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Introduction to Health Economics

3rd term
Health Policy and Management
3 credits
Academic Year:
2021 - 2022
Instruction Method:
Auditors Allowed:
Grading Restriction:
Letter Grade or Pass/Fail
Course Instructor:
  • Douglas Hough
Douglas Hough

Introduction to Online Learning is required prior to participating in any of the School's Internet-based courses.


Introduces students to the application of economic tools to the interaction among the many stakeholders in the health care system and the public health system. Intended for those students who want an overview of health economics, but who do not expect to pursue additional courses in the field. Uses a standard health economics text as the main reading; also draws on articles from the popular press and professional journals that illustrate the tools of economics or their application to health care and public health issues.

Learning Objectives:

Upon successfully completing this course, students will be able to:

  1. Compare and contrast the demand for health and health care
  2. Motivate the demand for health insurance
  3. Describe the economics of production of health services
  4. Discuss the production and supply of health professionals
  5. Discuss the supply of technologies (including medical devices and pharmaceutical products)
  6. Discuss the economics of public health externalities, and the role of government in remedying market failures in the health care sector
Methods of Assessment:

This course is evaluated as follows:

  • 40% Assignments
  • 20% Participation
  • 40% Group Project(s)

Enrollment Restriction:

Undergraduates are NOT permitted in this course

Instructor Consent:

No consent required

Special Comments:

This course is targeted towards students who are interested in an introductory survey course and have no background in microeconomics. Students with a background in microeconomics and an interest in taking a rigorous course sequence should consider the three-course sequence Health Economics I-III (313.643, 313.644, 313.645).