Health Economics
Dr. Dao
Office: CH 2871
10:50-11:20 T-R
This course provides an economic approach to understanding health care problems.Upon successful completion of this course, students will be able to apply economic principles to the health care field.Only a minimum of mathematics will be used to follow the discussion of various topics.Emphasis is given to tools that are particularly relevant to health care.Students will find that economic analysis can provide many helpful insights into the operation of the health care system as well as the benefits and costs of different health care policies.
TEXT: Philip Jacobs and John Rapoport, The Economics of Health and Medical Care, Jones and Bartlett, Fifth Edition.
EXAMS:First during the 3rd
week of classes (Jun. 27- Jul. 1, 2016).
Second during the 5th week of classes (Jul. 10-15, 2016)
Comprehensive Final on Friday,
Aug. 5, 2016, by midnight.
HOMEWORK: 15 assignments @ 5 points
each. Assignments cannot be
COURSE GRADE BREAKDOWN: First exam:25 percent
Second
exam:30 percent
Final:35 percent
Homework:10 percent
1. Output of the Health Care
Sector
2. Economic Dimensions of the
Health Care System
II.
EXPLANATORY ECONOMICS
1. Demand for Health Care: A
Simple Model
2. Additional Topics in the Demand
for Health and Health Care
A. Introduction
B. Implications of Health Care
for Life and Death
C. External and Social Demand
for Health Care
D. Influence of Quality on the
Demand for Health Care
E. Time and Money Costs
F. The Demand for Health
G. Agency Theory and
Supplier-Induced Demand
3. Health Care Production and Costs
A. Introduction
B. A Model of Supply Behavior:
An Individual For-Profit Company
C. Market Supply
D. Supply Behavior of Nonprofit
Agencies: The Output Maximization Hypothesis
E. Supply Decisions Involving
Quality
A. Introduction
B. Physician Reimbursement
C. Hospital Reimbursement
D. Diagnosis-Related Groups
E. Long-Term Care Facility
Reimbursement
F. HMOs
G. Provider Supply under
Managed Care
7. Market Power in Health Care
A. Introduction
B. Monopolistic Markets
C. Monopsony—Buyers’ Market
Power
9. Labor Supply
III.
EVALUATIVE ECONOMICS
1. Value Judgments and Economic
Evaluation
4. The Reform of the Health
Care Market
5. Regulation and Antitrust
Policy in Health Care