An introduction to the principles of assessing health technologies’ and services’ economic value—an important element of the justification of funding decisions throughout the health care system.
Health economic evaluation provides a critical basis for assessing the value of health technologies and services. It is increasingly used to inform funding decisions for not only new health technologies but broader services across the entire health care system.
It is also an expected component of most health-related research grant applications, making greater knowledge and experience of health economic evaluation vitally important for researchers.
Dates: March-June 2017 (midyear break)
This course comprises six modules covering the main frameworks for economic evaluation, with a focus on model-based economic evaluation. Each module includes a set of on-demand online lectures and a computer-based practical, in which you’ll apply the taught methods using real world examples.
A customised website provides you with access to lectures and videos, additional materials, and discussion boards for interaction with fellow students and the course coordinator. Online sessions are held at the end of each module for real-time discussion and clarifications.
Key learning benefits
On completion of the course you will have the necessary knowledge and materials to: undertake a basic health economic evaluation; explore methods for more complex evaluations; and critically review the conduct and validity of presented or published evaluations.
Module 1: Key concepts; introduction to quality-adjusted life years; opportunity cost and the cost-effectiveness threshold.
Module 2: Economic evaluation alongside clinical studies; decision trees for economic evaluation.
Module 3: Extrapolating costs and outcomes; state transition models; defining model structures; introduction to model implementation.
Module 4: Estimating input parameter values (transition probabilities; treatment effects; costs; and utility values).
Module 5: Uncertainty analysis (bootstrapping; probability distributions; interpretation).
Module 6: Model performance evaluation (alternative forms of validation, with focus on model calibration).
Please contact course coordinator Professor Jon Karnon for enrolment information.
Cross-institutional enrolments are also accepted.
Try before you buy: if you enrol in this course as a non-award student and satisfactorily complete all assignments, you will have the option of including it as part of a postgraduate qualification in health economics (graduate certificate, graduate diploma or master’s degree).
Non-Award Domestic Students: $3,435 AUD
Non-Award International Students: $3,936 AUD
Cross-Institutional Students: $3,435 AUD
Audit fees (excludes assessment and assignments)
Public sector and academic: $1,500 AUD
Private sector and commercial: $2,500 AUD
Who should attend?
The course is ideal for professionals in mid-career health policy, planning and management roles.
It also provides a strong foundation for researchers who wish to apply health economic methods in their area of focus.
About the course coordinator
Professor Jon Karnon is the president of the Health Services Research Association of Australia and New Zealand. He has published over 100 applied and methods-based health economic evaluation papers, led an international taskforce on cost-effectiveness modelling methods, and been a member of the Economic Sub-Committee of the Pharmaceutical Benefits Advisory Committee since 2009.
What our previous students say
This course allowed me to practise putting together parts of economic models and explore the practical application of important concepts. I am more confident and much better placed to engage with issues in this area.Robyn Lambert, Health Researcher, Adelaide
"This course has provided me with a deeper understanding of economic models, and the skills to apply this in practice. The content was presented in challenging and engaging ways. Highly recommended for anyone interested in the practical side to health economics."Joe Whitehouse, Pharmacist, Adelaide
"I found the course extremely enjoyable and informative. Thanks to the online step-by-step video tutorials I can confidently conduct an economic evaluation and use it to inform decisions about health interventions. This new skill will be invaluable."Tanisha Hutchinson, Health Administrator, Adelaide