Dec 21, 2024  
2019-2020 Academic Catalog 
    
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2019-2020 Academic Catalog [ARCHIVED CATALOG]

ECON 560 - Advanced Economics of Healthcare (3)


This course bridges the gap between traditional economics and business decision-making by demonstrating how economic concepts, principles, and theories can be used to illuminate various healthcare issues. Students evaluate a theoretical or empirical argument relating to healthcare by conducting an in-depth analysis of the structure, conduct, and performance of the markets for physician, hospital, pharmaceutical and long-term care services. The course will include demand theory and estimation, production theory, cost analysis, market structure, pricing policies, and business investment decisions. Uses economic concepts and tools to examine a range of issues pertaining to healthcare and the delivery of healthcare services. Includes demand analysis, production of health services, expenditure growth, markets for hospital and physician services and externalities. Emphasis on using economics to examine issues and solve problems at an executive level.