About this Course
This course introduces students to the principles of economics as applied to health care markets. We’ll explain the foundational principles of economics as well as the features of health care markets that make them unique. We’ll also consider the principles of supply and demand for medical care and health insurance and look at how private and public health care markets are regulated. We’ll use contemporary examples to illustrate the key challenges facing health care systems.
What You’ll Learn
- The importance of health care insurance and its public versus private provision
- The economics of pharmaceutical markets and how these markets are regulated
- The sources of market and government failures and how they affect the health care sector
- The economics of personalized medicine and of patient-centered comparative effectiveness research
- The economic markets of different medical services, such as hospitals, physicians and non-physician providers