This course will introduce students to the field of health care economics. Similar to other economics courses, this course is chiefly concerned with how resources are allocated. A great deal of the material presented in this course is similar to that found in an introductory economics course, but the emphasis here is on how concepts such as supply and demand, cost, and utility are applied to the health care sector. In this course students examine how the economic behaviors of health care consumers and suppliers, affect the manner in which resources are allocated.
The learning outcomes of this course are:
- Describing and discussing the concepts of health status and health care utilization as well as the relationship between them
- Describing the organization of the health care systems, in terms of specific economic dimensions
- Using economic analysis to predict patterns of health care utilization
Textbook: Hicks, Lanis, L. (2014). Economics of health and medical care (6th ed). Burlington, MA: Jones & Bartlett Learning.