Usually communicated initially from animals
to humans (zoonosis)
If it then becomes transferrable from human
to human, then it can develop into a
pandemic, depending on many conditions.
What is insurance?
Sharing of risk
Note The risk doesnt disappear it is just moved around
Think about 100 people, all of whom face a one in one hundred
risk of illness. This illness would cost $50,000 to cure.
The loss of $50,000 would
IN HEALTH SERVICES
Lecture Outline and Objectives:
Methods of Economic Evaluation
Valuing a Human Life
Approaches to valuing a statistical life
Leave out elasticity
Lecture Outline and Objectives - 1
What is an economic model?
Properties of markets
Scarcity and markets
Lecture Outline and Objective
The Macroeconomics of Health
What is Macroeconomics?
The study of the overall quantities of goods
and services produced and consumed in
Gross Domestic Product (GDP) the value
of all the goods and services produced in
Scarcity and Economic Analysis
the concept of scarcity
The value of a human life
What should the objective of a health system
Economics is all about scarcity and
Economics is all about scarcit