PUN018 Economic Evaluation for Healthcare Decision Making
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | PUN018 |
|---|---|
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,124 |
| Pre-2021 CSP student contribution | $1,663 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,444 |
| International unit fee | $5,220 |
Unit Outline: Semester 1 2025, Kelvin Grove, Internal
| Unit code: | PUN018 |
|---|---|
| Credit points: | 12 |
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
| Coordinator: | David Brain | david.brain@qut.edu.au |
Overview
Globally, healthcare systems are facing increasing demand, yet increases to funding are slowing. In this situation, choices must be made about what services to fund, how they should be delivered and to whom they should be provided. Economic analyses can be applied to these questions; and the wider goal is to allocate scarce health care resources efficiently. The findings from economic analyses should be easy to interpret and should signal how funding might be optimally distributed. This unit is aimed at healthcare professionals and individuals in public, commercial and academic organisations interested in healthcare resource allocation and innovation. It will improve understanding of priority setting and expose participants to the methods of economic evaluation of healthcare interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Produce and interpret the results of economic models
- Analyse the value of economic evidence within frameworks for decision making
- Construct and evaluate economic models using appropriate software
- Apply the principles of priority setting in healthcare
- Communicate and translate technical results for healthcare decision makers
Content
This unit will cover the following:
- priority setting
- how to measure costs and health benefits
- economic modelling - what it is and why we do it, how to structure models, how to present the results, and how to capture uncertainty inherent in the data
- building and evaluating cost-effectiveness models using appropriate software
- how to interpret the results from these analyses
- translating technical results for pragmatic and sustainable decision making
Learning Approaches
In this unit, you will learn by engaging in the following:
- lectures
- guest speaker presentations
- tutorials
- workshops
- online readings and learning materials
- real world examples of economic analysis
It will be delivered through weekly lectures, tutorials and workshops to undertake practical, computer-based activities. Where possible, in-class preparation for assessment will take place. There is a focus on application of principles to real situations. To maximise learning outcomes you are strongly encouraged to attend all teaching offerings in person.
In order to maximise your learning experience in this unit, preparation in advance of teaching activities, and active participation, is expected of you. In addition to in-class learning, there will be opportunities for engaging with learning materials online, including recordings of teaching activities. You can engage with the online learning materials at your own pace.
Feedback on Learning and Assessment
Problem-based exercises and other learning activities during tutorials and workshops provide opportunities for formative feedback from teaching staff. Assessment items will build on each other to allow an incremental approach to learning. You will receive written feedback on your first assessment, which will prepare you for your second assessment.
Assessment
Overview
There will be two (2) items of assessment for this unit. Criteria sheets will support your achievement of the learning outcomes in your assessment items.
1. Economic Model - This assessment connects theoretical concepts in this unit with a practical opportunity to produce a working economic model, using appropriate software.
2. Oral Pitch - This assessment will develop your skills in communicating technical information in a way that decision-makers can understand and use to inform investment in new healthcare interventions.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Economic Model
In your role as a health economist, you will be required to undertake economic modelling to inform health service executives. You will choose from a provided selection of economic models to analyse the cost-effectiveness of a novel healthcare intervention and produce real-world results in a format that informs healthcare investment decisions. Evidence and data to support the modelling process and enable your analysis will be provided.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Oral Pitch
You will take on the role of a health service manager and prepare an oral pitch to a health service executive outlining the findings from your economic evaluation related to a specified health service problem. You will need to make a clear argument outlining the benefit of undertaking such work and explain the process required to complete the evaluation. Finally, you will clearly communicate technical results for a decision-maker who is tasked with budget decisions.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
There is no prescribed text.
Resource Materials
Recommended text(s)
Gray A.M., Clarke, P.M., Wolstenholme, J.L. (2011). Applied Methods of Cost-effectiveness Analysis in Healthcare. Oxford University Press.
Drummond, M.F., Sculpher, M.J., Torrance, G.W., O'Brien, B.J., Stoddart, G.L. (2005). Methods for the Economic Evaluation of Health Care Programmes.(3PrdP ed.). Oxford University Press.
Briggs, A., Sculpher, M., Claxton, K. (2006). Decision Modelling for Health Economic Evaluation. Oxford University Press.
Risk Assessment Statement
There are no out of the ordinary risks with this unit, apart from those associated with this with substantial computer-based work. You should ensure that you take regular rest breaks when engaging in prolonged computer-based work.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
ACHSM Master Health Service Management Competency Framework 2022
A.a): Action - Communication
Relates to: Economic Model
Relates to: Economic Model
A.d): Action - Business Literacy - Financial and Resource Management
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model, Oral Pitch
A.g): Action - Digital Management
Relates to: Economic Model, Oral Pitch
E.a): Enabling - Health Leadership and Ethical Behaviour
Relates to: Economic Model
E.b): Enabling - Impact and Influence
Relates to: Economic Model, Oral Pitch
E.c): Enabling - Health Systems
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model
E.e): Enabling - Professionalism
Relates to: Economic Model
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PU77 Graduate Diploma in Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Oral Pitch - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Economic Model - Critically analyse research to inform ethical, evidence-based health management and policy decisions.
Relates to: Economic Model, Oral Pitch - Plan ways to communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable outcomes and sustainable performance in healthcare.
Relates to: Economic Model - Critically analyse the benefits and risks of contemporary and emerging health technologies.
Relates to: Oral Pitch
PU87 Master of Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Oral Pitch - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Economic Model - Critique and engage in research to inform ethical, evidence-based health management and policy decisions.
Relates to: Economic Model, Oral Pitch - Communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable and sustainable healthcare.
