Objectives of this course are mainly to prepare students with a good understanding on the empirical foundation of Pharmaeconomics. This course will provide students with advanced knowledge of Business management, Accounting and Economics basic terminologies. In successful completion of this course, all students will develop their knowledge and understanding on: cost minimization, cost benefit, cost effectiveness and cost utility analysis of pharmaceutical products in medical field. Legal and regulatory issues in management of a pharmacy, legislation, responsibilities of pharmacist, necessary legal documents for a pharmacy are also covered. Also, principals of cost-effectiveness analysis; measuring costs, inflation, and time preference; measuring quality-adjusted life years (QALYs); analysis of costs, QALYs, and cost-effectiveness; design of economic evaluations in clinical trials.