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Research School of Economics · ANU College of Business and Economics
This course aims to introduce economic tools for understanding and analysing the health care sector. We will use economic tools to analyse the major participants in the healthcare sector—hospitals, physicians, health insurers, and pharmaceutical firms. We will also investigate how government policies shape healthcare markets and develop skills to assess the effects of these policies using economic approaches. Topics that we will investigate in depth include: 1. Distinctive economic characteristics of ' healthcare' as a commodity; 2. Fundamental demand for health: the Grossman's model; 3. Quality and financial incentive of healthcare providers: the Industrial Organisation perspective; 4. Private and public health insurance I: Adverse Selection and the Rothschild-Stiglitz model; 5. Private and public health insurance II: Ex-ante and ex-post Moral Hazard; 6. Health Technology Assessment: Cost-effectiveness analysis and Cost-benefit analysis 7. Healthcare systems around the world and healthcare reforms: Past, present and future
Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details.
Learning outcomes 1, 2, 3, 4, 5
Group work and team-based activities: Discussion and debate over specific issues in healthcare reforms and policies, to be assigned and conducted in tutorial. Groupwork assessment will be compulsory. The weighting percentage will be published in the class summary.
Learning outcomes 2, 3, 5
130 hours in total over the semester consisting of lectures, tutorials and private study time. (130 hours in total)
See Class Summary