Offered
Clayton First semester 2008 (Day)
Synopsis
The nature of the commodity health care and the production of health; traditional alternative theories of demand; economics of insurance and information; behaviour of health care providers including physicians and hospitals; regulation to meet social objectives including equity and justice; hospital payment systems; the role of regulation, licensure and the professions; international comparison of health system design; the technique of using economic evaluation in health care to set priorities.
Objectives
On completion of this unit students will:
- Have gained an understanding of the nature of health as a produced commodity and the implications for resource allocation in health care.
- Be able to identify the sources of market failure in health and health insurance and the issues involved in health system design.
- Be able to apply the concepts of agency and incomplete contracts for the analysis of problems in the demand and supply of health care and the organization of health care funding.
- Be able to apply the concepts of efficiency and equity in health and to design and negotiate ways in which the funding of health care can impact on these objectives.
- Have used the concept of net benefits to evaluate a health care intervention and present the results in both oral and written form.
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Contact hours
Three contact hours per week
Prerequisites
ECC1000