This session will cover some of the introductory principles of health economics. We will look at measuring benefits and costs, and how these are combined to model and compare treatments and interventions. We will also discuss some of the many challenges and trade-offs for decision makers such as evidence gaps, inequalities, fair-allocation and sustainability.

• An understanding of health economic principles
• What the NICE threshold represents and what we mean by opportunity cost in health care
• Wider consideration of health economic factors that can influence decision making