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Course Catalog


Health Policy and Management
3rd term
4 credits
Academic Year:
2014 - 2015
East Baltimore
Class Times:
  • W F,  10:30 - 11:50am
Auditors Allowed:
Grading Restriction:
Letter Grade or Pass/Fail
Dagna Constenla
Course Instructors:

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The prerequisite for this course is to have completed Economic Evaluation I (313.630) with a passing grade no lower than “B”.


This second part of the Economic Evaluation sequence delves deeper into the concepts taught in the Economic Evaluation I course, beginning with a look at alternative approaches to economic evaluation. Explores costs in more detail by examining the various adjustments to costs. Explores outcome measures in much more depth by investigating the theoretical framework for the value of health and health care to the consumer (e.g. Grossman), and examining methods for measuring health state preferences (e.g. TTO, SG, E5QD). Modeling is more time-intensive than previously. Students learn how to expand their models and construct a Markov model, as well as related techniques for deriving probabilities. Students also perform multivariate sensitivity analyses.

Learning Objectives:

Upon successfully completing this course, students will be able to:

  1. identify the key steps involved in building and analyzing a Markov model
  2. carry out an economic evaluation designed to guide the investment decisions of policy makers using Markov modeling
  3. effectively communicate results from the cost-effectiveness analysis
Methods of Assessment:

In-class exercises, modeling assignment and final exam.

Enrollment Restriction:

undergraduate students are not permitted in this course

Instructor Consent:

No consent required

Jointly Offered With: