# Course n°5 - Measurement and analysis of cost-effectiveness data (COST)

## June 4^{th} – June 5^{th}, 2019

Fundamentals of cost measurement, the concept of utility and the methods to estimate it are covered by this course. Participants learn how to calculate and interpret an incremental cost-effectiveness ratio. The notion of incremental net benefit, and the methods (parametric and non-parametric) to estimate the cost-effectiveness probability will be introduced. The limits of a cost-effectiveness probability and the importance of value of information analyses to interpret cost-effectiveness results and inform decision-making will also be presented.

Upon completion of the course, participants learn how to: measure and interpret a cost; measure and interpret a QALY; estimate and interpret an incremental cost-effectiveness ratio; estimate and interpret an incremental net benefit and a cost-effectiveness probability; and conduct a value of information analysis and interpret its results.