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170: Econ Health Economics, Fall 2008 Thomas G. Koch, NH 2013 koch.at.econ.ucsb.edu econ.ucsb.edu/ koch Class: TR 12:30-1:45 PM in Webb 1100 O ce Hours: TR 2-3 PM Final Exam: Tuesday, December 9 at 12-3 PM Introduction Why is health care so expensive? Why has it gotten more expensive? Is it money well spent? Whose plan to save or x health care in the US is the best? This course develops a basic economics toolkit to answer these and other questions. A student who successfully completes this course will be able to explain patterns in health and health care using concepts from microeconomics, and describe why markets may succeed or fail at providing socially e cient outcomes. Textbook The Economics of Health and Health Care, 5th Edition by Folland, Goodman and Stano. This book is the key resource for the class. It should be available for sale in the student bookstore, as well as on-line. Course outline Date Topic September 25 Chapter 1 30 Chapter 2 October 2 Chapter 3 7 , Quiz 1 due 9 Chapter 4 14 Chapter 6, Quiz 2 due 16 Chapter 7 21 Exam 1 23 Chapter 8 28 Date November 30 4 6 11 13 18 20 25 27 2 4 Topic Chapter 9 Chapter 11, Quiz 3 due Chapter 12 Veterans Day, Holiday Chapter 16, Quiz 4 due Exam 2 Chapter 17 Chapter 18 Thanksgiving Holiday Chapter 22 Review, Writing Assignment due December Assessment A student s numerical grade is determined by his or her performance on (a) four take-home quizzes, worth ve points each; (b) two exams, worth fteen points each; (c) the nal exam, worth thirty points, (d) and a writing assignment, worth twenty points. The course outline above describes when the two exams will be held, and four quizzes are due. 1 Writing Assignment With the election season upon us, many politicians are proposing remedies xes and for the US health care system. Your assignment in this paper is to evaluate the plan, or one speci c aspect of a plan, of a politician or an organization advocating a policy change for the US health care system. Evaluation must be made using the economic concepts we have developed in class. The paper is to be less than one thousand words, so it makes sense to be as narrow as possible. The paper is due the last day of class. Class Policies I hold two hours of o ce hours a week so that students have ample opportunity to ask questions about the course material and administration. I may also be available other times if you have a scheduling con ict with o ce hours. Otherwise, the best way to contact me regarding class administration is via the e-mail address listed above. If you have a question about the course material, you should come to o ce hours. Make-up exams will not be made available for students unable to make the listed date. If you are unable to take an exam on the date listed, contact the instructor as soon as the con ict is discovered. Per the university s policy on academic conduct, all academic dishonesty, such as plagiarism and other forms of cheating, will be strictly policed and be met with disciplinary actions. Students with disabilities will be accorded academic accommodations. If you have a disability, let the instructor know at the beginning of the semester. Accommodations will be made through the Disabled Students Program at UC-SB. Quizzes will not be accepted after their due date without prior approval. All submitted work must be either typed or legible. Attendance is not required. However, any student who hopes to do well in this class should expect to attend every class, alert and ready to learn. 2
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UCSB >> ECON >> 100a (Fall, 2008)
Econ 100A, Fall 2008 Thomas G. Koch, NH 2013 koch.at.econ.ucsb.edu econ.ucsb.edu/koch Lecture: MW 2-3:15 Chem 1179 Oce Hours: TR 2-3 PM Final Exam: Tuesday, December 9 at 4-7 PM Prerequisites Economics 1 and 2, or Economics 109; PSTAT 5; and Mathemat...
UCSB >> ECON >> 100a (Fall, 2008)
PROPERTIES OF DEMAND 1/4/2008 1 Question 1 Suppose my prefs over good1 and good 2 exhibit diminishing MRS. Suppose good 1 is twice as expensive (per unit) as good 2. Suppose MRS(x1\', x2\')=3 at some bundle (x1\', x2\'). I should consume: M...
UCSB >> ECON >> 100a (Fall, 2008)
Lecture 2 1/10/2008 1/4/2008 1 Indifference Curves and Monotonicity Bananas (Xb) 4 (2, 4) 2 Apples (Xa) Monotonic preferences imply \"more\" of any given good is always preferred to less of that SAME good. This is the same thing as sayng th...
