Welcome - Healthcare Economics HESA 5341   Healthcare Economics
CREDIT HOURS: 3
This course entails the study of health economics and its impact on health policy, funding and service delivery. Students will learn the concept, theories and methods of analysis of health economics; they will conduct a project-based health economics analysis and evaluation with reference to health policy. Students will identify assumptions used in analysis of economic issues, and explain the theory underlying the assumptions, notably the theories of consumer behavior and production as they relate to health. Important concepts to be covered include: traditional theory of demand and supply and market equilibrium, the invisible hand and consumer choice, market failure, Pareto optimality and social welfare, elasticity, production and cost, public, private and quasi-public good; equity and redistribution. With the aforementioned framework as reference, the course will then focus on economic analysis and evaluation in the field with some coverage of related policy issues that are important for health care manager. Student will learn and apply techniques of economic analysis to current health issues with special emphasis on cost-effectiveness analysis, Cost utility analysis and cost benefit analysis. Students will learn the techniques of using patient-level data in economic evaluation and the basics of economic analysis using decision-making modelling.