This course presents key concepts and tools in economic theory and empirical health economics’ research that will equip students to understand how economic issues are integrated into health systems management and policy. Students will be provided with an overview of applications of economic analyses to applications including the provision of health care, health insurance in market and non-market settings, health behaviours and economic metrics and their role in informing decision-making. An essential focus of the course is the features of the services of health care and public health that distinguish them from conventional marketed commodities.
Learning objectives:
Upon completion of this course, students will
- Be familiar with central concepts in Health Economics including demand and supply of health services, determinants of health;
- Be aware of how health system design influences the demand and supply of health care, health insurance and incentives for health behaviors, and health equity;
- Understand the uniqueness of the healthcare market as part of general economics models;
- Critically assess the arguments for and against government intervention in health systems; and
Understand how economists evaluate the outcomes of medical and health interventions and the trade-offs among monetary costs and benefits, equity, and health.