Advanced Cost-Effectiveness Analysis – Markov Modelling on 5th August 2026 (8.30am – 5.00pm EAT)

Advanced Cost-Effectiveness Analysis – Markov Modelling on 5th August 2026 (8.30am – 5.00pm EAT)

This upcoming one-day hybrid training, organized by the African Health Economics and Systems Group (AfHESG), introduces participants to Markov modelling, one of the most widely used approaches for conducting cost-effectiveness analyses in healthcare.

The training combines theory with a practical modelling exercise to help participants understand how Markov models are developed and applied. These models are widely used in immunization economics to estimate the long-term costs and health outcomes of vaccination programmes. Participants who complete the course will receive a certificate of participation.

Key topics covered

• Introduction to Markov models and their role in economic evaluation.
• Designing Markov models, including defining health states and transitions.
• Estimating costs, health outcomes and incremental cost-effectiveness ratios (ICERs).
• Good modelling practice, including reporting guidelines, model validation and approaches for handling uncertainty through sensitivity analyses.
• Practical application of Markov modelling through a hands-on exercise.

Thumbnail image credit: KWTRP