Your Money or your life?: Introduction to Global Pharmacoeconomics

What it is about

You will learn the economic foundations and decision processes of drug development – from early research to the period after patent expiration. In the end you will be able to apply fundamental methods of pharmaco-economics and you will understand how prices, availability and health policy influence the supply of medicines.

What you will be able to do

• Unmet need, demand, substitutes and competition in the pharmaceutical market
• Decision processes in drug development and the role of pharmaco-economics
• Principles of economic evaluation in health care and for pharmaceuticals
• Types of economic analyses and use cases
• Methods: cost-effectiveness, cost-benefit, cost-utility and budget impact analysis
• Further decision factors in health care
• Connection between policy and economics of drug development
• Impacts of pharmaco-economics principles on available products and prices
• Future challenges in the supply of medicines and health services

What the module consists of

• Vorlesung/Seminarweekly sessions with active participation; presentation of material development based on a hypothetical drug across its entire market lifecycle
• ProjektarbeitStudents choose a case example that is developed over the semester and serves as the basis for assessment

Teaching method

• Vorlesung/Seminar mit aktiver Teilnahmeenables the step-by-step illustration of economic questions along the development of a hypothetical medicine
• Praktisches Projektpractical exercises in pharmaco-economic analyses based on a case example