26 August 2016
Applied Health Econometrics
This course provides a practical overview of the most common econometric techniques used in health economics and health policy. We begin by providing a foundation of basic statistics which allows us to highlight the ‘evaluation problem’. The remainder of the course focuses on the main approaches available to solve this problem and allow for causal inference: lab experiments, field experiments, natural experiments, linear regression techniques, instrumental variables, regression discontinuity design, propensity score matching, difference-in-differences design and panel data approaches. For each approach, we will discuss the basic intuition, underlying assumptions and relative advantages and disadvantages. We will critically discuss literature that uses each method. The course is ‘hands on’ so participants can expect to get practical experience with Stata using real world data and carefully interpret statistical output.
Dr Grace Lordan is a health economist at the LSE. She has published widely in the top journals of health economics, and is particularly interested in the careful interpretation of empirical results.
Participants should have some professional experience working in careers that involve health economics, health policy or management. Alternatively this course is also suitable for high level students who are studying in one of the above areas.
After successful completion of this course participants will:
Acquire a competency in econometrics as it is applied to health economics.
Have a working knowledge of Stata.
Be able to interpret statistical output and critically assess research design.
Be able to clearly distinguish between association and causality in an econometric framework and see the value of both.
Have the tools to distinguish between high quality and low quality research that use the introduced techniques
Students who wish to receive credit for their course will need to contact either their Study Abroad Office or the office in their university that deals with external credit. It is up to students' home institutions as to how much credit is awarded but the Methods Programme Office is happy to provide any necessary information to your registry or academic advisor, to help them evaluate the courses.
GBP 935: Student rate - available to current university students (including PhD students).
Academic staff and staff at UK charities are also eligible for a reduced rate of £1,320)
GBP 1660: Standard rate
Previous students of LSE may be eligible for a 15% discount on their tuition fees.