UCSB >> ECON >> 104a (Winter, 2008)
Review Review of microeconomics Supply/demand analysis Efficiency of competitive equilibrium Application to sugar quotas in the US Economic efficiency and policy analysis Missing markets, externalities and corrective policy Property rights Int...
UCSB >> ECON >> 114 (Summer, 2008)
Chance and Irrationality in Demand Theory Javier A. Birchenall University of California at Santa Barbara September 10, 2008 Abstract This paper generalizes the class of models of irrational behavior proposed by Gary Becker (Journal of Political Eco...
UCSB >> ECON >> 140b (Fall, 2008)
University of California Department of Economics Economics 140B Problem Set II Due Wednesday, January 14 1. Consider the linear regression model with a lagged dependent variable Yt = Xt + Yt-1 + t , t = 1,.,T. Winter 1998 D. Steigerwald t = ut + ut...
UCSB >> ECON >> 155 (Fall, 2008)
1 Econ155S08Exam1 data 0.9 0.8 0.7 Cumulative probability 0.6 0.5 0.4 0.3 0.2 0.1 0 4 6 8 Data 10 12 14 ...
UCSB >> ECON >> 191fm (Winter, 2008)
CFO Career Grid Corporate Crossfunctional International New Co.s Manager Entry Development of Finance Audit Acct. Cost Planning, Business Tax Accnt. Reporting, Analysis, Investor Treasury Relations Strategic Planning Functional Evolution McKinsey Co...
UCSB >> ECON >> 196a (Fall, 2008)
Solutions for Public Finance problem sets By Anita Gantner and Sofia Franco Chapter 2: Public goods and Private goods Exercise 2.1 (a) The equation implied by the Samuelson condition requires that: 1000 i =1 MRS i = m arg inal cos t of public g...
UCSB >> ECON >> 196a (Fall, 2008)
Solutions to the Exercises in Public Finance 1 Chapter 1 1.1 (a) see graph (b) (10,15) is Pareto optimal since it represents Bruce\'s bliss point. Any move- ment away from this point would make him worse o . The P.O. set is the line segment T = 5+C,...
UCSB >> ECON >> 196a (Fall, 2008)
5 5.1 (a) (b) Chapter 5 see graph At an interior solution: MRSE = MRSF From their respective utility functions, we solve for S: r BE S= 2 Thus, the set of interior P.O. allocations is fBE > 0 BF > 0 S = S = B2E g: The corner solutions are r p fB...
UCSB >> ECON >> 196a (Fall, 2008)
Chapter 11 The Groves-Clarke Mechanism Let there be one private good and one public good. Consumer i has the utility function Ui (Xi , Y ) = Xi + Fi (Y ) (11.1) where Xi is his private good consumption and Y is the amount of public good. Each i has ...
UCSB >> ECON >> 196a (Fall, 2008)
Chapter 7: Congestion Exercise 7.1 a) If preferences are quasilinear then in every Pareto Optimal allocation in which all consumers consume Big Macs there is the same amount of driving for each i and the total amount of highway expenditures. The set ...
UCSB >> ECON >> 196a (Fall, 2008)
Perm # 7402639 7409303 7583727 7684749 7583362 7377260 5776513 7407281 7637143 7660038 7684574 7660681 Grade Student Last tudent First Middle S Email Major1 HW1 DEANGELO GREGORY JOSEPH gjd@umail.ucsb.edu ECON 2 GRAINGER CORBETT ALDEN cgrainger@u...
UCSB >> ECON >> 196a (Fall, 2008)
Journal of Public Economics 4 (1975) 21 I-226.0 North-Holland Publishing Company INCENTIVES Theodore AND PUBLIC and Martin INPUTS* LOEB GROVES Graduate School of Management, Northwestern University, Evanston, and State CTniversity of New York,...
UCSB >> ECON >> 196a (Fall, 2008)
Solutions for Public Finance problem sets 1. Chapter 1: A Primitive Public Economy Exercise 1.1 (a) As we can see Annes preferences and Bruces preferences are represented by utility functions that are the equations for circles. In the case of Annes p...
UCSB >> ECON >> 196a (Fall, 2008)
Free Labor for Costly Journals? Theodore C. Bergstrom1 tedb@econ.ucsb.edu March 20, 2001 1 Theodore C. Bergstrom is the Aaron and Cherie Raznick Professor of Economics, University of California at Santa Barbara, Santa Barbara, California. There i...
