313.632.01 ECONOMIC EVALUATION III

Provides provide students with a strong grounding in the several advanced concepts in economic evaluation. It is structured for students to develop a detailed example of an economic evaluation that could be published. The course will cover alternatives to traditional QALY estimation, stated preference estimation (including conjoint analysis), hypothesis testing, stochastic cost-effectiveness analysis, and advanced probabilistic modeling building. Problems associated with the interpretation of cost-effectiveness ratios will be discussed, as will possible solutions such as multiple technology assessment, variable cost-effectiveness thresholds, adjustments for compliance and equity weighting.

The primary objectives of this course are: (1) to introduce students to advanced topics in economic evaluation (including advanced probabilistic modeling) (2) to have students consider the limitations (and alternatives) to the traditional cost-per-QALY paradigm; and (3) for students to develop a working understanding of the factors involved in writing a publishable cost-effectiveness analysis or other applied economic evaluation.