Undergraduate - UnitECC2700 - Health economics

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit will examine the market for health care. Health care expenditure is rising in all countries so increasingly governments, as the largest funders of health care, have to make difficult decisions concerning the allocation and distribution of health services. The unit will examine the causes of market failure including the role of information, agency and supplier induced demand. The behaviour of health care providers including doctors, hospitals and the pharmaceutical industry, and the role of private health insurance will be explored. Lastly the unit will examine the main issues confronting all nations, particularly equity and social justice and the consumption of "bads".

Outcomes

The learning goals associated with this unit are to:

1. gain an understanding of the nature of health as a produced commodity and the implications for resource allocation in health care
2. identify the sources of market failure in health and health insurance and the issues involved in health system design
3. apply the concepts of agency and incomplete contracts for the analysis of problems in the demand and supply of health care and the organisation of health care funding
4. apply the concepts of efficiency and equity in health and to design and negotiate ways in which the funding of health care can impact on these objectives
5. use the concept of net benefits to evaluate a health care intervention and present the results in both oral and written form.

Assessment

Within semester assessment: 35%
Examination (2 hours): 65%

Chief examiner(s)

Jennifer Watts

Contact hours

3 hours per week

Prerequisites

ECC1000