313.644.01 HEALTH ECONOMICS II
Building on the basic concepts and applications presented in Health Economics I, students in Health Economics II are exposed to some of the seminal topics in health economics, with a particular focus on the issues of human capital, economics of the household and the demand for healthy and risky behaviors. Topics include: the economic returns of education; economics of the household; the demand for health (Grossman Model); addiction; teen sex; obesity, the statistical value of a life, and fertility. While it will not be the focus of the class, some time will be spent on the dynamic modeling and econometric techniques that are used in the papers that we review. Teaching methods include lectures, group discussion and problem solving exercises, and hands on experiments.
After taking this course students will be able to: (1) understand how economic human capital theory can be applied to important public health topics; (2) read and summarize the findings of seminal papers from the economics of the household literature; and (3) critically assess economic and econometric methods used in recent applications of human capital theory and economics of the household in health economics.
Upon successfully completing this course, students will be able to:
predict behavior of individuals, firms, health care providers, and governments based on economic theory reflecting all changes in incentives that a new piece of information, new policy, treatment guideline, prevention recommendation, or reimbursement mechanism might create
propose methods (and discuss their limitations) of testing the hypotheses generated by predictions based on economic theory
write clearly about economics both for others versed in economics and for more general audiences
- Tuesday 6:00 - 9:00
313.643 Health Economics I