The objectives of this module are to help students appreciate the impact of healthcare in economic activity; the functioning of the healthcare market and the health insurance market; the functioning of the pharmaceutical sector and the importance of innovation and the problems of incentives in both the supply and demand of healthcare and pharmaceutical products.
This module will provide the student with an understanding of the economics affecting drug development. The development of efficacious, safe, high quality, reliable drugs that meet a medical need must be the primary philosophy of regulatory science but it cannot be done without reference to health economics. The module will review the importance and impact of healthcare in the economic activity, the functioning of the health care market and the health insurance market, the functioning of the pharmaceutical sector and the importance of innovation and the problems of incentives in both the supply and demand of healthcare and pharmaceutical products.
Intended Module Learning Outcomes
Analyse the commercial and pharmaco-economic issues pertaining to drug development.
Compare the regulation of medicines in the various global markets with respect to pricing and reimbursement schemes.
Explore the main uses of health economics and discuss their application in the development of medicines.
Evaluate the methodology behind the statistical tools that different international reports utilise.
Analyse reimbursement schemes and synthesise information available to compare the different international reimbursement systems.