Economics of Healthcare - Introductory AS Microeconomics

I won’t be alone in choosing the thorny issue of healthcare as an introductory topic in AS microeconomics when we kick off next week. The agenda is vast and it is a topic that can be returned to on a regular basis as students accumulate a body of knowledge, concepts and fine-tune their evaluation skills. There is a streamed presentation available here

Initially I will focus on

Healthcare needs and wants and how these vary from country to country and change over time

*Factor inputs used in health care, capital-labour mix and introductory cost ideas
*Positive and normative statements
*Scarcity, choice, opportunity cost and applying the PPF concept to healthcare
*Different types of rationing and resource allocation mechanisms
*A brief look at comparative health care systems in the UK, France and the USA - touching on Obama’s proposed reforms
* Measuring health outcomes, introducing the concepts of equity and efficiency

I will return to market and government failure and intervention issues later on.

Wake up with today’s latest news and support

Subscribe to our daily digest and get today’s content delivered fresh to your inbox every morning.

Or follow us

Explore tutor2u