- Class Number 7626
- Term Code 3260
- Class Info
- Unit Value 6 units
- Mode of Delivery In Person
- AsPr Yijuan Chen
- AsPr Yijuan Chen
- Class Dates
- Class Start Date 25/07/2022
- Class End Date 28/10/2022
- Census Date 31/08/2022
- Last Date to Enrol 01/08/2022
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.
In addition, students in this course will participate in graduate seminars, where they study and present literature on selected topics of health economics.
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 the health and health care production functions;
- demonstrate a deep understanding of the size and scope and the key players of the health sector;
- utilize formal intermediate microeconomic analysis to evaluate health economics issues;
- summarise, analyse and present a selection of academic literature on health economics.
Classical as well as frontier research topics, methodologies, and outcomes in health economics will be introduced along the way. Students will be able to see how results from the models can be applied to analyse real world questions, and what questions remain to answer. The lecturer will present his own research in health economics, and also discuss with students their questions and thoughts that arise from their experience, observation, and study of this course.
The course materials from the textbook will be the same as those for the co-taught course Econ3004 Health Economics. However, Econ6039 will have a graduate-course component. The lecturer will present published research papers and assign those papers for Econ8039 students to study. There will be tutorials questions built around those papers, and the papers will become a part of the Econ6039 final exam.
“Health Economics”, by Bhattacharya, Hyde, and Tu, Published by Palgrave Macmillan. A request has been put to the ANU Library to have the Ebook available and also to have the book on 2hr reserve at the Chifley Library. The Ebook is also available for purchase on the publisher's website.
Students will be given feedback in the following forms in this course:
- written comments
- verbal comments
- feedback to whole class, groups, individuals, focus group etc
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
|Week/Session||Summary of Activities||Assessment|
|1||Ch1. Introduction of Health Economics Ch2. Demand for health care|
|2||Ch3. Demand for health: The Grossman model|
|3||Ch5. The labour market for physicians|
|4||Ch6. The hospital industry|
|5||Ch7. Demand for insurance||Wattle online quiz|
|6||Ch8. Adverse selection: Akerlof’s lemons model|
|7||Ch9. Adverse selection: the Rothschild-Stiglitz model||Mid-semester Exam|
|8||Ch11. Moral hazard|
|9||Ch12. Pharmaceuticals and the economics of innovation|
|10||Ch14. Health technology assessment: Cost-effectiveness analysis|
|11||Ch14. Health technology assessment: Cost-benefit analysis Healthcare systems around the world and Healthcare reforms|
|12||Healthcare systems around the world and Healthcare reforms|
TUTORIALS: ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage. https://www.anu.edu.au/students/program-administration/timetabling
|Assessment task||Value||Learning Outcomes|
|Mid-semester Exam||35 %||1,2,3,4|
|Final Exam||65 %||1,2,3,4|
|Wattle online quiz||5 %||1,2,3,4|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
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Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
PARTICIPATION: For this course in Semester 2 2022, all the lectures will be delivered through pre-recorded videos. The tutorials will be delivered in two ways (i) on campus through Face-to-Face teaching, and (ii) via a live zoom tutorial, which are only for students who cannot attend on-campus classes due to Covid-related travel restrictions. All the students that can attend on-campus classes should attend the on-campus tutorials. Details on the delivery of this course and expectations of student participation will be outlined in further detail on the Wattle course site in O-week.
See Assessment Tasks above.
Assessment Task 1
Learning Outcomes: 1,2,3,4
The exam will be held in Week 7 on Wattle in the format of Wattle Quiz. The exam will be 2 hours long. It will be made up of Multiple Choice Questions and Short Answer Questions. For the Short Answer Questions, students can either answer directly using the text-editing tools provided in the exam or upload scanned images of their answers. Further information will be announced in lecture by Week 4.
Assessment Task 2
Learning Outcomes: 1,2,3,4
The final exam will be held on Wattle in the format of Wattle Quiz in the final exam period. The exam will be 2.5 hours long. It will be made up of Multiple Choice Questions and Short Answer Questions. For the Short Answer Questions, students can either answer directly using the text-editing tools provided in the exam or upload scanned images of their answers. More details such as the coverage will be provided in lecture no later than week 9.
Assessment Task 3
Learning Outcomes: 1,2,3,4
Wattle online quiz
A quiz in the form of multiple choice questions will given through Wattle in the format of Wattle Quiz in Week 5. The quiz will cover course materials taught from Week 1 to Week 3. There will be 3 questions and it will take 20 minutes. The quiz result will be released in Week 5 after the quiz closes. The final timing of the quiz will be announced no later than Week 3.
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- Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.
- Late submission permitted. Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item. Late submission is not accepted for take-home examinations.
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Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. Extensions may be granted for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
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AsPr Yijuan Chen