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Course Catalog

313.604.01 Economic Evaluation IV

Health Policy and Management
4th term
3 credits
Academic Year:
2019 - 2020
East Baltimore
Class Times:
  • Tu Th,  1:30 - 2:50pm
Auditors Allowed:
Grading Restriction:
Letter Grade or Pass/Fail
Bryan Patenaude
Course Instructor:

Economic Evaluation I (313.601.01), II (313.602.01), and III (313.603.01)


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 upon the theoretical concepts taught in Economic Evaluation I-II and the methodological skills taught in Economic Evaluation III.

Examines advanced methods in the economic analysis of health programs with applications to domestic and international health. Explores advanced topics including: Cost-Effectiveness Analysis (CEA) as well as advanced methodologies for benefit-cost analysis (BCA), eliciting and analyzing revealed and stated preferences for BCA and CEA, discrete choice experiments (DCE), incorporating equity such as benefit-incidence analysis (BIA), behavioral economics and economic evaluation, microsimulation, and multi-criteria decision analysis.

Learning Objectives:

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

  1. Design a CEA and BCA utilizing survey data and conduct a provider-perspective and societal-level CEA and BCA based on survey data
  2. Describe the theoretical basis for cost-benefit analysis as differentiated from cost-effectiveness analysis
  3. Demonstrate the use of stated preference methods, reveled preference methods, microsimulation, and multi-criteria decision analysis in the allocation of health care resources
  4. Describe methods for examining equity and behavioral agents in economic analyses
Methods of Assessment:

Class participation and attendance (10%); BCA, BIA or Microsimulation project (40%); Homework Assignments (20%); Final examination (30%)

Enrollment Restriction:

Undergraduate students are not permitted in this course

Instructor Consent:

Consent required for some students

Consent Note:

Required if Economic Evaluation III was not completed in term 3 of 2019-2020.

For consent, contact:

Jointly Offered With: