Developing applied skills in cost-effectiveness analysis

This three-day course will develop applied skills in cost-effectiveness analysis, each subsequent day will build on knowledge from the previous day.

Day one is a beginner’s guide to cost-effectiveness analysis and is offered as a stand-alone course. Days two and three cover building and evaluating cost-effectiveness models.

Who is this course designed for?

Policy makers, clinicians, researchers, managers, and others making or informing decisions. Academics and students will also benefit from this course.

Next Course Dates:

Facilitated by AusHSI Health Economists, our courses are held QUT Kelvin Grove Campus.

There are currently no dates scheduled for this course.  Please send your expression of interest to

Content overview

Course prerequisites: You must have previously completed the Day 1 course to attend Day 2, and Days 1 and 2 courses to attend Day 3. We expect attendees to have a good working knowledge of Microsoft Excel.

Day 1: A beginner’s guide to cost-effectiveness analysis

  • What is cost-effectiveness analysis and why do we do it
  • How to measure costs
  • How to measure health benefits
  • Interpreting the results and a review of a published paper

Day 2: Building cost-effectiveness models

  • Decision trees
  • State-based models
  • Choosing the data to include in models

Day 3: Evaluating cost-effectiveness models

  • Making decisions and uncertainty
  • Including uncertainty and exploring its impact on decision-making
  • Presenting the results
  • Postponing a decision and value of information analysis

This three-day course will develop applied skills in cost-effectiveness analysis, each subsequent day will build on knowledge from the previous day.

A note on Microsoft Excel – your course includes exercises to use the skills that you will be learning. Being familiar with Excel and having some basic skills will make the course more fun, and more useful, for you. Feedback from previous courses has led us to encourage everyone attending this course to brush up on their Excel skills.

Please take a look at the following video exercise and consider working through them – make sure you are comfortable with the ‘beginner’ exercises, and if you feel motivated by them take a look at intermediate and advanced:

Other resources you can look at are: Excel overview:

Using charts:

The main things you should be able to understand are:

  • Writing basic formulae
  • Cell references – the difference between relative and absolute cell references
  • Creating charts (specifically scatter plots) and adding to charts


Day 1

  • An excellent course. Great pace and mix of theory and practice.
  • Extremely interesting and beneficial. The materials were useful and the presentation of the information was clear and helpful. Having practical exercises throughout helped consolidate my understanding.
  • Fantastic workshop. Not often I walk away having learnt something and excited about what it could add to my research and teaching. Thank you.
  • Great class, good examples and analogies well worth my time! Wouldn’t change a thing.
  • Excellent course experience!

Days 2 & 3

  • Really well organised and great practical examples.
  • Really great course – very engaging intro to cost effectiveness for someone who came in with no prior knowledge (before day 1).
  • Some very useful thought process and excel skills to take to a clinical environment.