HCM 3610 - Health Care Economics (3)

When Offered: Spring
In this course, students will have the opportunity to apply standard microeconomic principles of demand and supply to explore and analyze the functioning of the U.S. health care sector. Successful students will use these economic tools to understand and evaluate the production or supply of health and health care and the demand for health and health care based on the theory of utility maximization. Students will also have the opportunity to apply the concepts of adverse selection and moral hazard to understand the traditional health insurance market and how those change in the context of managed care while learning about different types of market structure that pertain to medical care providers. Finally, students will have the opportunity to explore the role of the Government and the Affordable Care Act. By the end of this semester, successful students should be able to analyze important issues in the U.S. health care sector from an “economic” perspective.
Prerequisite: ECO 2030 with a minimum grade of C- (1.7).