Relates to: Economic Model - Critically analyse and manage the implementation, benefits and risks of contemporary and emerging health technologies.
Relates to: Oral Pitch
Unit Outline: Semester 1 2025, Online
| Unit code: | PUN018 |
|---|---|
| Credit points: | 12 |
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
Overview
Globally, healthcare systems are facing increasing demand, yet increases to funding are slowing. In this situation, choices must be made about what services to fund, how they should be delivered and to whom they should be provided. Economic analyses can be applied to these questions; and the wider goal is to allocate scarce health care resources efficiently. The findings from economic analyses should be easy to interpret and should signal how funding might be optimally distributed. This unit is aimed at healthcare professionals and individuals in public, commercial and academic organisations interested in healthcare resource allocation and innovation. It will improve understanding of priority setting and expose participants to the methods of economic evaluation of healthcare interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Produce and interpret the results of economic models
- Analyse the value of economic evidence within frameworks for decision making
- Construct and evaluate economic models using appropriate software
- Apply the principles of priority setting in healthcare
- Communicate and translate technical results for healthcare decision makers
Content
This unit will cover the following:
- priority setting
- how to measure costs and health benefits
- economic modelling - what it is and why we do it, how to structure models, how to present the results, and how to capture uncertainty inherent in the data
- building and evaluating cost-effectiveness models using appropriate software
- how to interpret the results from these analyses
- translating technical results for pragmatic and sustainable decision making
Learning Approaches
In this unit, you will learn by engaging in the following:
- lectures
- guest speaker presentations
- tutorials
- workshops
- online readings and learning materials
- real world examples of economic analysis
It will be delivered through weekly lectures, tutorials and workshops to undertake practical, computer-based activities. Where possible, in-class preparation for assessment will take place. There is a focus on application of principles to real situations. To maximise learning outcomes you are strongly encouraged to attend all teaching offerings in person.
In order to maximise your learning experience in this unit, preparation in advance of teaching activities, and active participation, is expected of you. In addition to in-class learning, there will be opportunities for engaging with learning materials online, including recordings of teaching activities. You can engage with the online learning materials at your own pace.
Feedback on Learning and Assessment
Problem-based exercises and other learning activities during tutorials and workshops provide opportunities for formative feedback from teaching staff. Assessment items will build on each other to allow an incremental approach to learning. You will receive written feedback on your first assessment, which will prepare you for your second assessment.
Assessment
Overview
There will be two (2) items of assessment for this unit. Criteria sheets will support your achievement of the learning outcomes in your assessment items.
1. Economic Model - This assessment connects theoretical concepts in this unit with a practical opportunity to produce a working economic model, using appropriate software.
2. Oral Pitch - This assessment will develop your skills in communicating technical information in a way that decision-makers can understand and use to inform investment in new healthcare interventions.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Economic Model
In your role as a health economist, you will be required to undertake economic modelling to inform health service executives. You will choose from a provided selection of economic models to analyse the cost-effectiveness of a novel healthcare intervention and produce real-world results in a format that informs healthcare investment decisions. Evidence and data to support the modelling process and enable your analysis will be provided.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Oral Pitch
You will take on the role of a health service manager and prepare an oral pitch to a health service executive outlining the findings from your economic evaluation related to a specified health service problem. You will need to make a clear argument outlining the benefit of undertaking such work and explain the process required to complete the evaluation. Finally, you will clearly communicate technical results for a decision-maker who is tasked with budget decisions.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
There is no prescribed text.
Resource Materials
Recommended text(s)
Gray A.M., Clarke, P.M., Wolstenholme, J.L. (2011). Applied Methods of Cost-effectiveness Analysis in Healthcare. Oxford University Press.
Drummond, M.F., Sculpher, M.J., Torrance, G.W., O'Brien, B.J., Stoddart, G.L. (2005). Methods for the Economic Evaluation of Health Care Programmes.(3PrdP ed.). Oxford University Press.
Briggs, A., Sculpher, M., Claxton, K. (2006). Decision Modelling for Health Economic Evaluation. Oxford University Press.
Risk Assessment Statement
There are no out of the ordinary risks with this unit, apart from those associated with this with substantial computer-based work. You should ensure that you take regular rest breaks when engaging in prolonged computer-based work.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
ACHSM Master Health Service Management Competency Framework 2022
A.a): Action - Communication
Relates to: Economic Model
Relates to: Economic Model
A.d): Action - Business Literacy - Financial and Resource Management
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model, Oral Pitch
A.g): Action - Digital Management
Relates to: Economic Model, Oral Pitch
E.a): Enabling - Health Leadership and Ethical Behaviour
Relates to: Economic Model
E.b): Enabling - Impact and Influence
Relates to: Economic Model, Oral Pitch
E.c): Enabling - Health Systems
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model
E.e): Enabling - Professionalism
Relates to: Economic Model
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model, Oral Pitch
Relates to: Economic Model
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PU77 Graduate Diploma in Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Oral Pitch - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Economic Model - Critically analyse research to inform ethical, evidence-based health management and policy decisions.
Relates to: Economic Model, Oral Pitch - Plan ways to communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable outcomes and sustainable performance in healthcare.
Relates to: Economic Model - Critically analyse the benefits and risks of contemporary and emerging health technologies.
Relates to: Oral Pitch
PU87 Master of Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Oral Pitch - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Economic Model - Critique and engage in research to inform ethical, evidence-based health management and policy decisions.
Relates to: Economic Model, Oral Pitch - Communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable and sustainable healthcare.
Relates to: Economic Model - Critically analyse and manage the implementation, benefits and risks of contemporary and emerging health technologies.
Relates to: Oral Pitch