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Pharmaceutical Economics

RUTGERS UNIVERSITY, THE STATE UNIVERSITY OF NEW JERSEY

Department of Economics –CCAS
Pharmaceutical Economics
Subject: 220, Course: 367, Section: 01
 

Professor Tetsuji Yamada
Office: ATG. #330, Tel: 856-225-6025
Department Office: ATG. 4th floor, Department of Economics, Tel: 856-225-6136
Class: Tuesday and Thursday (1:30pm-2:50pm)
Office hours: Tu. and Th. (12:20PM-1:20PM; 4:20PM–5:20PM or by appointment)

General Course Objective:
Upon completion of the course, each student will:
1.     Understand pharmaceutical economics and policy.
2.     Understand pharmaceutical sector.
3.     Examine demand for and supply of pharmaceuticals.
4.     Understand pharmaceutical market and its performance.
5.     Describe consumer behavior and pharmaceuticals.
6.     Understand role of pharmaceutical use by physicians and pharmacists.
7.     Describe pricing of drugs by pharmaceutical industry.
8.     Analyze pharmaceutical market and public policy issues.
9.     Examine industry’s performance and a public policy and health care system
10.   Learn research skill and presentation technique for conferences and meetings.

Textbook:
Stuart O. Schweitzer, Pharmaceutical Economics and Policy (2nd Edition)
Oxford University Press, 2007

 Supplementary Readings:
1.     Boutman, Townsend, and McGhan, Principles of Pharmacoeconomics (3rd Edition), Harvey Whitney Books Company, 2006

Content Outline:
 

Topics:

Chapters

1.

Overview of Pharmaceutical Economics

Intro.

2.

The Pharmaceutical Industry, Introduction to Pharmacoeconomics

1

3.

The biotechnology Industry Generic Drugs

2-3

4.

Marketing Pharmaceuticals

4

5.

Consumers, Cost-Benefit Analysis

5

6.

Pharmaceutical Prices, Cost Effectiveness Analysis, Cost-Utility Analysis

6

7.

The Worldwide market for Pharmaceuticals

7

8.

pricing Pharmaceuticals in a world Environment

7

9.

Decision Analysis and Pharmacoeconomic Evaluations

8

10.

The Timing of Drug Approvals

9

11.

Pharmaceutical Regulations

10-12

12

Patent Protection, Evaluating New Drugs

13-14

13

Alternative Medicines

15

14

Pharmaceutical and Health Policy

16


Course Requirement
:

1.   Ten examinations will be given; quizzes and homework are included. The examinations will be announced approximately one week in advance. Make-ups will not be given unless the instructor is consulted in advance and permission is given or unless extraordinary circumstances arise (as judged by the instructor) which prevent advance contact.

2.   I expect you to attend class regularly. It has been my experience that students who miss classes generally have great difficulty in learning the material. Class participation is directly factored into the final grade and it will also be considered in borderline cases.

3.   Timely completion of all assignments. I accept your assignments by hand. Do not submit your assignments by email.

Research study and Presentation
Students are required to research on pharmaceutical economic related field, i.e., industry with pricing, marketing, and R&D, industry with healthcare market, pharmaceutical industry with government regulations, cost analysis of pharmaceuticals, etc. Microsoft power-point presentation for case study is basic requirement.


Grading
50% – Examinations
25% – Attendance/Participation
25% – Presentation of Research Paper and Report


Note to Students
:
1. To obtain maximum benefit from the course you should do the assigned readings prior to the class and attend the lectures.

2. Specific questions and dates for quizzes, and homework will be given in conjunction with the topics.

3. Academic honesty shall be maintained in accordance with University policy.