ECC4870

Health economics

(BUS)

Professor Jeff Richardson

7 points + 3 hours per week + First semester + Clayton + Corequisite: ECC4650

Synopsis: A survey of theoretical issues in the economics of health systems and the major health policy issues confronting Australia. Emphasis is given to theories which differ from economic orthodoxy. Topics include market characteristics; market failure and regulation; equity and issues of social justice; demand analysis and human capital; the production of health and health care; theories of price formation; hospital models and hospital payment; optimal health insurance; and alternatives to Medicare.

Assessment: Written (2000-word essay): 20% + Tutorial assignments: 20% + Examination (3 hours): 60%