This module gives an overview of health and economic issues, with a special focus on the implications for public policy. It examines health policies using an economic framework, including supply and demand factors, market structure, market failure and public-private roles as they apply to health care. It examines the rationale for government intervention in the health care market, the determinants of supply and demand, health care financing and payment methods, health resources, costs and cost-containment; resource allocation and issues of equity, efficiency and cost-effectiveness; valuation of health status and outcomes including utilities like QALYs, and application of economic evaluation techniques for decision-making.
The economic analysis of health policies and their complexities will be discussed through selected case-studies and workshops. Seminar topics on current issues will include the economics of disease prevention and health promotion, infectious disease, chronic disease and disability, ageing and long term care, health technology and the medical industry, and the future of health economics.