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Economic Evaluation II

East Baltimore
2nd term
Health Policy and Management
3 credits
Academic Year:
2019 - 2020
Class Times:
  • M W,  3:30 - 4:50pm
Auditors Allowed:
Yes, with instructor consent
Grading Restriction:
Letter Grade or Pass/Fail
Course Instructor :
Joseph Levy

Economic Evaluation I (313.601.01)


Cost-effectiveness analysis (CEA) is a multidisciplinary science which aims to systematically and rigorously compare health interventions to reach optimal decision-making. Rooted in economic theory, decision science and statistics, CEA (and related methodologies) continue to evolve into a diverse toolkit of techniques that allow us to better quantify costs and effects of healthcare technologies and public health interventions.

Builds on the theory and methods taught in Economic Evaluation I to allow students to gain an understanding of intermediate topics in CEA. Provides students with experience of hands on development of decision trees. Focuses on having students become familiar with best practices in this growing field. Establishes the ability to critically appraise published work and construct simple cost-effectiveness models using Excel and other software. Prepares students for more complex modeling covered in Economic Evaluation III-IV.

Learning Objectives:

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

  1. Identify the key components of CEAs and critically review CEA and related literature
  2. Construct a decision tree model
  3. Quantify, visualize and communicate the effects of uncertainty in CEA
  4. Describe the role of health technology appraisal both within and outside the United States
  5. Discuss examples of ethical issues that can arise in applying economic evaluation to the allocation of societal health care resources
Methods of Assessment:

This course is evaluated as follows:

  • 20% Lab Assignments
  • 30% In-class Exercises
  • 15% Midterm
  • 25% Final Exam
  • 10% Participation

Enrollment Restriction:

Undergraduate students are not permitted in this course

Instructor Consent:

Consent required for some students

Consent Note:

Required if Economic Evaluation I was not completed in term 1 of 2018-2019.

For consent, contact:

Jointly Offered With: