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Health Economics (ECON30023)
Undergraduate level 3Points: 12.5Not available in 2022
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
Overview
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The focus of this unit is on the application of economic analysis to study the consumption and production of health. The main objectives of this subject are to develop an understanding of: (1) the underlying economic frameworks appropriate to study health and health care, and (2) the impact of market failures in the provision of health care and the role for government policy. Topics covered may include production of health, demand for health (including the demand for health “bads”), moral hazard and adverse selection in health insurance markets, health labour markets, including physician-patient interactions, the institutions of the Australian system of health care, health policy and evaluation techniques.
Intended learning outcomes
- Demonstrate an understanding of the basic economic concepts used in the study of health economics
- Apply appropriate economic tools to analyse the behaviour of the various agents in the provision and consumption of health care.
- Describe the major government programs and institutional features in the provision of health care in Australia and the debates currently surrounding these programs.
- Demonstrate knowledge of the main empirical tools used in the analysis of issues in health economics.
Generic skills
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High level of development: written communication; collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information.
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Moderate level of development: oral communication; statistical reasoning; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
Last updated: 22 November 2023
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON20002 | Intermediate Microeconomics |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
|
12.5 |
AND
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECOM20001 | Econometrics 1 |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| ECON20003 | Quantitative Methods 2 |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 22 November 2023
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignments not exceeding 3000 words
| 30% | |
Tutorial participation (10%) | Throughout the teaching period | 10% |
An exam
| During the examination period | 60% |
Last updated: 22 November 2023
Dates & times
Not available in 2022
Time commitment details
170 Hours
Last updated: 22 November 2023
Further information
- Texts
Prescribed texts
The Economics of Health and Health Care by Folland, Goodman and Stano.
- Related Handbook entries
This subject contributes to the following:
Type Name Major Economics - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 22 November 2023