Economic Evaluation


Course Objective

After finishing the course Economic Evaluation the student has obtained
knowledge of HTA research and specifically economic evaluations. The
student is able to choose between a trial-based or model-based study
to answer his/her research question. The student is aware of the
challenges associated with performing economic evaluations and is able
to design an economic evaluation while taking into account these
challenges. The student is able to analyse, interpret and report cost-
effectiveness data from trial- based and model studies. Finally, the
student is able to critically read and judge the quality of cost-
effectiveness trials and model studies.

Course Content

The course will include the following topics:
- Aims of economic evaluations
- Types of economic evaluations
- Measuring, valuing and analyzing costs
- Quality of life, utilities and QALYs
- Monetary valuation of informal care and productivity losses
- Bootstrapping
- Incremental cost-effectiveness ratios
- Cost-effectiveness planes
- Cost-effectiveness acceptability curves
- Net-benefit framework
- Sensitivity analysis
- Decision tree analysis
- Markov modelling
- Probabilistic sensitivity analysis
- Interpretation and reporting of results of economic evaluations
- Use of cost-effectiveness information in health care policy

Teaching Methods

Lectures (33 hours), workshops (3 hours), computer practicals (20 hours)

Method of Assessment

Two assignments and a written examination. The first assignment will be
graded with a grade between 1 and 10, and constitutes 30% of the final
grade. The second assignment will be
graded as sufficient/insufficient. Both assignments should be sufficient
(first assignment grade >=6, second assignment sufficient) to pass the
course. A written examination will account for 70% of the final grade,
and should be graded >= 6 as well.


- Gray AM, Clarke PM, Wolstenholme JL, Wordsworth S. Applied Methods of
Cost-effectiveness Analysis in Health Care. Oxford: Oxford University
- Additional literature on Canvas.

Target Audience

Students following the master Health Sciences and other interested
master students.

Additional Information

Lecturers: Dr. Judith Bosmans, Dr. Veerle Coupé, Dr. Hanneke van Dongen
and several guest lecturers

General Information

Course Code AM_470828
Credits 6 EC
Period P1
Course Level 500
Language of Tuition English
Faculty Faculty of Science
Course Coordinator dr. J.E. Bosmans
Examiner dr. J.E. Bosmans
Teaching Staff dr. J.E. Bosmans
dr. V.M.H. Coupé

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Study Group, Computer lab
Target audiences

This course is also available as: