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Health economics 1

Module leads

Alastair Gray Alastair Gray

 Mara Violato

Learning objectives:

  • To understand fundamental concepts and principles of economics relevant to health and health care

  • To understand the interaction between health and economic development
  • To use economics to analyse health care systems
  • To become familiar with the methods and application of economic appraisal in health care


  1. Economics and health economics: concepts and methods, health and the national economy; expenditure trends.
  2. Comparative health systems: health care funding and provision in low and high income settings.
  3. Health and economic development
  4. Microeconomic tools for health economics analysis: part 1
  5. Microeconomic tools for health economics analysis: part 2
  6. Market failure in health care: evidence and consequences for regulation and provision
  7. Equity and equality in health care financing, access and health outcomes
  8. Principles of priority setting of Economic Appraisal
  9. Measuring and valuing health
  10. Defining and measuring costs
  11. Decision analytic modelling and extrapolation for economic evaluation
  12. Cost-effectiveness and decision-making in practice