PEC715 - Pharmacoeconomics

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Last revision date 2018-02-28 16:43:55.871
Last review date 2018-03-01 08:55:57.582

Subject Title

Subject Description
This subject provides students with an introduction to the use of pharmacoeconomic evaluations in health care. The subject reviews issues and methods of assessing health care technologies and related programs. Techniques used in pharmacoeconomic evaluations are examined. The application of the assessment of health benefits relative to drug costs in the determination of clinical cost-effectiveness is studied. Procedures for reporting pharmacoeconomic data and critical appraisal of the pharmacoeconomic literature are also considered.

Credit Status
This is a credit toward the Ontario Graduate Certificate Program in Pharmaceutical Regulatory Affairs and Quality Operations offered through the School of Biological Sciences and Applied Chemistry and the Faculty of Continuing Education and Training.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Explain the reasons that pharmaceuticals are unique consumer products.

2. Interpret the basic economic problem associated with pharmaceutical development as one of choice since resources are scarce and consumer wants are virtually unlimited.

3. Describe the distinct responsibilities and roles of the provincial and federal governments with regard to the regulatory and resource allocation decisions for pharmaceuticals.

4. Define the need for pharmacoeconomic evaluations.

5. Describe the relevance of pharmacoeconomics to the pharmaceutical industry, third party payers, and to society.

6. Utilize the Canadian and Ontario pharmacoeconomic guidelines.

7. Discuss the applications and users of pharmacoeconomic evaluations.

8. Compare the three major economic evaluation techniques for healthcare programs: analysis of cost-effectiveness, cost-utility and cost-benefit.

9. Describe how to obtain clinical and humanistic outcomes data.

10. List data sources for costing of pharmaceutical products and health resources.

11. Differentiate between various outcome measurement approaches and their utility.

12. Critique pharmacoeconomic research reports.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

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Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.