Postgraduate

ONC8021 : Health Economics (E-learning) (Inactive)

Semesters
Semester 1 Credit Value: 10
ECTS Credits: 5.0

Aims

The aims of this module are:

To introduce students to economic principles and tools which can be applied to healthcare with a focus on oncology and palliative care'.

Outline Of Syllabus

The module will start with an introduction to economic thinking and define key terms such as scarcity, opportunity cost, and priority setting that will be needed for subsequent topics. Followed by topics related to the economics of health care markets such as demand and supply of medicines, market failure, and equity. The second half of the module will focus on economic evaluation. Economic evaluation will be defined and there will be discussion on why it is important. The different types of economic evaluation: cost-minimisation analysis, cost-effective analysis, cost-utility analysis, cost-consequence analysis and cost-benefit analysis will be covered.

Teaching Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion210:0020:00Independent assessment preparation
Guided Independent StudyDirected research and reading124:0048:00Online content
Guided Independent StudyReflective learning activity81:008:00eJournal
Guided Independent StudyStudent-led group activity12:002:00Wiki
Guided Independent StudyIndependent study121:0012:00Supplemental reading
Guided Independent StudyOnline Discussion101:0010:00Via discussion board
Total100:00
Teaching Rationale And Relationship

Each week of the module will cover a different topic area. Each topic area will have one or two key study documents to read. After reading each document, there will be a set of questions for the student to consider. Thoughts and comments regarding these questions should be posted on the discussion board on blackboard (used for online discussion) to foster dialogue between students and to help with the consolidation of knowledge and understanding of the learning outcomes. For one activity a wiki will be used.

Assessment Methods

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Portfolio1M10Participation in collaborative e-learning activities throughout the module.
Computer assessment1M20Timed MCQs (10 questions, 20 minutes)
Written exercise1M70Short answer questions and short essay (total max 1500 words)
Formative Assessments
Description Semester When Set Comment
Written exercise1MN/A
Written exercise1MN/A
Assessment Rationale And Relationship

The assessment is intended to cover the breadth of the course and takes the form of a written exercise, including a short essay and short answer questions, and a multiple choice test. The rationale for this form of assessment is to assess understanding of key economic concepts such as opportunity cost, discounting and methodological approaches such as cost-effective analysis. The written questions allow students to demonstrate their applied knowledge of health economics and demonstrate critical thinking skills as well as applying economic principles to current practice.

There will be two formative assessment exercises on the economics of the health care market and on applying the principles of economic evaluation to test student understanding and provide preparation for the formal assessment. These formative assessments will be group work activities if the student numbers are sufficient. For the first formative assessment it is expected that students will find an article in the popular press that demonstrates a market failure. The students then need to discuss potential ways to alleviate this market failure demonstrating an understanding of economic principles and critical thinking. For the second formative assessment students will be applying the principles of economic evaluation to a sample scenario of different screening options for colorectal cancer. The students will need to demonstrate their ability to calculate ICERs and plot them on a cost-effective plane as well as identify the most cost-effective screening option. Responses to the formative assessment exercise should be posted on each individual student’s journal and all students will receive personalised feedback on their answers to help them prepare for the assignment.

A participation grade is included to encourage and reward the student's engagement with the
collaborative activities. The collaborative activities including posting on the discussion board and a wiki give the students an opportunity to discuss economic principles in practice and consolidate their learning.

Should a student fail the participation assessment and have to undertake a re-sit they will have to
complete a different form of assessment. The student will be asked to look at 2 participation
activities as identified by the module leader/team and submit a 500 word written summary (approx. 250 words per activity).

Reading Lists

Timetable