EC 320 Health Economics
This course introduces the application of economic theory to the production of health and healthcare services. Students will investigate the demand for medical care and the roles of moral hazard and adverse selection in the health insurance market. They will analyze the differences in pricing and utilization across healthcare systems (HMO, PPO, POS), markets for physicians, hospital and pharmaceutical services, as well as the role of the government in the regulation and administration of healthcare. Students will also learn the decision-making tools used in the economic evaluation of healthcare interventions.
Prerequisite
MA 131 Statistics for Decision-Making or
MA 133 Business Statistics or higher or EX320