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Unit information: Health Economics in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Health Economics
Unit code EFIMM0038
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Stephanie von Hinke
Open unit status Not open

ECONM1010 Microeconomics;

ECONM1022 Econometrics.



School/department School of Economics
Faculty Faculty of Social Sciences and Law


This unit aims to provide comprehensive training in using economic analyses to explore different aspects of the economics of health and health care. The unit will cover topics such as the demand for health, the developmental origins hypothesis in economics, the economics of obesity and risky health behaviours, performance indicators, and cost-benefit and cost-effectiveness analysis. The unit will also discuss interactions between health on the one hand and labour and education on the other. In addition, the course will cover and analyse the recent empirical evidence on such topics. On completing the module, students will be able to understand the main economic theories and empirical applications in the area, as well as evaluate existing and new health policies and interventions within a formal economic framework.

Intended learning outcomes

This unit provides a thorough and in-depth treatment of different theories and concepts in the economics of health and health care. It ensures that students obtain a rigorous understanding of the main economic theories in the area, allowing them to evaluate health policies and interventions within a formal economic framework. This will enable them to critically evaluate journal articles and start discussing their own independent research projects.

Teaching details

There will be lectures and exercise classes. Lectures will introduce and explain the different theories and concepts, and evaluate their applications. Exercise classes will provide the opportunity to consolidate the material and discuss and apply the concepts for different applications. Formative coursework will consist of weekly exercises.

  • 16 hours lectures
  • 8 hours exercise classes
  • 2.5 hours final exam
  • 123.5 hours individual study

Assessment Details

Summative assessment: 2.5 hour written closed-book exam. The exam will test students’ knowledge and understanding of the different topics, evaluating their understanding of theory, empirical and estimation issues.

Formative assessment: Class participation and discussion in tutorials. These will provide further opportunities for feedback on students’ progress.

Reading and References

  • A. Jones. The Elgar Companion to Health Economics, Second Edition, EE
  • S. Folland, A. Goodman, M. Stano. The Economics of Health and Health Care. Pearson
  • M. Drummond, et al. Methods for the Economic Evaluation of Health Care Programmes. OUP
  • S. Glied, P. Smith. The Oxford Handbook of Health Economics. OUP
  • P. Zweifel, F. Breyer, M. Kifmann. Health Economics, Springer