Slides1 - Greetings What is Health Economics Course Topics Course Mechanics HPAM8600 Health Economics Angela Fertig Spring 2010 Angela Fertig

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Greetings What is Health Economics? Course Topics Course Mechanics HPAM8600: Health Economics Angela Fertig Spring 2010 Angela Fertig HPAM8600: Health Economics Greetings What is Health Economics? Course Topics Course Mechanics Greetings 1. Name? 2. What program or year? 3. Why are you taking this course? Angela Fertig HPAM8600: Health Economics Greetings What is Health Economics? Course Topics Course Mechanics What is Health Economics? I What is Economics? I Origin of economy: Greek for ‘one who manages a household’ I Defn of economics: the study of how society manages its scarce resources I What is Microeconomics? I The study of individual households and firms and how they interact in markets I Macro: the study of economy-wide phenomena Angela Fertig HPAM8600: Health Economics Greetings What is Health Economics? Course Topics Course Mechanics What is Health Economics? Studying the health economy using certain characteristic approaches used by economists: I Models – like a map, simplifying assumptions I Concepts: I Choices involve trade-offs I What did you give up to go to school? I Rent/food vs. medicine I Biggest in economics: efficiency vs. equity I Choices involve opportunity costs: total cost = I what you pay (doctor bill) I what you give up (lost wages) Angela Fertig HPAM8600: Health Economics Greetings What is Health Economics? Course Topics Course Mechanics What is Health Economics? Concepts, continued I Rational people make decisions at the margin I Proceed only if marginal benefit > marginal cost I One more year of school if benefit of another year exceeds costs of another year I One more doctor visit if benefit of additional visit exceeds costs of additional visit I Decisions are made in response to incentives I Old welfare system encouraged single mothers I seat belt laws encourage unsafe driving I Medicaid encourages uninsurance I Trade can make everyone better off - comparative advantage...
View Full Document

This note was uploaded on 01/18/2012 for the course HPAM 8600 taught by Professor Ferig during the Spring '11 term at University of Georgia Athens.

Page1 / 19

Slides1 - Greetings What is Health Economics Course Topics Course Mechanics HPAM8600 Health Economics Angela Fertig Spring 2010 Angela Fertig

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online