RUTGERS UNIVERSITY, THE STATE UNIVERSITY OF NEW JERSEY
Department of Economics --CCAS
Economics of Health and Health Care

Subject: 220 Course: 316 Section: 01

Prof. Yamada
Office: Room ATG. #330
Tel: 856-225-6025
TA: Chia-Ching Chen, M.A. and M.S. cc2004@columbia.edu

Class room: Armitage Hall 208   Tuesday and Thursday 11:00am—12:20pm
Office hours: Tuesday and Thursday
(10:00AM–11:00AM; 12:20PM-1:20PM; 4:20PM–5:20PM or by appointment)


General Course Objective:
Economics of health and health care has been developing and expanding in its theory and applications over the last decade. This field has a wide range of policy implications in business and public areas, in addition to the healthcare industry. The purpose of this course is to develop/ strengthen the student's ability to use economic concepts and theories to analyze healthcare and health related issues and to inform decision making and policy development.

Upon completion of the course, each student will:
          1. Understand health, health care and its market by using basic economic tools.
          2. Identify its theories and applications.
          3. Analyze healthcare issues.
          4. Analyze demand for healthcare services, and increasing health care costs.
          5. Demonstrate influences of health care costs on consumers.
          6. Describe hospital’s and physician’s behavior.
          7. Understand insurance and managed care (HMO).
          8. Describe health care financing, long-term cares
          9. Analyze pharmaceutical market and its products, health care industry.
          10. Examine cost-benefit and effectiveness analysis, government policy and health care system.
          11. Understand decision making and policy development.

Textbook:

Rexford Santerre and Stephen Neun, Health Economics: Theories, Insights and Industry Studies (3rd Edition), South-Western/Thomson, 2004.

Supplementary Readings:

Baker and Baker, Health Care Finance: Basic Tools for Nonfinancial Managers, Aspen Publication, 2003.

The Future of the Public Health in the 21st Century, Institute of Medicine, National Academics Press, Washington D.C., 2003

Fuchs, Victor R. "What is Health Economics?" in The Future of Health Policy. Boston: Harvard University Press. August 1998

Content Outline:

Topics

 

Chapters

1.

Introduction: What is Health Economics?

1

2.

Health, health care, production of health

2

3.

Cost and benefit analysis, cost-effective analysis

3

4.

Health care system, reimbursement, physician choice

4

5.

Demand for healthcare services, moral hazard, healthcare spending

5

6.

Healthcare insurance, managed care

6

7.

Healthcare production costs, hospital admissions, cost minimization

7

8.

Healthcare market analysis, market behavior

8

9.

Government roles, health, health care, substance abuse

9-10

10.

Health insurance industry, pricing

11

11.

Physician services industry, physician behaviors

12

12.

Hospital services industry, structure, market

13

13.

Pharmaceutical industry, R&D, competition

14

14.

Healthcare reform, national health insurance

16

15.

Long-term care industry, formal and informal care

15

Course Requirement:

1. Ten examinations will be given; quizzes and homework are included. The examinations will be announced approximately one week in advance. Make-ups will not be given unless the instructor is consulted in advance and permission is given or unless extraordinary circumstances arise (as judged by the instructor) which prevent advance contact.
2. I expect you to attend class regularly. It has been my experience that students who miss classes generally have great difficulty in learning the material. Class participation is directly factored into the final grade and it will also be considered in borderline cases.
3. Timely completion of all assignments. I accept your assignments by hand. Don’t submit your assignments by email.

Grading

55% - Examinations
20% - Attendance/Participation
15% - Presentation
10% - Paper/Report

Note to Students:

To obtain maximum benefit from the course you should do the assigned readings prior to the class and attend the lectures. Specific questions and dates for quizzes, and homework will be given in conjunction with the topics. Academic honesty shall be maintained in accordance with University policy.



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This page was last updated on 06/3/2004