Economics of Health and Health Care(MOOC)

Paper Code: 
ECO 324 (B)
Credits: 
4
Max. Marks: 
100.00
Objective: 

1. To provide the students a broad understanding about the fundamental economic concepts in the area of health, health care and health policy. 

2. To equip students with economic theories and logics in order to analyze the behavior of different economics agents at the individual, household, community and institutional (government and non-governmental) levels within the        healthcare market frameworks.

3. To help them to build rationale and strategies based on the economic valuation of healthcare system and the measurement of efficiency level. 

4. To learn about the shortcomings of a lowly developed economy to attain best health status and the health and development nexus. 

5. To understand the healthcare financing mechanism and its evolution

 

 

 

COURSE LAYOUT

Week 1 : Introduction, Consumer Behaviour, Demand and Supply

Week 2 : Elasticity of demand and supply, Theory of Production

Week 3 : Theories of Cost and Grossman’s Demand for Healthcare 

Week 4 : Market Imperfections, Healthcare Financing

Week 5 : Health Insurance

Week 6 : Impact Evaluation, Social Determinants of Health

Week 7 : Economic Externalities, Public and Private Goods

Week 8 : Population, Health and Development

 

Essential Readings: 

• Stephen Morris, Nancy Devlin, David Parkin. Economic Analysis in Health Care. John Wiley & Sons

• Folland, Goodmand, and Stano (FSG). The Economics of Health and Health Care. 5th Edition. Pearson Prentice Hall Press

• Jay Bhattacharya, Timothy Hyde, Peter Tu. Health Economics. Palgrave MacMillan.

 

Academic Session: