Lecture 2a - 2017.pdf - Applied Health Economics Lecture 2...

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Applied Health Economics Lecture 2: Demand for Health Christopher J Gerry Centre for Health Economics, Management and Policy 11 th November 2017 [email protected]
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Contents Coursework Demand for health care Elasticities Impact of price on health The Grossman model Mechanics Predictions Critique
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Coursework In groups of no more than 3 you have to address, through thinking, writing, presenting, an answer to one of three projects. You MUST submit your group members names and project choice by 10.00 am November 21 st It CANNOT change after that point You must then submit your written project and present your project orally within the seminar groups by December 16 th
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Coursework 1. Project 1 : Carefully justify, design, execute and assess the results of a health economics experiment or survey tool (it can adapt an existing experiment or survey tool but must do so in an original way). The more original, relevant and innovative the better. 2. Project 2 : Conduct a critical economic analysis of a specific country’s mode of financing it’s health system. You should identify and discuss both the economic arguments in favour of and against organising it in this manner. You may choose to focus on particular elements of the system or the financing method in general. In your oral presentation you should present the results in the form of a debate.
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Coursework 3. Project 3 : Your team are commissioned by the health ministry of a particular country. You are asked to produce a short but accessible health profile of that country and to identify one major health challenge facing that country, explaining precisely why you think this to be the major challenge. Having identified the challenge you must then outline an economic policy that will help to address this challenge. Good policies have rapid short-run returns, offend the least number of stakeholders and provide a good long-term solution. Not a trivial task!
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What is health? Health is consumed Health is produced via a production function Health is an input into the production process Health is an asset, of which we have an evolving stock Health has implications for efficiency ( efficiency motive ) Health has implications for equity ( equity motive )
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What is Health Economics? Health economics is the discipline of economics applied to the topic of health . Salient features of health economics: Presence and extent of uncertainty, Asymmetric information and problems of information in general, Externalities, Government intervention (legislation, subsidies and public provision) Different forms of corporate governance The role of equity and need
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