Global Health Economics
Full course description
This course introduces two basic issues in the economic analysis of health and health care. The discussions in this course are focused on the following issues:
- Demand and supply in health care. The concepts of demand and supply in health care are introduced, as is the phenomenon of supplier-induced demand.
- Competition in health care and contracting health services. How to stimulate efficiency and quality improvements using provider-side arrangements?
- Health insurance issues. How does health insurance actually work and what are its basic features?
- Economics of prevention and economic evaluation of medical interventions. How to measure the costs and outcomes of public health and health care programs?
- Equity aspects of health care systems. Both equity in financing and equity in access are discussed, as well as equity in health.
- Economics of the pharmaceutical industry.
At the end of the course, students should be able:•To understand the basic elements of economic analysis of health systems;•To understand the basics of economic evaluation concepts; and•To understand what applied health economics can provide for decision-makers.The course emphasizes the evaluative perspective. The formal economic theory is not at the center of the course. Yet, the course includes applied research and, as far as available, the results of relevant empirical studies.
Basic literature: - GuinnessL, WisemanV, Wonderling D. (2011). Introduction to Health Economics. 2ndEdition. McGraw-Hill/Open University Press. [e-book] - FollandS, Goodman A, Stano M. (2017). The Economics of Health and Health Care. International Student Edition. 8thEdition. Routledge [e-book] - Revill P, Suhrcke M, Moreno-Serra R, Sculpher M. (2020). Global Health Economics: Shaping Health Policy in Low-and Middle-Income Countries [e-book]