The Economics of Healthcare

Catalog description

Students are provided with practical knowledge and application of economic theories and principles for understanding healthcare economic issues related to the amount, organization, and distribution of healthcare resources in the United States. Content provides for comprehension and application of economic principles such as supply and demand, economic theories, resources allocation, competitive markets, market evaluation methods, and cost effectiveness analysis. Material also examines decision making and the consequences of resource scarcity in the healthcare industry. Students will discuss issues and controversies surrounding the federal and state government’s role in financing and regulating health services. Recommended Prior Course: HCM310