7307MED Health Economics

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The 7307MED Health Economics course unit aims to offer students with the introduction to the main concepts, methodologies and comprehension of the application of economics to health and health care. Beneath this course, the students will gain comprehensive knowledge of the primary theories promoting the health economics, however more significantly, it intends to stimulate student's analytical thinking regarding the main challenges health care systems encounter and how health economics can play a major role in understanding and mitigating those confronts. The course module includes an amalgamation of the core theory promoting the health economics along with the empirical research within the health economics.

Course learning objectives:

• Comprehend the features of the economic approach to examining the social issues in general, and to examine the health, health care, along with the health insurance concerns in particular.
• Recognize the historical trends in health care expenditures and recognize the underlying forces driving these trends.
• Recognize the factors driving the demand for medical care.
• Comprehend the concept of health insurance along with the factors driving demand for health insurance.
• Implement economic principles to derive the implications of components of the Affordable Care Act.
• Comprehend two common problems, unfavorable selection and moral problem that can occur in the insurance markets.

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