Description
This is a course in applied microeconomics. It is designed for students who already understand basic consumer and producer theory, and focuses on how health care markets differ from other markets. Because of asymmetric information, uncertainty, government involvement, externalities, and models of care and reimbursement, the economics of the health care sector and its players (patients, providers, insurers, employers, and government) require a special analysis.
Information about the proposed legislative models and the integration and affliction of systems is discussed. The student will learn how to apply microeconomic tools to study the medical care system and analyze the economic aspects of health care policy implications.