PHCY5613 Management and Economics in Pharmacy

6 points
(see Timetable)
Non-standard teaching periodUWA (Perth)Multi-mode
This unit provides an overview of pharmacy management issues that are relevant to day-to-day pharmacy business operations.

Students are introduced to the structure and function of the Australian health system, including specific pharmacy models and the financial environment in which pharmacy operates. Basic principles of pharmacy business management in community and hospital environments are covered, as well as health economic concepts including resource allocation, methods of economic evaluation, and hospital pharmacy economics, allowing students to engage with business planning. Professional, ethical and legal obligations for pharmacists are explained, with a focus on management.
Students are able to (1) describe the Australian health system and the role for pharmacy within it; (2) explain the economic environment in which community pharmacy and hospital pharmacy operates; (3) understand policy initiatives in relation to the pharmaceutical sector and the influence of such initiatives on pharmacy business and practice; (4) describe human and financial resources and skills required for successful community pharmacy management; (5) discuss the basic concepts of economic theory; (6) compare methods of economic evaluation to determine the costs and outcomes of drug treatments and services; (7) demonstrate an understanding of the pharmacoeconomic basis for listing drugs and technologies on the Pharmaceutical Benefits Scheme, including the role of the Pharmaceutical Benefits Advisory Committee; (8) demonstrate a basic understanding of legal issues in pharmacy management; and (9) demonstrate an appreciation of ethical issues in pharmacy from a range of perspectives.
Indicative assessments in this unit are as follows: (1) development of a business case; (2) participation in an ethics debate on a management issue; and (3) final written assessment. Further information is available in the unit outline.

Supplementary assessment is available in this unit for any student who has obtained a final overall mark of 45-49% and for whom this is the last unit a student would need to pass in order to graduate from the Master of Pharmacy Course.
Unit Coordinator(s)
Dr Sandra Salter
Unit rules
Enrolment in the Master of Pharmacy
Contact hours
Lectures: 6 hours per week for 4 weeks
Tutorials: 2 hours per week for 4 weeks

Kayne, S. B., ed. Pharmacy Business Management: Pharmaceutical Press 2005

Palmer, G. and Ho, M. T. Health Economics: a Critical and Global Analysis: Palgrave McMillan 2007

  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.