GCH 8142 Health Economics
The course will provide an overview of health economics and decision sciences with a focus on the cost-effectiveness analysis of healthcare interventions. The course is divided into two main sections. The first section lays the foundation by introducing basic concepts in health economics, describing the difference between macro and microeconomics, and highlighting some of the main topics in each. The second section focuses on the theoretical and applied aspects of cost-effectiveness simulation modeling including scoping, types of simulation models, model parameters, uncertainty, and critical appraisal of economic evaluation models. It also includes some important topics that will help put the previous lectures into perspective. We will learn about behavioral economics, shared decision-making, financing overview of healthcare systems with a focus on insurance and taxation, and mechanisms of pricing and reimbursing novel interventions.