COLLEGE OF MEDICINE AND HEALTH
Medicine, Nursing and Allied Health Professions

Module

Health Economics

Module titleHealth Economics
Module codeHPDM057
Academic year2021/2
Credits15
Module staff

Dr Antonieta Medina-Lara (Convenor)

Duration: Term123
Duration: Weeks

5

Number students taking module (anticipated)

16

Description - summary of the module content

Module description

The module will introduce the basic principles of economics analysis in health care and the tools used in health economics. It will provide information on the underlying concepts of scarcity and choice, opportunity cost, demand and supply for health care, supplier-induced demand, efficiency and equity; will consider the processes of health care financing and health insurance. It will emphasize the use of different approaches to economic evaluation including the identification and valuation of costs and health benefits and modelling for assessing health care interventions as a way of making informed decisions in terms of costs and benefits.

Please note, in light of COVID-19:

-       Face-to-Face lecture may be replaced by short pre-recorded videos for each topic (15-20 minutes) and/or brief overview lectures delivered via MS Teams/Zoom, with learning consolidated by self-directed learning resources in ELE activities.

-       Small-group discussion in tutorial and seminars may be replaced by synchronous group discussion on Teams/Zoom; or asynchronous online discussions, for example via Yammer or ELE Discussion board.

-       Workshops involving Face-to-Face classroom teaching may be replaced by synchronous sessions on Teams/Zoom; or asynchronous workshop activities supported with discussion forum.

-       Skills workshops involving practical skills acquisition demonstrations may be replaced by short pre-recorded videos as pre-learning; or workshop via Teams/Zoom.

Module aims - intentions of the module

The aim of the module is to introduce you to economic thinking and economic techniques  and tools which are used for understanding the health care setting.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 1. Critically evaluate how economic ideas and principles may be applied to health and health care
  • 2. Develop the ability to use core economic concepts and tools to health and health care problems
  • 3. Differentiate the appropriate method for analysing the cost and benefits for health care interventions
  • 4. Critically evaluate the mechanisms of other health care systems

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

  • 5. Analyse essential facts and theory in health economics
  • 6. Describe and begin to understand aspects of current research methods used in health economics within published research articles.

ILO: Personal and key skills

On successfully completing the module you will be able to...

  • 7. Analyse data using a strong set of quantitative skills
  • 8. Demonstrate critical thinking, problem-formulation and problem
  • 9. Interact effectively within group showing aspects of leadership and teamwork

Syllabus plan

Syllabus plan

Whilst the module’s precise content may vary from year to year, an example of an overall structure is as follows:

  The module will cover 16 topics. Lectures and practical exercises will be used to deliver the module. Among the topics are:

  1.  Introduction to economic analysis in health care
  2. Demand for health care

  3. Supply of health care

  4. Supply induced demand

  5. Market failure

  6. Health insurance

  7. Economic evaluation

  8. Cost measurement

  9. Valuation of health outcomes

  10. Economic modelling in health care

  11. Common topics on economic evaluation studies

  12. Critical appraisal

  13. Health technology assessment

  14. Willingness to pay and discrete choice experiments

  15. Health care financing

  16. Priority setting and health equity

 

Learning and teaching

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
40110

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled learning & teaching activitie12Lectures, seminars, master-classes to enhance learning through introduction to key topics, specialist areas and role models and diversity of contexts and outcomes
Scheduled learning & teaching activitie28Group discussions, practical exercises, simulated case-studies and engagement with real-world scenarios to foster experiential learning with opportunities for peer and tutor feedback.
Guided independent study66Web-based learning; resource gathering and in-depth reading during the period of module delivery.
Guided independent study44Preparation and writing of assignments

Assessment

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Group reflection and discussionScheduled, throughout term1-9Verbal feedback

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
65035

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Presentation 3515 mins (10 minutes presentation, 5 minutes questions/ comments)1-9Verbal feedback
Written scientific paper-style report651,500 words (maximum)1-6, 8Written feedback
0
0
0
0

Re-assessment

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
PresentationPresentation (to be conducted in person or via video conferencing) Notes of presentation also be submitted1-9Typically within six weeks of the result
Written scientific paper-style reportWritten scientific paper-style report (1,500 words maximum)1-6, 8Typically within six weeks of the result

Re-assessment notes

Same as for the original summative assessment, to include response to the written feedback and undertaken during the University’s agreed referral/deferral period.

 

If the reassessed presentation cannot be delivered directly to the tutor then it can be conducted by video-conferencing/Skype or submitted as a video. Notes of the presentation should also be submitted.Same as for the original summative assessment, to include response to the written feedback and undertaken during the University’s agreed referral/deferral period.

 

Resources

Indicative learning resources - Basic reading

Textbooks:

  • Morris S, Devlin N, Parkin D and Spencer A. 2012. Economic Analysis in Health care. John Wiley & Sons.

  • Drummond MF, Sculpher MJ, Claxton K, Stoddart GL, Torrance GW. 2015. Methods for the Economic Evaluation of Health Care Programmes. 4th ed. Oxford: Oxford University Press.

 

Indicative learning resources - Web based and electronic resources

A full list of recommended resources will be available of the University of Exeter’s electronic learning environment (ELE, http://as.exeter.ac.uk/it/systems/ele/)

Module has an active ELE page

Key words search

Health economics

Credit value15
Module ECTS

7.5

Module pre-requisites

None

Module co-requisites

None

NQF level (module)

7

Available as distance learning?

No

Origin date

16/03/2017

Last revision date

30/07/2020