HMM4301 – Optimal allocation of health care resources and economic evaluation of health care technologies

Schedule, syllabus and examination date

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Course content

This course will include the following elements:
• Theoretical foundations for finding an optimal allocation of resources and applications related to the prioritization of health care resources.
• Types of economic evaluations and their relations: cost-effectiveness analysis (CEA), cost-utility analysis (CUA, and cost-benefit analysis (CBA).
• Opportunity cost in theory and practice
• Valuing health outcomes in non-monetary and monetary units
• Modelling future costs and outcomes, sensitivity analyses
• Efficiency vs equality

Learning outcome

The aims of this course are to: Give the students a basic understanding of the normative issues involved in prioritizing health care resources, as well as an understanding of the theoretical foundation of economic evaluation. Students should get a basic knowledge of the methods at hand for evaluation of diagnostic and therapeutic technologies within health care. The course should provide the necessary tools for understanding the literature in the field, and to carry out a simple economic evaluation. Students should understand the relevance of these methodologies for health policy and planning.


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Formal prerequisite knowledge


Recommended previous knowledge

Knowledge of modern Microeconomics

For instance the introductionary parts of HME4308 Health Economics and Market Failure can be helpful.


Lectures and seminars with mandatory term paper. There will also be critical assessment of published analyses and computer exercises to illustrate relevant software.


Term paper and written exam. The term paper counts 1/3 of the final grade, and the written exam counts 2/3 of the final grade.

Examination support material

Calculator (only the calculator Citizen SR-270X is allowed)

Language of examination

All written exams and term papers at the master's programme in Health Economics, Policy and Management have to be conducted in English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

Resit an examination

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Facts about this course






Every spring


Every spring

Teaching language