Applied Economic Modelling for the Veterinary Sciences

Economic modelling underpins decision-making in the entire field of animal health economics, so a good understanding of the issues and tools involved is vital. The aim of this hands-on course is to enable you to become familiar with using the relevant tools so that you can become more actively involved in economic decision-making, particularly with regard to disease control.

Dr. ir. W. (Wilma) Steeneveld
Assistant Professor on Veterinary Economics, Utrecht University
  • 6 weeks - 14 hrs / wk
  • Academic Certificate
  • 3.0 EC
  • Online
  • English
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Inschrijving sluit op 04/11/2024 137 dagen tot einde inschrijving
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Course description

Learning objectives

By the end of the course, you should be able to:

• Analyze economic problems using basic methods such as partial budgeting, cost-benefit analysis and decision analysis
• Detail the critical steps in system analysis and choose appropriate modeling types and techniques
• Describe the use of more advanced methodologies such as linear programming, Markov chains and Monte Carlo simulations
• Describe the uses of social cost-benefit analysis and multi-criteria analysis
• Discuss the importance of animal health economics in decision-making, implementation and evaluation of animal health programs, and in policy development and implementation processes


To successfully complete this course, you need to participate actively in the discussion forums and complete the learning unit assignments, including:

• A proposal for a decision problem related to animal health.


To enrol to this course, you need:

• A BSc or MSc, or a similar level of academic ability
• A basic understanding of veterinary epidemiology, statistical and mathematical applications*.
• Basic MS Excel skills
• Sufficient proficiency in English reading and writing

You require some understanding of economics (at least in broad terms) from your previous education or professional experience. Terminology such as fixed and variable costs, supply and demand, depreciation and interest should be familiar.

You can gain the knowledge required for this course by following the course Economic Principles and Concepts in the Veterinary Sciences

Basic economic and microeconomic information is also available via and other internet sources, such as the following:


You will need to be able to do some basic calculations with the MS Excel functions.

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