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This subject builds on and extends the theoretical and analytical approaches to health economics introduced in Health Economics 1. The aim is to enhance students’ ability to undertake economic analysis of health, health care and health policy issues by the use of more advanced theoretical and quantitative approaches. The topics to be covered include Grossman’s model of health production; health care quality; efficiency and equity of health care markets; health care costs control and financing; the economics of the pharmaceutical and life sciences industry; the economics of public and private health insurance; externalities and government’s role in health care; health system reform; and evaluating the performance and impact of a health policy.
Intended learning outcomes
At the completion of the subject, students should be able to:
- Critically evaluate a health issue or health policy from an economic perspective,
- Apply economic theories and analysis to the study of a health issue or health policy,
- Critically examine findings and results of econometric analysis from empirical health economics research.
Upon completion of this subjects students should develop the following skills:
- Critical thinking and analysis
- Finding, evaluating and using relevant information
- Written communication
- Persuasion and argument
Last updated: 10 November 2019