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This subject provides a comprehensive introduction to micro-economics. It is suitable for students with no prior knowledge of economics. It paves the way for students to apply micro-economic concepts to the analysis of contemporary issues in public health and health care. Topics to be studied include the following:
- Introduction to economics and micro-economics,
- Introduction to health economics,
- The demand for health and health care,
- The supply of health manpower and services: doctors and hospitals,
- The market of health care,
- Market failure and the role of government in health care,
- The Australian health care system analysed from an economic perspective,
- Australia’s Medicare system analysed from an economic perspective.
Intended learning outcomes
On completion of this subject, students should be able to:
- Demonstrate an understanding of the economics principles, concepts and theories underpinning health economics.
- Analyse a health care issue from an economics perspective.
- Explain the economic rationale for government intervention in health care.
- Evaluate the impact of public policy in health and health care markets.
- Apply the knowledge of health economics in designing or reforming health care system.
Upon completion of this subject, students will have developed skills in:
- Critical thinking and analysis,
- Finding, evaluating and using relevant information,
- Written communication,
- Persuasion and argumentation.
Last updated: 10 November 2019