UCSB >> ECON >> 196a (Fall, 2008)
On an Early Result on Stability and Complexity Andrew R. Solow; Christopher Costello; Andrew Beet The American Naturalist, Vol. 154, No. 5. (Nov., 1999), pp. 587-588. Stable URL: http:/links.jstor.org/sici?sici=0003-0147%28199911%29154%3A5%3C587%3AOA...
UCSB >> ENV S >> 196 (Fall, 2008)
On an Early Result on Stability and Complexity Andrew R. Solow; Christopher Costello; Andrew Beet The American Naturalist, Vol. 154, No. 5. (Nov., 1999), pp. 587-588. Stable URL: http:/links.jstor.org/sici?sici=0003-0147%28199911%29154%3A5%3C587%3AOA...
UCSB >> ECON >> 230b (Winter, 2008)
E is*rfuf u ji g irrfFff#gff*g $\'rg$f; sffi H3f,fgj # fffu,*r$f gffgf\'u;\' r. F8:uIg* *;ur$g T3 rtsf $F;$;fg;gfgg j$ i.g# sff gr; gs gggggffFf t Z SEEI rai[i?t:r;se,i;ii at*i [E*;Fr, +i*u? it i:sf qEgEi iiiI I{iE E giE Eg3tg I H Ei3iliE$ii\'i* e siEe...
UCSB >> ECON >> 230b (Winter, 2008)
Chapter 8 Models of Highway Congestion The Bottleneck Model The model considered here was developed by William Vickrey. My discussion is largely a restatement of results found in an excellent paper by Arnott, De Palma and Lindsey in the March 1993 A...
UCSB >> ECON >> 230b (Winter, 2008)
Economics Experiment Are you interested in participating in an economics experiment where you will have chance to win a new iPod Touch (with video, wireless internet and 16GB storage) ? The experiment involves answering multiple-choice questions base...
UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
I The Economics of Traffic Congestion Rush-hour driving strategies that maximize an individual drivers convenience may contribute to overall congestion Richard Arnott and Kenneth Small T raffle congestion has become one of the plagues of modem li...
UCSB >> ECON >> 230b (Winter, 2008)
Contents 2 Public Goods and Private Goods One Public Good, One Private Good . . . . . . . . . . An Intriguing, but Generally Illegal Diagram . . . . . A Family of Special Cases Quasilinear Utility . . . . Example 2.1 . . . . . . . . . . . . . . . . ...
UCSB >> ECON >> 230b (Winter, 2008)
Second Quiz, Econ 100B, May 2006 You will not need a scantron. Fill in all your answers on this sheet. For each true-false or multiple choice question, a correct answer is worth 5 points, an answer left blank is worth 2 points. Blank answers in the l...
UCSB >> ECON >> 230b (Winter, 2008)
Journal of Economic Literature Vol. XXXIV (December 1996), pp. 19031934 Bergstrom: Economics in a Family Way Economics in a Family Way THEODORE C. BERGSTROM University of Michigan The author is grateful to Carl Bergstrom, Laura Betzig, Hillard Kapla...
UCSB >> ECON >> 230b (Winter, 2008)
Economics in a Family Way Ted Bergstrom Department of Economics University of Michigan Directory Table of Contents. Begin Article. Copyright c 1999 Last Revision Date: February 3, 2000 Abstract This paper argues that the economics of the family ...
UCSB >> ECON >> 230b (Winter, 2008)
Primogeniture, Monogamy and Reproductive Success in a Stratied Society by Theodore C. Bergstrom University of Michigan Current version: October 3, 1994 Abstract. This paper explores the workings of stratied societies in which there is primogeniture...
UCSB >> ECON >> 230b (Winter, 2008)
Lecture Notes on the Elasticity of Substitution Ted Bergstrom UCSB Econ 210A Todays featured guest is the elasticity of substitution. Elasticity of a function of a single variable Before we meet this guest, let us spend a bit of time with a slightly...
UCSB >> ECON >> 230b (Winter, 2008)
Chapter 37 NAMF Introduction. The economics of information and incentives is a relatively new branch of microeconomics, in which much intriguing work is going on. This chapter shows you a sample of these problems and the way that economists think a...
