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HCA 526 Health Economics (3 Credits)

This course thoroughly discusses fundamental theoretical foundations of health production and the organization of health care, demand for health, health care markets and health care financing. Topics that are included are market failures, information as well as health insurance. Analyses will also be undertaken on industrial organization of pharmaceuticals, economic evaluation, health systems and aging.

Learning Outcomes:

  • Discuss the characteristics of health as an economic good, its measurement, as well as the indirect nature of the demand for health and the market flaws for health care.
  • Analyze the financing of health care, information asymmetry and long term care.
  • Gain understanding of the need for economic evaluation and priority setting of health programs.
  • Discuss the institutional foundation of the health system and the major drivers of health care expenditure.