MBAHO 410 Health Economics
This course examines the systematic economic forces at work that relate to the U.S. health care system's performance. This performance is contrasted with a number of international health systems throughout the course. Using readings from health economics literature, students study the way markets and competition work in health care. The course focuses on some of the anomalous aspects of the health industry, such as health insurance (both social and private), the role of technology, the issue of market failure due to asymmetric information and externalities, and the role of professional licensing, patents, and other government regulation. Students will also consider the supply side implications of licensure requirements for many health professions on management decisions in the health industry.