This course covers the principles of microeconomic theory and the fundamental concepts of the field of health economics. The focus is on individual behavior (demand), firm behavior (supply), and how these forces interact to yield market outcomes (prices and quantities) in health and health care. No previous background in economics is assumed. The purpose of the course is not to train you to be health care economists, rather it is to give you experience analyzing health management and health policy issues using economic tools. The basic framework of economics will be used to analyze the behavior of consumers, insurers, physicians, and hospitals. The tools of economics will be applied to both managerial issues such as pricing decisions and policy issues such as the medically uninsured. Additionally, these economic tools will be used to predict how various parties might respond to changes in the health care system.
HMP827
Advanced Seminar in Health Care Economics
Fall
term(s)
3 Credit Hour(s)
Instructor(s):
Hirth, Richard
Prerequisites: Econ 501 and Perm Instr
Analysis of the application of advanced economic theory to problems in the health services field. Focuses on several health economics issues, including topics of current policy interest as well as topics for which the application of economic theory has been more fully explored, Classes will include a general discussion of the appropriate economic theory and empirical evidence and a critical review of the relevant health economics literature. Students must read approximately 30-40 articles and write several short papers.
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