Health economics is the application of economic theory, models and empirical techniques to the analysis of decision making by people, health care providers and governments with respect to health and health care.
It is solidly based in economic theory but it also comprises a body of theory developed specifically to understand the behaviour of patients, doctors and hospitals, and analytical techniques developed to facilitate resource allocation decisions in health care.
Researchers across UCL conduct a wide range of health economics research, and have particular expertise in:
- economic evaluations within clinical trials
- economic evaluation using decision analytic modelling and discrete event simulation
- econometric methods for health research
- policy design and evaluation
- health insurance and health care financing
- resource allocation
- early childhood interventions
- measurement of health and health care inequalities.
Research is undertaken across a range of disease areas and in the UK and globally.
Event - Health Economics at UCL
A half-day event was run by the Domain on Friday 18 November 2016
The event was open to researchers from all faculties across UCL who work on health economics in a wide variety of areas, including psychiatry, statistical science, global health, applied health research and clinical trials and methodology.
The event aimed to bring this diverse range of researchers together in order to network, share expertise across UCL and encourage new research collaborations such as new grant applications and joint publications.
Download the PowerPoint presentations:
- Dr Elena Pizzo, UCL Department of Applied Health Research
- Dr Gianluca Baio, UCL Department of Statistical Science
- Dr Marcos Vera Hernandez, UCL Department of Economics
- Dr Jolene Skordis-Worrall, UCL Institute for Global Health
- Torsten Chandler, UCL Institute of Clinical Trials and Methodology
- Professor Chris Gerry, UCL School of Slavonic and East European Studies
- Rachael Hunter, UCL Research Department of Primary Care and Population Health
- Dr Anna Gola, UCL Department of Psychiatry
Examples of Health Economics research and collaborations at UCL
Education and events
Study Health Economics at UCL
- Masters in Health Economics and Decision Science - starting September 2017. This Masters degree spans the disciplines of economics, statistics and epidemiology, training students in applied issues, while providing the theoretical foundations expected of an outstanding UCL postgraduate degree. Students can select between decision science and an economics stream, with materials relevant for both higher income countries, and global health. Students will be required to take 8 modules and to complete a substantive piece of research as a dissertation or project. Strong links to industry and a severe shortage of skills in this area will ensure that graduates of this programme are highly employable.
- New module in 2016/17 in the MSc Statistics on "Bayesian methods in health economics" (STAT3021/M021/G021)
- Module in BSc Population Health on Health Economics
- Short course in Bayesian Methods in Health Economics. Held annually in November, alternately at UCL and MRC Biostatistics Unit, Cambridge
- Economic evaluation in healthcare
Research Groups and Networks
- Economics of Global Health and Development Group
- Statistics for Health Economic Evaluation Group, within the UCL Department of Statistical Science
- Valuing Health Research Network
- Health Economists Study Group
Example of Collaborative Research Projects
- Innovations in major system reconfiguration in England: a study of the effectiveness, acceptability and processes of implementation of different models of stroke care
- Reorganising specialist cancer surgery for the 21st century: a mixed methods evaluation (RESPECT-21)
- Effects of Reproductive Health on Poverty in Malawi
Selection of Papers and Journal Articles
- Effectiveness Analysis: A Review with Future Recommendations
- Regulatory approval of pharmaceuticals without a randomised controlled study: analysis of EMA and FDA approvals 19992014
- Estimating the expected value of partial perfect information in health economic evaluations using Integrated Nested Laplace Approximation
- Effect of a large-scale social franchising and telemedicine program on childhood diarrhea and pneumonia outcomes in India (selected as one of the 2016 Editor's Picks in the journal Health Affairs)
- An educational review of the statistical issues in analysing utility data for cost-utility analysis
- Cost-effectiveness and affordability of community mobilisation through women's groups and quality improvement in health facilities (MaiKhanda trial) in Malawi
- Integrating a Parenting Intervention With Routine Primary Health Care: A Cluster Randomized Trial
- Pre- and postnatal arsenic exposure and child development at 18 months of age: a cohort study in rural Bangladesh
- Early childhood stimulation benefits adult competence and reduces violent behavior
- Food for Thought? Breastfeeding and Child Development
This is not an exhaustive list so please contact Sarah Welsher if you are a health economist involved in cross-disciplinary working that you think should be included.
Below is the link to a list of researchers who are currently working in the field of health economics research at UCL. Follow the link to find their contact details and more information about their work.
To appear on this list, add the Health Economics Research Group to your IRIS profile.
" "Health economics is solidly based in economic theory but it also comprises a body of theory developed specifically to understand the behaviour of patients, doctors and hospitals, and analytical techniques developed to facilitate resource allocation decisions in health care."