sap course 1429294354

Course Code & Number:

ECON 481

Course Title:

Health Economics

Level of Course:



(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Catalog Description:

Theory and practice of health economics. Application of economic tools to analyze health and medical care issues. The special features of healthcare as a commodity. Demand for health and medical care services. Economic basis for the behavior of medical care physicians and hospitals. Functioning of insurance markets.

Pre-requisites & Co-requisites:

Pre-requisites: NONE
Co-requisites: NONE
Year of Study: 
Mode of Delivery: 
Language of Instruction: 
Course Type: 
Required Reading: 
1. Folland. S., A. C. Goodman. and M. Stano, The Economics of Health and Health Care. 6th Edition, Pearson Prentice Hall: Upper Saddle River, New Jersey, 2009.
Course Objective: 

This course provides a broad overview of the field of health economics and examines how standard concepts and methods in economics can be used to understand incentives and decision making in health-related transactions. This course aims to develop an understanding of the relevance of economic concepts to the health care sector; to describe the system of health care financing and delivery arrangements in the health care sector, and to impart an understanding of the role of economic factors in the development of public policy concerning health and health care.

Extended Description: 

Health. Production of Health. Demand for Health. Supply of Health. Market Failures in Health Care. Government Intervention and Market Failures. Health Insurance. The Pharmaceutical Industry. Environment and Health. Economic Evaluation. Cost – benefit Analysis. Economic Efficiency. Asymmetric Information. Moral Hazard. Principal Agent Theory. The Products of the Health Care System. The Demand for Health Care. Supply of Health Care Services. Hospitals and malpractice. Health Technology Assessment. International Comparisons.

Computer Usage: 
Students will use MS Office applications (Word, Excel, Access, Powerpoint) to work on their weekly assignments about 4 hours a week.
Learning Outcomes: 

Upon succesful completion of this course, a student will be able to
1. Use economic analysis to evaluate health economics issues. 
2. Explain the size and scope of the health sector. 
3. Utilise basic economic concepts and theories in health care. 
4. Explain consumers’ optimal decision making and apply it in demand for health and health care. 
5. Apply economic principles to the allocation of healthcare resources. 
6. Demonstrate an understanding of the role of government in delivering and funding healthcare. 
7. Evaluate the costs and benefits of healthcare interventions. 
8. Distinguish between the different forms of economic evaluation and show an understanding of the advantages and disadvantages of the various approaches. 
9. Critically review published economic evaluations of health technologies. 

Planned Learning Activities and Teaching Methods: 
Case Study/Scenarion Analysis
Guest Speakers
Web Searching
Assessment Methods and Criteria: 
Test / Exam
Written Project
Presentation (Oral/Poster)

Student Workload:

Quizzes /Homeworks
Midterm Exam 1
Final Exam
Research Review

Prepared By:

Jülide Yıldırım Öcal

Revised By: