ECON 437

Main Course

Health Economics: Understanding Roles of Regulation, Public Policy, and Demographic Change

Description

Lecture, three hours; discussion, one hour. Limited to Master of Applied Economics students. Applied microeconomics study of economics of health care sector. Examination of trends in health care costs, functioning of health care sector, structure of insurance markets, and current public health issues. Study of how underlying economic concepts such as adverse selection and moral hazard lead to market failures. Examination of impact of policy and demographic change on future costs. Letter grading.