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BAEcon Economics and Finance / Course details

Year of entry: 2021

Course unit details:
Health Economics

Unit code ECON32202
Credit rating 10
Unit level Level 3
Teaching period(s) Semester 2
Offered by School of Social Sciences
Available as a free choice unit? Yes

Overview

The unit aims to:

1.     enable students to develop a critical understanding of the basics of health economics

2.     introduce students to the health economists’ ’toolkit’, the ways it can be used in the process of policy development, and its limitations

At the end of the module, successful students should be able to demonstrate:

•       The ways in which health and health care are different to other economic goods

•       The economic decisions and processes that drive the demand for and the production of ’health’ and ’health care’

•       The health care market, how it can fail, and the role of government in healthcare

•       How poor health is insured against and how health care is financed in different countries

•       How to measure equity in the distribution and finance of health care

•       How to measure health care output and alternative methods to determine a fair and efficient distribution of health

Pre/co-requisites

Unit title Unit code Requirement type Description
Microeconomics 4 ECON20022 Pre-Requisite Compulsory
Microeconomic Analysis 4 ECON20512 Pre-Requisite Compulsory
ECON20022 or ECON20512

ECON20022 Micro 4 or ECON20512 Micro Analysis 4

Aims

The unit aims to:

1.     Enable students to develop a critical understanding of the basics of health economics.

2.     Introduce students to the health economists’ ’toolkit’, the ways it can be used in the process of policy development, and its limitations.

Learning outcomes

At the end of the module, you should be able to demonstrate:

•       The ways in which health and health care are different to other economic goods

•       The economic decisions and processes that drive the demand for and the production of ’health’ and ’health care’

•       The health care market, how it can fail, and the role of government in healthcare

•       How poor health is insured against and how health care is financed in different countries

•       How to measure equity in the distribution and finance of health care

•       How to measure health care output and alternative methods to determine a fair and efficient distribution of health

Syllabus

  1. Introduction to health economics (2 hours)
  2. The determinants of health and the demand for health care (4 hours)
  3. The production and supply of health care (4 hours)
  4. Efficiency of health care (market failure, governments, and insurance) (4hours)
  5. Equity in health care (2 hours)
  6. Economic evaluation (4 hours)

Teaching and learning methods

Lectures and tutorial classes.

Intellectual skills

  • Apply basic economic analysis in a health context
  • Identify and apply relevant health economic theories and methods to the analysis of health related policies

Practical skills

  • Read economic literature, particularly in a health context
  • Process and critically evaluate different sources of information
  • Comment on current development in health care policy
  • Develop a sustained and coherent written argument

Transferable skills and personal qualities

  • Presentation and interpersonal skills through participation in tutorial sessions

Employability skills

Analytical skills
Process and critically evaluate different sources of information.
Oral communication
Presentation and interpersonal skills through participation in tutorial sessions.
Written communication
Develop a sustained and coherent written argument.
Other
Read economic literature, particularly in a health context. Comment on current development in health care policy. Identify and apply relevant health economic theories and methods to the analysis of health related policies.

Assessment methods

60%      Exam

40%      Essay

Feedback methods

 

 

Recommended reading

  • Morris, S; Devlin, N; Parkin, D; Spencer, A (2012) Economic Analysis in Health Care, 2nd edition, John Wiley.

Supplementary readings in the form of journal papers will be given as appropriate

In addition, where relevant, recent newspaper and popular scientific articles will be used as motivation for topics.

 

 

 

 

Study hours

Independent study hours
Independent study 0

Additional notes

For every 10 course unit credits we expect students to work for around 100 hours. This time generally includes any contact times (online or face to face, recorded and live), but also independent study, work for coursework, and group work. This amount is only a guidance and individual study time will vary.

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