Training and education

Training and education


MUCHE provides training in various aspects of health economics for professionals working within the health sector. This page outlines the various courses on offer, with links to further information and how to book.

COURSE NAME: Introduction to health economic evaluation

This course will introduce attendees to key concepts used in the economic evaluation of health care interventions and programs, and how this information can inform policy decisions.

Attendees will learn:

  1. Introduction: What is economic evaluation, why we do it and how is it used in policy. The importance of opportunity cost and choice of comparator. Differences in the types of economic evaluations that can be conducted, including strengths and weaknesses. What and who is involved in conducting economic evaluations.
  2. Measuring and valuing health outcomes: What types of health outcomes are often considered in economic evaluations and what is a quality adjusted life year (QALY). How to value health states and whose preferences should be used.
  3. Measuring and valuing resource use: The importance of perspectives, collecting resource use data and how to cost an intervention or program.
  4. Decision rules: Presenting, interpreting and using cost-effectiveness information to inform policy decisions, including the implications of uncertainty.
  5. Reviewing economic evaluations: Introducing the Consolidated Health Economic Evaluation Reporting Standards (CHEERS) statement.

The course will involve a series of short lectures with key concepts demonstrated using case studies and practical exercises.

Who should attend?

Policy makers, clinicians and other health care workers, managers and researchers from the public, private and academic sectors with little to no experience in economic evaluation.


Date and TimeTo be confirmed
DurationSingle day 
VenueMacquarie University City Campus, 123 Pitt Street, Sydney              
Cost$400.00 incl. GST

Course leaders

Dr Bonny Parkinson

A/Prof Liz Schroeder

Dr Mutsa Gumbie

Educational Tools

MUCHE hosts industry training courses to help healthcare professionals and teaches health economics to Masters of Public Health students in the Faculty of Medicine and Health Sciences.  As part of our teaching, we have developed some tools that may be of assistance to others.  Below you will find a teaching resource on calculating quality life-adjusted years.

This page will be updated from time to time as more resources become available.

Quality life-adjusted years.

One of our modules deals with measuring the quality of life-adjusted years, or QALYs.  A QALY is a generic measure of disease burden, including both the quality and the quantity of life lived. It is used in economic evaluation to assess the value for money of medical interventions. One QALY equates to one year in perfect health.

QALY exercise instructions

QALY exercise questions

QALY exercise spreadsheet


From time to time the Macquarie University Centre for the Health Economy (MUCHE) offers scholarships for suitably qualified individuals to undertake a PhD in health economics. PhDs are offered in health economics in the following strategic areas:

  • Integrated care
  • Mental health
  • Aged care
  • Disability
  • Medical technology
  • Models for funding and financing
  • Performance measurement
  • Choice and competition in healthcare

For current MUCHE scholarship opportunities click on the scholarships button in the right hand column of our home page

For general information and how to apply on Higher Degree Research scholarships

Back to the top of this page