Basic concepts of pharmacovigilance and pharmacoeconomics will be discussed. This will provide an overview of economic analyses used in healthcare decision making, an evaluation of population health, and the outcomes of healthcare interventions or technologies. Students will learn to critically evaluate the pharmacoeconomic (PEC) /health outcomes literature. Systematic review of methods for detection, assessment and prevention of adverse reactions to drugs will be evaluated. Approaches to rational and safe use of medical drugs will be explored. This course will prepare the student to assess and communicate the risks and benefits of marketed drugs. This course will provide an opportunity for the student to learn about development of pharmacovigilance as a science, basic terminologies used in pharmacovigilance, and the global scenario of pharmacovigilance. This course will train students on establishing a pharmacovigilance program in an organization, and examine various methods that can be used to generate safety data and signal detection. This course also develops the skills of classifying drugs, diseases and adverse drug reactions.