Economics of Healthcare
Full course description
In the unit ‘Economics of Healthcare’ you will get to know more about the discipline, relevance and application of advanced health economics. Health economics is a specific branch within economics concerned with the efficient allocation of scarce resources with respect to health and healthcare. Health economics is a growing field which all professionals in healthcare will be confronted with. In this unit you will look at innovations from an economic perspective. You will deal with theoretical as well as empirical developments. It is assumed that in this unit you have basic knowledge of (health) economics. The unit consists of six interrelated cases: case 1 introduces students to the economic approach of health care, case 2 presents economic theories that are needed to understand and analyze innovations of health care, case 3 is about economic evaluation of healthcare interventions, case 4 is related to organization innovations, case 5 presents the pharmaceutical market and drug development process and case 6 discusses patient involvement in healthcare decisions/HTA.
This unit has two skills trainings. You can choose one of the two trainings (whether you are assigned to the training of your first choice depends on the number of available places for each training). During the trainings, you will work in teams of 3-4 students.
- Economic Evaluation. The purpose of this training is to provide you with knowledge of methods, concepts, key issues and models that are used to assess economic evaluation of healthcare technologies.
- Institutional Economic Analysis of care innovations. The purpose of this training is to familiarise you with new-institutional economic approaches, including economic organisation theory.
Disclaimer: Given the Covid-19 crisis, it may be possible that mentioned teaching methods and assessment forms need to be adjusted for 2022/2023.
Knowledge and understanding:
- Has knowledge of the most recent approaches within health economics, including health technology assessment, economic organisation theory and institutional economic approaches.
- Has knowledge of the economic approach of healthcare in order to understand the costs, benefits, and success and failure of care innovations.
Applying knowledge and understanding:
- Is able to analyse (issues related to) care innovations, by applying knowledge of the most recent approaches within health economics.
- Can relate the health economics knowledge presented in this unit to identical or comparable problems, cases or types of innovations presented in other master units.
- Has a scientific – positive and critical – attitude.
- Can describe and make judgments about health economics and critically assess recent approaches within health economics.
- Can make judgments of (actual) problems and themes with respect to care innovations on the basis of economic arguments.
- Can communicate effectively about the knowledge and insights offered in this master unit in writing and orally.
The student has the skills to:
- Gather relevant information on actual cases regarding care innovation.
- Analyse actual cases regarding care innovation from a health economic point of view.
- Work in a collaborative setting.
Literature In this unit, selected chapters from different handbooks on health economics and new institutional economics are used. Additionally, a selection of scientific articles from renowned international journals are used.