- Code ECON3004
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics
This course aims at introducing economic tools for understanding and analysing the health care sector. Topics that we will investigate in depth include:
1. Distinctive economic characteristics of the commodity ' health care';
2. Grossman's model of health capital
3. Health and health care production functions
4. Adverse selection and the Rothschild-Stiglitz model
5. Moral hazard in the healthcare sector
6. Cost-effectiveness analysis
7. Cost-benefit analysis
We will apply the economics tools to study some of the key players of the healthcare sector, including: Hospitals, Physicians, Health Insurance Companies, and Pharmaceutical Companies.
We will study how government policies help shape the healthcare sector. We will also learn economic methods for evaluating the effects of health care policies.
Upon successful completion, students will have the knowledge and skills to:
- define the determinants of the demand for health care, demand for health insurance and the supply of health, as well as health and health care production functions;
- demonstrate an understanding of the size and scope, and the key players of the health sector;
- be able to use microeconomic analysis to evaluate health economics issues;
- summarize a selection of the academic literature on health economics.
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary
Tuition fees are for the academic year indicated at the top of the page.
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- 6 units
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