Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should have a clear understanding of the theoretical debate over the `special' characteristics of health and the health care and health insurance markets; of the major theories of the demand for health care; of the use of economic incentives to achieve allocative and technical efficiency in the production of both health and health care services; be familiar with the social and institutional characteristics of the Australian health care market and the various proposals for its reform.
Synopsis The subject is a survey of theoretical issues in the economics of health systems and the major health policy issues confronting Australia. Topics include market characteristics; market failure and regulation; 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%