The course requires a good knowledge of microeconomics. In addition, students should be familiar with regression analysis.
The course provides an overview of the economics of health and health care. We use microeconomic methods to analyze how decisions are taken by actors in the health care system. The aim of the course is to provide the economic analytical tools needed to inform public policy debates about health and health care. We will examine a number of important policy issues, e.g., the consequences of ageing and the regulation of health insurance markets. We will also discuss lastest empirical evidence that allows making causal statements about the effectiveness of policies and health care system desing. This includes discussion of the impacts of the Covid-19 pandemic. The course is structured into 9 Sections:
Section 1: Introduction
Section 2: How to measure health and quality of health care
Section 3: Possible market failures in the health care sector
Section 4: The impacts of individuals as producers of their own health
Section 5: Market failures when offering health insurance
Section 6: Individual risk and the demand for insurance
Section 7: The supplier-induced-demand hypothesis
Section 8: How providers react to different reimbursement schemes (Economic contract theory)
Section 9: The pharmaceuticals market
Additional information can be found here.