Health Economics

Catalog description

Class Hours: 3 Lab/Discussion: 0 Credits: 3 Prerequisite: ECON 101 or ECON 122 Corequisite: none Restriction: none Description: Analyzes the market for healthcare: demand by individual consumers and supply by health workers and hospitals. Considers the problems of information, risk, and externalities in making health decisions and the role of insurance. Explores public health policies, both in a world and domestic context. Introduces economic methods for program/policy research: elasticity estimation, cost-benefit analysis, and supply-demand modeling.