UCSB >> ECON >> 230b (Winter, 2008)
Led Zeppelin Demand in Econ 1 Number Quantity Revenue Value to Cumulative Price demanders Demanded Buyers Value 1000 6 6 6000 9000 9000 750 3 9 6750 2250 11250 700 1 10 7000 700 11950 600 2 12 7200 1200 13150 500 4 16 8000 2000 15150 400 1 17 6800 40...
UCSB >> ECON >> 230b (Winter, 2008)
Bids where both bidders saw zeroes Bids where one bidder say three and other saw zero bidder who bidder who saw zero saw 3 0 2 2 3 3 3 2 3 3 6 2 3.5 1.5 4 1 4 1.5 4 1 4 1 5 bids where both bidders saw 3 High bid 1 2 Low bid 0 0 High bid 3 4.5 4....
UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
19. Incentives In many economictransactions,one party takes actions that affect the welfare of anotherparty, actions that cannotbe specifiedcontractually.The actions chosen by the first partyare determinedbythe incentiveshe or shefaces, and the sec...
UCSB >> ECON >> 230b (Winter, 2008)
Contents 4 Lindahl Equilibrium Lindahl Equilibrium in a Small Community Lindahl Equilibrium More Generally . . . . How are Public Goods Like Sheep? . . . . . Deceptions Ugly Head . . . . . . . . . . . . Exercises . . . . . . . . . . . . . . . . . . ....
UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
Experiments with Economic Principles: Macroeconomics Theodore Bergstrom UCSB John H. Miller Carnegie Mellon University May 8, 2000 c 2000. ii Contents 1 Innovation, Employment and Wages Hot Dogs and Buns . . . . . . . . . . . . . . . . Selling Join...
UCSB >> ECON >> 230b (Winter, 2008)
Journal of Public Economics 4 (1975) 21 I-226.0 North-Holland Publishing Company INCENTIVES Theodore AND PUBLIC and Martin INPUTS* LOEB GROVES Graduate School of Management, Northwestern University, Evanston, and State CTniversity of New York,...
UCSB >> ECON >> 230b (Winter, 2008)
The Journal of LAW ECONOM ICS VOLUME III OCTOBER 1960 THE PROBLEM OF SOCIAL COST R. H. COASE University of Virginia I. THE PROBLEM To BE EXAMINEDt HIS paper is concerned with those actions of business firms which have harmful effects on others. Th...
UCSB >> ECON >> 230b (Winter, 2008)
Name Form Type A Econ 100B First Quiz April 27, 2006 True-False Questions Answer A for True, B for false. Fill in the bubbles on your scantron with your perm number, your name, and the form type. You must use a pencil, not a pen. Students who do ...
UCSB >> ECON >> 230b (Winter, 2008)
Table Relationships for Journal Values Database As of 1/7/2009 ...
UCSB >> ECON >> 230b (Winter, 2008)
A Definition of Subjective Probability F. J. Anscombe; R. J. Aumann The Annals of Mathematical Statistics, Vol. 34, No. 1. (Mar., 1963), pp. 199-205. Stable URL: http:/links.jstor.org/sici?sici=0003-4851%28196303%2934%3A1%3C199%3AADOSP%3E2.0.CO%3B2-8...
UCSB >> ECON >> 230b (Winter, 2008)
Name form D Econ 1 First midterm October, 2007 We will award 5 points for doing the following correctly. FILL IN THE BUBBLES on your scantron for your name, your perm number, and the test form type. Use pencil only. All bubbles must be completely ll...
UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
We all recognize that information technology has revolutionized the way we produce and consume. Some think that it is necessary to have a new economics to understand this New Economy. We think not. The economic tools that you have learned in this cou...
UCSB >> ECON >> 230b (Winter, 2008)
Economics 109 Supply and Demand 25 30 25 20 Price 15 10 5 0 0 Demand and Supply 5 10 15 20 25 30 35 40 45 50 Quantity Economics 109 Supply and Demand 24 15 10 Price 5 0 The Soy Bean Market 0 5 10 15 20 25 30 35 40 45 50 Quantity Econom...
