Not available in 2018/19
SA4D3      Half Unit
Behavioural Economics and the Valuation of Health Outcomes

This information is for the 2018/19 session.

Teacher responsible

Dr Adam Oliver OLD.2.35


This course is available on the CEMS Exchange, MBA Exchange and MSc in Global Health Policy. This course is available as an outside option to students on other programmes where regulations permit.

The course is of value to those wishing to work as health policy analysts or economists/behavioural economists after graduation, be that in academia, government, industry, or management and practice.

Course content

This course offers a thorough understanding of how economists tend to value health and explores some of the problems inherent in these valuations.  As such, the course offers teaching in many aspects of behavioural economics, with specific health-related application.


10 hours of lectures and 15 hours of seminars in the MT. 1 hour of lectures in the ST.

Formative coursework

Students will be given a progress test at the end of MT--this will be a 50 minute test in which they answer one essay question from a choice of three.  This is perfect practice for what the students might expect in the final exam.

Indicative reading

The following are background readings for the course:

J Broome, 'QALYS', Journal of Public Economics, 50, 1993, 149-67; G Torrance & D Feeny, 'Utilities and Quality-Adjusted Life Years', International Journal of Technology Assessment in Health Care, 5, 1989, 559-75; G Loomes & L McKenzie, 'The use of QALYS in Health Care Decision-Making', Social Science and Medicine, 28, 1989, 299-308.


Project (100%).

A ten-page project write-up, excluding abstract, referencing and appendices, formatted with 12 point Times New Roman with 1.5 spacing. The written output of the project is due in the first week of Lent Term.

Student performance results

(2014/15 - 2016/17 combined)

Classification % of students
Distinction 7.5
Merit 84.9
Pass 7.5
Fail 0

Key facts

Department: Social Policy

Total students 2017/18: 12

Average class size 2017/18: 11

Controlled access 2017/18: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Specialist skills

Course survey results

(2014/15 - 2016/17 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 100%



Reading list (Q2.1)


Materials (Q2.3)


Course satisfied (Q2.4)


Integration (Q2.6)


Contact (Q2.7)


Feedback (Q2.8)


Recommend (Q2.9)