ECON 315: Economics In Health Care

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Class Program

Economics

Credits

Weekly Contact Hours

Course ID

091563

Meets Degree Requirements For

Social Science

Description

Explores principles of micro and macroeconomics as applied to the healthcare industry; examines how healthcare demand differs from other goods. Major topics include: cost-benefit of marketing and government solutions to healthcare issues, the role risk plays in supply and demand of health insurance, and impacts on private-profit and socio-economic well-being.

Grading Basis

Graded

Course Learning Outcomes

Explain the role of economics in the healthcare industry.

Apply economic principles and tools as it relates to the production and distribution of medical services.

Evaluate the impact of health insurance and alternative plans on the financing and delivery of health services.

Analyze stakeholders (e.g., drug companies, physicians, hospitals) effect on the emerging issues related to the quality and cost of healthcare.

Examine government regulation and competition on the operation and performance of the health care industry.

Core Topics

Introduction to Health Care Economics
Cost Perspectives
Importance of Health Insurance
Role of the Physician and Hospital in Healthcare Economics
Alternative Care
Pharmaceutical Industry
Trends in Healthcare Economics
Financial reporting and budgeting
Health financing and reimbursement
Consumerism and advocacy