313.630.01
Economic Evaluation I
Location
East Baltimore
Term
2nd Term
Department
Health Policy and Management
Credit(s)
3
Academic Year
2017 - 2018
Instruction Method
TBD
W, F, 10:30 - 11:50am
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Greg de Lissovoy
Contact Email
Frequency Schedule
Every Year
Resources
Prerequisite
Introduction to Microeconomics (313.639), Applied Microeconomics for Policymaking (313.603), or Mathematical Microeconomics (313.670); or similar prior coursework in basic microeconomic theory
Demand for health services is increasing due to population growth, rising income and expectations, higher demand for care, and new technologies. Because all societies have limited resources, expenditures must be balanced against other needs such as infrastructure, education, and social welfare. Managers face decisions about allocation of funds to different population segments (e.g. young versus elderly) or different types of programs (e.g. prevention versus treatment, acute versus chronic disease), and programs with great benefit for a few versus modest benefit for many (e.g. organ transplant versus cataract surgery).
The first in a three course sequence, students secure a solid introduction to the theory, methods, and application of economic evaluation in health care with a specific focus on cost-effectiveness analysis.
Learning Objectives
Upon successfully completing this course, students will be able to:
- Explain the concept of “value” in health care from the perspective of economic theory
- Summarize commonly used methods of economic evaluation, their main features, and appropriate use
- Critique a published report of an economic evaluation with reference to the statement of the problem, sources of data, methods, and presentation of findings
- Describe the role of economic evaluation in health policy and allocation of health care resources
- Discuss examples of ethical issues that can arise in applying economic evaluation to the allocation of societal health care resources
Final grade applies to all terms
Enrollment Restriction
undergraduate students are not permitted in this course
Jointly Offered With
This course is targeted towards students with a background in microeconomics and an interest in taking a rigorous course sequence including Economic Evaluation II (313.631) and Economic Evaluation III (313.632). Students who are instead interested in a less-rigorous survey course or have no background in microeconomics should take the online course Introduction to Economic Evaluation (313.790.81). Students taking Economic Evaluation I-III are encouraged (but not required) to be concurrently enrolled in the three-course sequence Health Economics I-III (313.643, 313.644, 313.645).