Available in 2022
Course code



10 units


6000 level

Course handbook


The study of economics introduces a unique perspective on healthcare service and system evaluation. Resources are finite for the range of a society's healthcare needs and wants. As a result, choices must be made about how available resources will be best used. This course will introduce participants to economic evaluation principles and their application to real life scenarios in healthcare.

The course is designed as an introduction to applied economic evaluation in healthcare. Students will gain knowledge of core economic principles before learning the necessary steps leading up to the conduct of an economic evaluation. The course provides students with the opportunity to apply practical experience in a range of economic evaluations used in front line healthcare. Students will gain an understanding of how economic evaluation can, and is used to inform health care decision-making.


Newcastle City Precinct

  • Trimester 2 - 2022


  • Trimester 2 - 2022

Learning outcomes

On successful completion of the course students will be able to:

1. Explain the complexity of decision-making in healthcare and the role of economic evaluation in informing decisions and policy design.

2. Critically appraise a randomised controlled trial and a health economic evaluation and be familiar with a range of priority setting techniques

3. Synthesise evidence to develop and strengthen an economic evaluation.

4. Understand the principles and perform steps of cost-effectiveness, cost-utility and cost-benefit analysis

5. Use economic data to construct a Budget Impact Statement

6. Understand and use preference elicitation measures for a value-based approach to economic evaluation


The content in this course comprises the following five topics:

1.    An introduction to economic evaluation principles and their application to health care decision making.

2.    Costs and consequences.

3.    The process and steps of performing a health economic evaluation

4.    Using economic evaluation for decision making

5.    Value based health economics and decision making

Assessment items

Case Study / Problem Based Learning: Problem-Based Learning Assignment

Report: Report Critique

Written Assignment: Evaluation Design

Contact hours

Newcastle City Precinct and Online

Online Activity

Online 36 hour(s) per Term Full Term starting in week 1

online equivalent of 36 hrs face to face


Face to Face On Campus 36 hour(s) per Term Full Term starting in week 1

Face to face 36 hours per term or online equivalent.

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.