HSH767 - Economic Modelling


2022 unit information

Enrolment modes:

Trimester 3: Cloud (online) in Intensive mode over 4 days in February at Burwood (Melbourne)

Credit point(s): 1
EFTSL value: 0.125




Incompatible with:


Study commitment

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - cloud (online)

See in-person attendance requirements below. 

In-person attendance requirements

Taught in intensive mode over 4 days:

  • Tuesday 25 January 2022
  • Friday 28 January 2022
  • Monday 31 January 2022
  • Thursday 3 February 2022


This unit introduces students to the application of decision analysis and modelling techniques for the purposes of conducting an economic evaluation of a health care intervention. Students are progressed through a series of practical exercises in modelling to enable them to gain some practical experience in performing cost-effectiveness analysis that assesses the value of a health care intervention. The following topics will be covered:

  1. Fundamentals of decision analysis
  2. Conceptual frameworks to determine an appropriate structure for a model
  3. Fundamentals of decision trees
  4. Fundamentals of Markov models
  5. Analysis of models using microsimulation
  6. Evaluation of companion diagnostics
  7. Sensitivity analysis
  8. Assessment of the value of additional information
  9. Reporting an economic evaluation

Throughout this course, TreeAge Pro software is used to create and analyse decision models. Students can expect to develop a basic proficiency in the use of this software during the course.

Unit Fee Information

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