JEM206 - Introduction into Health Economics

Credit: 2
Status: Bachelors - All
Bachelors - elective
BEF - elective
CSF - elective
EEI and EP - elective
ET - elective
Masters - all
MEF - elective
Semester - winter
Course supervisors: Dr. Olena Stavrunova
Course homepage: JEM206
Literature: Health Economics, Jay Battacharya, Timothy Hyde, and Peter Tu, 1st Edition, Palgrave Macmillan, 2014.
Chapters 2, 3, 5, 6, 7, 8, 9, 10, 11, 16, 17, 18
Suggested Additional Readings:
Einav, L., A. Finkelstein and J. Levin (2010): "Beyond Testing: Empirical Models Insurance Markets," Annual Review of Economics 2010( 2), 311–36
Einav, L. and A. Finkelstein, “Selection in Insurance Markets: Theory and Empirics in Pictures” Journal of Economic Perspectives, 2011, 25(1): 115-138.
Bhargava, S., G. Loewenstein, and J. Sydnor (2017): “Choose to Lose: Health Plan Choices from a Menu with Dominated Options” The Quarterly Journal of Economics, 132(3), 1319–1372
Handel, B. and J. Schwartzstein (2018): “Frictions or Mental Gaps What's Behind the Information We (Don't) Use and When Do We Care?” The Journal of Economic Perspectives, Vol. 32, No. 1, 155-178.

Baicker, K., Mullainathan, S., and Schwartzstein, J. (2015): Behavioral Hazard in Health Insurance. Quarterly Journal of Economics, 130, 1623–1667.

Cutler, D. and Ly, D. “The (Paper) Work of Medicine: Understanding International Medical Costs,” Journal of Economic Perspectives, 2011.

“The U.S. Health System in Perspective: A Comparison of Twelve Industrialized Nations,” The Commonwealth Fund, July 2011.
Gruber, J. Health Care Reform: What It Is, Why It's Necessary, How It Works. 2012.

Kaiser Family Foundation: Summary of the Affordable Care Act
Description: Presented by A/Prof. Olena Stavrunova, University of Technology Sydney
In this course the students will learn how to use the methods of microeconomic analysis for understanding the key properties of health care markets, the conditions under which these markets can and cannot function efficiently, and to economically evaluate policies designed to improve functioning of these markets in a variety of health care systems. The course will use the insights from many fields of economics, such as public economics, labour economics, industrial organisation, behavioural economics and econometrics to analyse incentives, behaviour and interactions of key participants in the health care markets and the effects of government policies on these behaviours.



December 2021




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