UCSB >> ECON >> 230b (Winter, 2008)
Solution Set B-1 - Economic Allocation Mechanisms 1. Show that with strong preferences the jungle equilibrium is unique. Let a = (a (i)i=1;:;n be the jungle equilibrium allocation achieved by using the algorithm in the notes (the agents choose the ho...
UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ECON >> 230b (Winter, 2008)
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UCSB >> ME >> 215a (Fall, 2008)
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UCSB >> PHYS >> 215a (Fall, 2008)
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UCSB >> ME >> 215a (Fall, 2008)
PHYSICS 215A: QUANTUM MECHANICS FINAL EXAM, FALL 2008 The exam consists of four questions. Answer all of them to obtain full credit. 1. Consider the one dimensional motion of a particle of mass m moving in a potential energy well for x a 0 V0 (x ...
UCSB >> PHYS >> 215a (Fall, 2008)
PHYSICS 215A: QUANTUM MECHANICS FINAL EXAM, FALL 2008 The exam consists of four questions. Answer all of them to obtain full credit. 1. Consider the one dimensional motion of a particle of mass m moving in a potential energy well for x a 0 V0 (x ...
UCSB >> ME >> 215a (Fall, 2008)
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UCSB >> PHYS >> 215a (Fall, 2008)
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UCSB >> ME >> 252a (Winter, 2008)
Fault-Tolerant Computing Dealing with High-Level Impairments Nov. 2007 Degradation Management and Reversal Slide 1 About This Presentation This presentation has been prepared for the graduate course ECE 257A (Fault-Tolerant Computing) by Behrooz ...
UCSB >> ME >> 252a (Winter, 2008)
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UCSB >> ME >> 252a (Winter, 2008)
Fault-Tolerant Computing Dealing with Mid-Level Impairments Oct. 2007 Error Detection Slide 1 About This Presentation This presentation has been prepared for the graduate course ECE 257A (Fault-Tolerant Computing) by Behrooz Parhami, Professor of...
UCSB >> ME >> 252a (Winter, 2008)
Optimal-Depth Threshold Circuits for Multiplication and Related Problems Chi-Hsiang Yeh Dept. of Electrical Comp...
UCSB >> ME >> 252a (Winter, 2008)
74 IEEE TRANSACTIONS ON PARALLEL AND DISTRIBUTED SYSTEMS, VOL. 12, NO. 1, JANUARY 2001 A Unified Formulation of Honeycomb and Diamond Networks Behrooz Parhami, Fellow, IEEE, and Ding-Ming Kwai AbstractHoneycomb and diamond networks have been pro...
UCSB >> ME >> 252a (Winter, 2008)
Area and Tilings A Lesson in the Math + Fun! Series June 2007 Area and Tilings Slide 1 About This Presentation This presentation is part of the Math + Fun! series devised by Behrooz Parhami, Professor of Computer Engineering at University of Cali...
UCSB >> ME >> 252a (Winter, 2008)
Placement and Routing A Lecture in CE Freshman Seminar Series: Ten Puzzling Problems in Computer Engineering Apr. 2008 Placement and Routing Slide 1 About This Presentation This presentation belongs to the lecture series entitled Ten Puzzling Pro...
UCSB >> ME >> 252a (Winter, 2008)
Houses and Utilities: Warm-up Version There are n houses on one side of a street and 2 utility companies on the other. Connect each utility facility to every house via lines of any desired shape such that the lines do not intersect. Problem interpre...
UCSB >> ME >> 252a (Winter, 2008)
Double-least-signicant-bits 2s-complement number representation scheme with bitwise complementation and symmetric range B. Parhami Abstract: A scheme is proposed for representing 2s-complement binary numbers in which there are two least-signicant bit...
UCSB >> ME >> 252a (Winter, 2008)
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UCSB >> ME >> 252a (Winter, 2008)
Easy, Hard, Impossible! A Lecture in CE Freshman Seminar Series: Ten Puzzling Problems in Computer Engineering Apr. 2007 Easy, Hard, Impossible! Slide 1 About This Presentation This presentation belongs to the lecture series entitled Ten Puzzling...
UCSB >> ME >> 252a (Winter, 2008)
Application of Perfect Difference Sets to the Design of Efficient and Robust Interconnection Networks Behrooz Parhami Dept. of Electrical & Computer Engineering University of California Santa Barbara, CA 93106-9560, USA Mikhail Rakov Dept. of Comput...
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