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Cost Effectiveness Modelling for Health Technology Assessment

April 22 @ 9:00 am April 26 @ 4:00 pm BST

This 5-day course will provide an introduction to decision analytic cost-effectiveness modelling, giving the theoretical and practical knowledge required to design and implement analyses that meet the methodological standards of Health Technology Assessment (HTA) organisations. The programme guides you through building a decision tree and Markov model and, importantly, shows how the results of cost-effectiveness analyses are interpreted.

Learning Objectives:

  • Understand the concepts and rationale of HTA and types of economic evaluation
  • Understand when you would use a decision tree model and how they work
  • Understand when you would use a Markov model, how they work and how to use them to inform decision making
  • Appreciate the importance of uncertainty in economic evaluations and how this can be assessed
  • Be able to generate a probabilistic Markov model in Excel and produce and interpret outputs
  • Understand the concept of value of information and calculate this from probabilistic model results
  • Learn about key developments and debates in HTA including precision medicine, real-world evidence and the willingness to pay threshold


A Draft programme can be viewed from the course website


Who should attend?

This course is aimed at students, researchers, health care professionals and commissioners and those working in industry or a policy context who have an interest in economic evaluation in health. No previous experience or knowledge in this area is assumed but the course does require quantitative skills and some experience using MS Excel.



  • Student Rate = £340
  • NHS/Academic Rate = £680
  • Industry Rate = £1020

There is a cancellation date of 22 March 2024. You will still be charged if you cancel after this date.


Edinburgh Clinical Research Facility
0131 537 3355
View Organiser Website

Edinburgh Clinical Research Facility

Wellcome Trust Clinical Research Facility, North Corridor, Western General Hospital, Crewe Road South
Edinburgh, EH4 2XU
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0131 537 2591
View Venue Website

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