Required Reading
Cost Effectiveness Modelling for Health Technology Assessment: A Practical Course / Richard Edlin, Christopher McCabe, Claire Hulme. 2015.
The Economics of Health and Health Care / Sherman Folland, Allen Charles Goodman, and Miron Stano. 2017.
Drummond MF et al. Methods for the Economic Evaluation of Health Care Programmes, 4th edition. New York: Oxford University Press (Paperback). 2015.