Institute for Global Health


Economic evaluation in healthcare

This course introduces the rationale, principles and methods for economic evaluation in health care. It focuses on the main practical and theoretical issues related to economic evaluation including cost-effectiveness, cost-utility and cost benefit analyses.

Aided by short videos and online tutors, students work through a series of practical exercises that teach them how to conduct cost effectiveness analyses. Students will also gain the skills and knowledge needed to critically understand the different methods of economic evaluation in health care, their theoretical foundations, and the implications for research and policy. 

Module Code: CIHDG041

UCL Credits: 15

Module Organisers: Dr Jolene Skordis-Worrall & Dr Hassan Haghparast-Bidgoli 

Please direct queries to the course administration team in the first instance igh.adminpg@ucl.ac.uk

Who can study this course?

UCL IGH MSc/PG Dip students, other UCL MSc/PG Dip students, TropEd students, and Taster course students.

Admission Requirements

MSc and PG Dip students: Open to all UCL MSc/PG Dip Global Health and Development, and to any UCL MSc/PG Dip students.

tropEd students: evidence that you are registered as a tropEd student, successful completion of core course.

Taster students: UK Bachelor’s degree in a relevant/allied subject awarded with a 1st or upper 2nd class Honours or an equivalent qualification.  Two academic or professional reference letters.

Short course students: Professional work experience in a relevant area and/or UK Bachelor’s degree in a relevant/allied subject awarded with a 1st or 2nd class Honours or an equivalent qualification.

In addition to the above, all students must demonstrate a GOOD standard of English Proficiency with 6.5 in each of the subtests.

Course length 3 weeks 
Course dates

7 - 25 January 2019

Optional face-to-face sessions scheduled on 7 and 18 January 2019 10:00 - 11:30 for module introduction and assessment Q&A. 

Days and times

The course will be delivered online.  This is a full time intensive course over 3 weeks.

Assessment to be submitted on 28 January 2019 09:00am.



  • Introduction to different types of economic evaluation, with an overview of their strengths and limitations
  • Theoretical foundations of economic evaluation in health care
  • Measuring costs in health care: issues and current debates
  • Measuring benefits of health care interventions
  • Discounting and sensitivity analysis in economic evaluations of health care
  • Equity issues in economic evaluation of health care
  • Using Economic Evaluation to inform research and policy

Teaching and learning methods

This course is a self-directed interactive online course, delivered through a combination of online video-lectures (lecture-casts and screen-casts), individual practical exercises, online discussion forums and private reading, over three weeks.


Portfolio (Max 3,000 words) 100%

The portfolio is a single document submission, evidencing the students’ individual responses to the practical exercises throughout the course and their reflections on each practical exercise.

Assessment Date

09:00am 29 January 2017


Selected Reading List

Drummond, M. F.; O’Brien, B.; Stoddart, G.L. and Torrance, G.W. (2005) (3rd edition). Methods for economic evaluation of health care programmes. Oxford, Oxford University Press.

Drummond, M. F. and McGuire, A. (2001). Economic evaluation in health care: merging theory with practice. Oxford, Oxford University Press.

Gray, A.M., Clarke, P.M., Wolstenholme, J.L., Wordsworth, S. (2011). Applied Methods of Cost-effectiveness Analysis in Healthcare (Handbooks in Health Economic Evaluation). Oxford, Oxford University Press.