Health economics I [Vorlesung]
- Prof. Dr. Katharina Blankart , MBR
- Winter Semester 2019/2020
- Mittwoch 08:30 – 12:00
- Altendorder Str. 5-9, A-B07
- Lecture in Moodle
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. In Section 2, we discuss how to measure health and quality of health care. In section 3, we consider possible market failures in the health care sector. Section 4 considers individuals as producers of their health. In section 5 we analyze market failures when offering health insurance. One of key characteristics of health is risk and the demand for insurance which is analyzed in Section 6. In Section 7 and 8, we shift the focus to providers. We present and discuss the supplier-induced-demand hypothesis in Section 7. Economic contract theory is used in Section 8 to examine how providers react to different reimbursement schemes. Section 9 is dedicated to the market for pharmaceuticals.
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.
The course requires a good knowledge of microeconomics. In addition, students should be familiar with regression analysis.
1. Introduction to Health Economics
2. Economic Valuation of Life and Health
3. Health Goods and Market Failures
4. Demand for Health
5. Health Insurance and Market Failure
6. Optimal Health Insurance Contracts
7. Physicians as Suppliers of Medical Services
8. Provider Payment Systems
9. The Market for Pharmaceuticals + Q&A
The course is based on
Zweifel, P., F. Breyer and M. Kifmann. Health Economics, 2nd edition. Springer, New York et al., 2009.
Useful reference books are
Culyer, A. Encyclopedia of Health Economics. Elsevier, Oxford. 2014.
Culyer, A. and J. Newhouse (eds.). Handbook of Health Economics, Vol. 1A & 1B. North-Holland, Amsterdam, 2000.
Pauly, M.V., McGuire, T.G. and Pita Barros, P. (eds.). Handbook of Health Economics, Vol. 2. North-Holland, Amsterdam, 2012.
Glied, S. and P.C. Smith (eds.). The Oxford Handbook of Health Economics. Oxford University Press, Oxford, 2011.
Jones, A.M. (ed.). The Elgar Companion to Health Economics, 2nd edition. Edward Elgar, Cheltenham, 2012.
Folland, S., Goodman, A.C. & Stano, M., 2014. The economics of health and health care 7. ed., new internat. ., Harlow, Essex: Pearson.
Methods of Assessment:
There will be a final exam at the end of the semester.