EC979: Health Economics
Kobi Glazer
Module Leader
Introduction
EC979-15 Health EconomicsPrincipal Aims
The aims of this module are to provide students with an overview about the use of economic analysis in major aspects of health insurance and health care. The module examines the supply, demand, and constraints associated with health care provision. The module also considers different approaches to economic evaluation of health care and the measurement and valuation of health.
Principal Learning Outcomes
Subject knowledge and understanding:...demonstrate the ability to apply core economic concepts to health and health care.
Subject knowledge and understanding:...evaluate different approaches to the production, funding, and distribution of health care using health economics and econometrics techniques.
Subject knowledge and understanding:...show a clear understanding about the importance of health and health care for the successful functioning of the economy.
Syllabus
The module will typically cover the following topics:
1. Introduction to health economics. 2. The demand for health insurance. 3. Asymmetric information and market failures in the health insurance market. 4. The demand and supply of health services. 5. The design of optimal incentive schemes in health care. 6. Inefficiency and regulation in the health care market. 7. Economic evaluation of health care: measuring the benefits of health care. 8. Economic evaluation of health care: methods and applications. 9. Summary.
Context
- Optional Module
- L1P6 - Year 1, L1P7 - Year 1
Assessment
- Assessment Method
- Coursework (30%) + Centrally-timetabled examination (On-campus) (70%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (70%) , Problem Set 1 (15%) , Problem Set 2 (15%)
- Exam Timing
- May
Subject Specific Skills
- Applied Economics
- Economic Information
- Economic Principles
- Research and Debate
- Abstraction
- Analysis of Incentives
- Analysis of Optimisation
- Analytical Reasoning
- Analytical thinking and communication
- Concepts of Simultaneity and Endogeneity
- Creative Thinking
- Critical Thinking
- Policy Evaluation
- Problem Solving
- Strategic Thinking
- Sustainability
- Understanding of Uncertainty and Incomplete Information
Transferable Skills
- Data-based skills
- Numeracy and Quantitative Skills
- Mathematical, statistical, data-based research skills
- Written Communication
Exam Rubric
Time Allowed: 2 Hours
Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.
There are TWO sections in this paper. Answer ONE question from Section A (50 marks) and ONE question from Section B (50 marks).
Use a separate booklet for each Section.
• Use a PINK booklet for Section A.
• Use a SEPARATE PINK booklet for Section B.
You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.
Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.
Approved scientific (non-graphical) pocket calculators are allowed.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.