306198 (v.1) Economic Evaluation (Health) 503

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Area:	Centre for International Health
Contact Hours:	2.0
Credits:	25.0
Individual Study:	1 x 2 Hours Weekly
Prerequisite(s):	306192 (v.1) Health Economics 503 or any previous version
Welfare economics theory is introduced. Measuring health, quality, adjusted life years (QALYs), willingness to pay and the valuation of human life are analysed. Cost effectiveness analysis, cost utility analysis and cost benefit analysis are examined. Distributional concerns in using these techniques are addressed. Examples of economic evaluation in practice are presented.