313.631.01
Economic Evaluation II

Prerequisite:

Economic Evaluation I (313.630)

Description:

Building upon the theoretical concepts taught in Economic Evaluation I, this course will provide advanced content in the areas of decision analysis and cost-effectiveness.

Provides advanced content in decision analysis and cost-effectiveness and alternative approaches of modeling research questions for these fields. Approaches include calculation of costs and effectiveness measures using standard modeling methods. Compares outputs as a result of decision tree and Markov modeling and introduces sensitivity analysis. Students participate in group projects to produce a well-thought model on a topic of their own choosing in decision analysis or cost-effectiveness.

Learning Objectives:

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

1. Differentiate between decision analysis and cost-effectiveness analysis modeling methods
2. Determine the costs, effectiveness measures, and health outcomes associated with economic evaluation of public health topics
3. Construct decision trees and Markov models
4. Produce valid comparative results of economic evaluation(s)
5. Analyze uncertainty through the use of Bayesian multivariate probabilistic sensitivity analysis

Methods of Assessment:

5 homework assignments based on labs (50%); final exam (20%); final group project (30%)

Enrollment Restriction:

undergraduate students are not permitted in this course

Instructor Consent:

No consent required

Jointly Offered With:

• IH

Special Comments:

Since participation is a critical component of this course, instructor suggests that students should register for a letter grade.