HSH767 - Economic Modelling


2024 unit information

Enrolment modes:

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

Credit point(s): 1
EFTSL value: 0.125


Corequisite: Nil
Incompatible with: Nil
Study commitment

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

This will include educator guided online learning activities within the unit site.

Scheduled learning activities - online

See in-person attendance requirements below.

In-person attendance requirements

Taught in intensive mode over 4 days: 2024 dates to be advised


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

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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