Software used in pharmacoeconomic analysis MCQs With Answer
This blog provides a focused set of multiple-choice questions on software commonly used in pharmacoeconomic analysis, tailored for M.Pharm students. It covers decision-analytic tools (TreeAge Pro, Excel), statistical and simulation environments (R, SAS, Stata, Python), Bayesian engines (WinBUGS/OpenBUGS, JAGS), and Excel add-ins for Monte Carlo simulation (@RISK, Crystal Ball). Questions emphasize model building (decision trees, Markov/cohort/microsimulation), probabilistic sensitivity analysis, survival extrapolation, ICER/QALY computation, and software features that affect choice of tool in HTA submissions. Use these MCQs to deepen understanding of which software fits specific pharmacoeconomic tasks and to prepare for exams and practical modeling work.
Q1. Which software is specifically designed with a graphical interface for building decision trees and Markov models commonly used in pharmacoeconomic analyses?
- TreeAge Pro
- Microsoft Excel
- SPSS
- WinBUGS
Correct Answer: TreeAge Pro
Q2. Which R package is specifically developed to construct Markov models, perform deterministic and probabilistic analyses, and calculate cost-effectiveness outcomes?
- heemod
- BCEA
- dplyr
- ggplot2
Correct Answer: heemod
Q3. Which commercial Excel add-in is widely used for Monte Carlo simulation and probabilistic sensitivity analysis in health economic models?
- @RISK (Palisade)
- Crystal Ball (Oracle)
- Excel Solver
- TreeAge Pro
Correct Answer: @RISK (Palisade)
Q4. Which software provides a Bayesian MCMC engine commonly used to fit hierarchical models and probabilistic components within pharmacoeconomic models?
- WinBUGS / OpenBUGS
- Stata
- SAS
- SPSS
Correct Answer: WinBUGS / OpenBUGS
Q5. Which R package is dedicated to Bayesian cost-effectiveness analysis and produces CEACs, CE planes, and EVPIs?
- BCEA
- heemod
- dplyr
- ggplot2
Correct Answer: BCEA
Q6. For parametric survival modelling and extrapolation commonly required in long-term cost-effectiveness analyses, which tool and package combination is widely used?
- R (flexsurv package)
- Microsoft Excel
- SPSS (Cox module)
- TreeAge Pro
Correct Answer: R (flexsurv package)
Q7. Which software is preferred for large-scale data management, advanced econometric routines, and many regulatory submissions in the pharmaceutical industry?
- SAS
- Microsoft Excel
- TreeAge Pro
- @RISK
Correct Answer: SAS
Q8. Which open-source MCMC engine is an alternative to WinBUGS and integrates well with R for Bayesian hierarchical modeling?
- JAGS
- Stata
- SAS
- Crystal Ball
Correct Answer: JAGS
Q9. Which R package was developed to support individual-level simulation (microsimulation) and multi-state modelling tailored for health economic evaluation?
- hesim
- heemod
- msm
- simpy
Correct Answer: hesim
Q10. Which platform is most flexible and ubiquitous for deterministic cohort models and simple Markov models but requires add-ins or coding for robust PSA?
- Microsoft Excel
- R
- TreeAge Pro
- WinBUGS
Correct Answer: Microsoft Excel
Q11. Which software offers a user-friendly GUI for visually constructing and running decision trees without extensive programming knowledge?
- TreeAge Pro
- RStudio
- SAS Enterprise Guide
- JAGS
Correct Answer: TreeAge Pro
Q12. Which commercial discrete-event simulation package is commonly used to model patient flow and resource constraints in healthcare settings?
- Simul8
- TreeAge Pro
- SPSS
- R
Correct Answer: Simul8
Q13. Which pair of tools is commonly integrated so that MCMC models written in BUGS language can be executed from R for Bayesian pharmacoeconomic analyses?
- R + WinBUGS / OpenBUGS
- SAS + Crystal Ball
- Stata + @RISK
- Excel + TreeAge Pro
Correct Answer: R + WinBUGS / OpenBUGS
Q14. Which R package provides helper functions for cost-effectiveness analysis workflows, including deterministic and probabilistic sensitivity analyses and CEAC plotting?
- dampack
- ggplot2
- data.table
- lubridate
Correct Answer: dampack
Q15. Which package focuses on Bayesian cost-effectiveness analysis metrics, supports PSA outputs, and simplifies calculation of EVPI and CEACs in R?
- BCEA
- heemod
- hesim
- survival
Correct Answer: BCEA
Q16. Which geographic information system (GIS) software is specifically used for mapping healthcare costs, access and spatial epidemiology relevant to economic analyses?
- ArcGIS
- TreeAge Pro
- SPSS
- Crystal Ball
Correct Answer: ArcGIS
Q17. For fitting mixture-cure and flexible survival models needed for long-term extrapolation in pharmacoeconomics, which software environment is most appropriate?
- R (flexsurv and survival packages)
- Excel
- TreeAge Pro
- Crystal Ball
Correct Answer: R (flexsurv and survival packages)
Q18. Which commercial modeling software’s licensing, validation features, and regulatory acceptance often make it a common choice for industry submissions to HTA agencies?
- TreeAge Pro
- R
- JAGS
- Excel
Correct Answer: TreeAge Pro
Q19. Which R package explicitly supports probabilistic sensitivity analysis for Markov cohort and state-transition models through parameter distributions and PSA sampling?
- heemod
- ggplot2
- survival
- data.table
Correct Answer: heemod
Q20. Which open-source programming environment is widely recommended for reproducible, script-based pharmacoeconomic modelling, automation, and integration with version control?
- R
- Microsoft Excel
- TreeAge Pro
- Crystal Ball
Correct Answer: R

I am a Registered Pharmacist under the Pharmacy Act, 1948, and the founder of PharmacyFreak.com. I hold a Bachelor of Pharmacy degree from Rungta College of Pharmaceutical Science and Research. With a strong academic foundation and practical knowledge, I am committed to providing accurate, easy-to-understand content to support pharmacy students and professionals. My aim is to make complex pharmaceutical concepts accessible and useful for real-world application.
Mail- Sachin@pharmacyfreak.com

