This course aims at introducing economic tools for understanding and analysing the health care sector. Topics that we will investigate in depth include:
1. Distinctive economic characteristics of the commodity ' health care';
2. Grossman's model of health capital
3. Health and health care production functions
4. Adverse selection and the Rothschild-Stiglitz model
5. Moral hazard in the healthcare sector
6. Cost-effectiveness analysis
7. Cost-benefit analysis
We will apply the economics tools to study some of the key players of the healthcare sector, including: Hospitals, Physicians, Health Insurance Companies, and Pharmaceutical Companies.
We will study how government policies help shape the healthcare sector. We will also learn economic methods for evaluating the effects of health care policies.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- define the determinants of the demand for health care, demand for health insurance and the supply of health, as well as health and health care production functions;
- demonstrate an understanding of the size and scope, and the key players of the health sector;
- be able to use microeconomic analysis to evaluate health economics issues;
- summarize a selection of the academic literature on health economics.
Indicative Assessment
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4]
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Workload
130 hours in total over the semester consisting of lectures, tutorials and private study time.
Inherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
See Class Summary
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2024 | $4680 |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 9259 | 22 Jul 2024 | 29 Jul 2024 | 31 Aug 2024 | 25 Oct 2024 | In Person | View |