313.643.01 HEALTH ECONOMICS I
Introduces the analytical tools of economics and applies them to issues in healthcare. Topics include: resource allocation in health care; government as payor and regulator; asymmetric information and the role of agency; the market for health insurance; market structure and competitive strategy as it applies to health care organizations; the market for labor in health care; and the market for innovations and technology. Uses mainstream neoclassical microeconomic theory as the basis for analysis, but also explores the implications when the assumptions of this model are violated. Uses a standard health economics text as the main reading, but uses journal articles in the field to examine how the profession is analyzing health care and public health issues.
Upon completion of this course, students will be able to (1) compare and contrast the demand for health and health care, (2) motivate the demand for protection from health care expenditures, (3) describe the economics of production of health services, (4) discuss the production and supply of medical personnel, (5) discuss the supply of the pharmaceutical products, (6) discuss the economics of public health externalities, (7) describe the role of government in remedying market failures in the health care sector, (8) discuss the economics of public health issues including obesity, food safety, injury prevention, and infectious disease.
Upon successfully completing this course, students will be able to:
Apply economic tools appropriately to analyze issues in health care and public health
Develop a critically constructive style of analysis of issues in health care organizations, delivery, and financing, as well as health policy
Integrate current literature on economic concepts, methods, and applications to issues in health care and public health
Apply lessons from class to real-life situations, in health care and public health
- Tuesday 3:30 - 4:50
- Thursday 3:30 - 4:50