HEVAL5120 ¨C Modeling in economic evaluation I

Course content

The course aims to introduce the basic principles of deterministic and probabilistic modelling in economic evaluation of health programmes (decision trees, Markov models). You will learn to know how to structure a decision problem and how to estimate the incremental cost-effectiveness (ICER), cost-effectiveness acceptability curves (CEACs) and cost-effectiveness frontiers (CEAFs). The estimations will be carried out in excel.

Learning outcome

Knowledge

You will gain knowledge of:

• Theoretical foundation of modelling
• Types of models
• Development of decision trees and Markov models
• Partitioned survival models
• Probabilistic analysis (PA)
• Interpret the results of PA

Skills

You will learn how to:

• Define a decision problem and translate it into a decision analytic model
• Develop decision trees in excel
• Develop Markov models in excel
• Undertake partitioned survival models
• Undertake deterministic sensitivity analysis
• Use Bayes¡¯ theorem for probability revision
• Undertake probabilistic analysis in excel and VBA (macros)
• Use results from clinical trials and other data sources as inputs in models

General competence

You will be able to:

• Understand and evaluate different types of economic analyses
• Perform decision analysis
• Present policy recommendations

Admission to the course

This course is only available for students at the following master programmes:

• Health Economics, Policy and Management (master)
• European Master in Health Economics and Management (master)

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

Formal prerequisite knowledge

HMM4301 ¨C Optimal allocation of health care resources and economic evaluation of health care technologies (discontinued) or HEVAL4200 ¨C Fundamentals of Economic Evaluation in Health Care.?

Overlapping courses

• 5 credits overlap with HME4309 ¨C Advanced course in economic evaluation of health care (discontinued).

Teaching

Self study, lectures, computer exercises with laptops

A student who has completed compulsory instruction and coursework and has had these approved, is not entitled to repeat that instruction and coursework. A student who has been admitted to a course, but who has not completed compulsory instruction and coursework or had these approved, is entitled to repeat that instruction and coursework, depending on available capacity.

Examination

Home examination.

Language of examination

For students at Eu-HEM: English

For students at HEPAM: The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Resit an examination

For Eu-HEM students:

An EU-hem student cannot present her or himself for the examination in a course more than two times. There will be held re-sits for EU-hem students who have failed an exam or who have legitimate absence (usually illness) in January and August. If you are entitled to a re-sit you must contact the student advisor via email no longer than one week after the result of the exam has been published.

More about examinations at UiO

• Use of sources and citations
• Special exam arrangements due to individual needs
• Withdrawal from an exam
• Illness at exams / postponed exams
• Explanation of grades and appeals
• Resitting an exam
• Cheating/attempted cheating

You will find further guides and resources at the web page on examinations at UiO.