316-347 Health Economics

316-202 Intermediate Microeconomics, and either 316-205 Introductory Econometrics or 316-206 Quantitative Methods 2.

The focus of this unit is on the application of economic and econometric analysis to health markets. Topics covered include production of health, demand for health (including the demand for health" bads"), moral hazard and adverse selection in health insurance markets, health labour markets, including physician-patient interactions, the pharmaceutical industry, the institutions of the Australian system of health care, comparative health systems, health policy and evaluation techniques.

• High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information.

• Moderate level of development: oral communication; statistical reasoning; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.

A 2-hour end-of-semester exam (70%) and assignments not exceeding 3000 words (30%).

The Economics of Health and Health Care by Folland, Goodman and Stano.