St. John s University. College of Pharmacy & Health Sciences. Department of Pharmacy Administration and Allied Health Sciences.

Transcription

1 St. John s University College of Pharmacy & Health Sciences Department of Pharmacy Administration and Allied Health Sciences Syllabus PAS 2201 Introduction to Pharmacoeconomics September 2014

2 I. Course Title: Introduction to Pharmacoeconomics II. Course Number: PAS 2201 III. Credits: 3 semester hours IV. Pre-requisites: None V. Required: VI. Course Description This course is designed to provide the student with the introductory concepts of pharmacoeconomics as it relates to patient care. Overview of economic principles, which may enhance the understanding of the theory underlying pharmacoeconomic analysis, will be integrated in this course. A special emphasis will also be placed on applying the economic evaluations and quality of life concept to improve the allocation of limited health care resources. VII. Course Credit: 3 semester hours Lecture Contact Supplementary* Hour Hours Assignments 1 st 15 hrs 30 hrs 2 nd 15 hrs 30 hrs 3 rd 0 hrs 60 hrs Total 150 hrs = 30 hrs 120 hrs VIII. Learning Objectives: General Objectives: Upon completion of the course, the student should be able to apply the basic economic and pharmacoeconomic principles to make therapeutic and resources allocation decisions. Behavioral Objectives: Upon completion of this course, the student should be able to: 1. Identify the economic challenges faced in the pharmacy profession. 2. Demonstrate an understanding of microeconomic and macroeconomic principles relevant to pharmacoeconomics analysis. 3. Examine the interaction of social, political and economical environment with health care delivery system.

3 4. Delineate the economic and humanistic therapeutic outcomes. 5. Determine the total resources consumed in a pharmaceutical intervention. 6. Demonstrate an understanding of the methodology in various types of pharmacoeconomic analysis and health related quality of life assessments. 7. Make decisions to select the cost-effective pharmaceutical interventions. IX. Units of Instruction: 1. Introduction to Economics a.) Scarcity and Opportunity Costs b.) Supply and Demand c.) Solving the Economic Problems Efficiency, Equity, Economic Stability, and Economic Growth 2. Microeconomics a.) Cost Concepts: Total, Average, and Marginal Costs, Opportunity Costs b.) Elasticity c.) Competition: Monopoly, oligopoly and antitrust, entry barrier d.) Market Failure and Government Regulations e.) Taxation f.) The Distribution of Income and Wealth 3. Macroeconomics a.) Monetary and Fiscal Policy b.) Money and Interest Rate c.) Government Budget Deficit d.) Unemployment and Inflation e.) Gross National Product and Health Care Spending 4. Introduction to Pharmacoeconomics a.) Reasons for Pharmacoeconomics Evaluations b.) Definition of Health Outcomes c.) Basic Types of Pharmacoeconomics Evaluation d.) Pharmacoeconomics Applications 5. Cost Determination and Analysis a.) Cost of Illness and Cost of Therapy b.) Cost Determination -Direct Cost, Indirect Cost, Intangible Cost

4 -Human Capital and willingness to pay approach c.) Adjusting for Time Difference and Discount Rate d.) Adjusting for uncertainty e.) Cost Minimization 6. Cost- Benefit Analysis a.) Assumption of CBA b.) Measuring Benefits c.) Steps in Conduction a CBA d.) Decision Rule e.) CBA Applications in Health Care Interventions 7. Cost-Effectiveness Analysis (CEA) a.) Comparison between CBA and CEA b.) Effectiveness Determination and Measurement c.) Principles of CEA d.) Incremental Analysis e.) Decision Tree f.) CEA Applications in Health care Interventions 8. Cost-Utility Analysis (CUA) a.) Concept of Utility b.) Methods for Assessing Utility c.) Quality Adjusted Life Years (QALY) d.) QALY Applications in Health care Interventions 9. Health-Related Quality of Life (HRQOL) a.) Definition of HRQOL b.) General Health Status Instruments c.) Disease-Specific Instrument d.) HRQOL Applications in Health care Interventions X. Recommended Text: Schiller, B.R. Essentials of Economics. 9 th Edition: Irwin-McGraw-Hill Register, Sharp & Crimes, Economics of Social Issues, 12 th Edition Bootman, Townsend, and McGhan, Principles of Pharmacoeconomics, Cincinnati: Harvey Whitney Books Company, 1996

5 XI. Method of Assessment: The course grade may be based on examinations, quizzes, and assignments.