PAM 6410

Health Economics I

Course Description

Course information provided by the 2015-2016 Catalog.

Comprehensive course covering microeconomic theory and its application to health and health care markets. Topics include consumer decision making, the theory of the firm, welfare economics, monopolies and oligopolies, and market imperfections. Applications in health economics include the demand for health, rational addiction, the industrial organization of health care, cost-effectiveness analysis, price discrimination by health care providers, how consumers respond to information about health care, adverse selection in health insurance, and the moral hazard created by physician compensation strategies. Each student writes a research paper, testing predictions from microeconomic theory by acquiring suitable data and estimating the appropriate econometric model, and presents his or her findings in a research seminar.

Prerequisites/Corequisites Prerequisite: Ph.D.-level courses in microeconomic theory and econometrics.

When Offered Fall.

Comments First course in Ph.D.-level health economics sequence.

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