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PUBH735 The Economics of Health Policy Decision Making

Principles of economic decision making in health including microeconomic foundations, demand and supply analysis, taxation, subsidies and policy options of health care, market failures and evaluation of health systems performance.

This paper provides insights into the economic policy tools available to regulate and incentivise health care market issues. Students will be introduced to concepts of health care markets, competition and efficiency. Skills will be provided to analyse costs of health care services, including marginal and opportunity costs. Health care markets and market failure will be covered, including problems with health insurance, information asymmetry, adverse selection, externalities and monopolies. Students will obtain skills in analysing the advantages and disadvantages of policy options, including payment incentives/disincentives, co-payments, capitation, taxation, subsidies and regulation. Case-studies will include taxation of tobacco and alcohol.

Paper title The Economics of Health Policy Decision Making
Paper code PUBH735
Subject Public Health
EFTS 0.1250
Points 15 points
Teaching period(s) 1st Non standard period (27 February 2017 - 14 April 2017), 1st Non standard period (27 February 2017 - 14 April 2017), 1st Non standard period (27 February 2017 - 14 April 2017)
Domestic Tuition Fees (NZD) $1,346.38
International Tuition Fees (NZD) $4,562.50

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Restriction
PUBH 704
Limited to
MA, MHealSc, MPH, MSc, DPH, PGDipArts, PGDipHealMgt, PGDipHealSc, PGDipPHC, PGCertPH, PGCertPHC
Notes
(i) PGCertPHC and PGDipPHC students require approval from the Board of Studies in Primary Health Care to enrol for this paper. (ii) This paper runs for the first half of first semester.
Eligibility
Students who have completed an undergraduate degree in any discipline or recognised equivalent
Contact
Wellington Campus: publichealth.uow@otago.ac.nz
Christchurch Campus: publichealth.uoc@otago.ac.nz
Dunedin Campus: postgrad.publichealthdunedin@otago.ac.nz
Teaching staff
Wellington Campus: William Leung
Christchurch Campus: Dr Ian Sheerin (Overall Convenor)
Dunedin Campus: Dr Trudy Sullivan
Paper Structure
Topics:
  1. Introduction to health economics, cost analysis, demand and supply analysis
  2. Demand theory and analysis of policy options
  3. Health care markets and market failure
  4. Regulating the supply of medical care - issues in training and immigration
  5. Policy options and market mechanisms for health care supply
  6. Objectives of health services and analysing their performance
Assessment:
  • Assignment 40%
  • Exam 60%
Teaching Arrangements
Friday mornings 9.00 am - 12.00 pm
Textbooks
Text to be confirmed. Please contact the Department.
Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Students who successfully complete the paper will
  • Demonstrate and apply understanding of the economic context in which health services function, with particular reference to publicly funded health services in New Zealand
  • Demonstrate and apply understanding of some basic microeconomic principles and concepts to selected issues in health care decision making
  • Apply economic analysis to selected problematic issues in health care markets and to options for government policy and regulation
  • Demonstrate and apply economic analysis of selected types of health care markets, economic incentives, disincentives, payment options and different systems of financing health services

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Timetable

1st Non standard period (27 February 2017 - 14 April 2017)

Location
Christchurch
Teaching method
This paper is taught On Campus
Learning management system
Moodle

1st Non standard period (27 February 2017 - 14 April 2017)

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Moodle

Lecture

Stream Days Times Weeks
Attend
A1 Friday 09:00-11:50 9-14

1st Non standard period (27 February 2017 - 14 April 2017)

Location
Wellington
Teaching method
This paper is taught On Campus
Learning management system
Moodle

Principles of economic decision making in health including microeconomic foundations, demand and supply analysis, taxation, subsidies and policy options of health care, market failures and evaluation of health systems performance.

In this paper, students will be introduced to the concepts and principles underpinning the market for health care and learn about the policy tools available for regulating the market and incentivising behaviour. Concepts such as competition, economics of scale, marginal and opportunity cost, efficiency and equity will be covered. The reasons why the health-care market can fail, including monopolies, problems with health insurance, adverse selection, moral hazard, information asymmetry and externalities will be discussed.

Using real-world examples, students will gain an understanding of the advantages and disadvantages of various policy options, including payment incentives/disincentives, co-payments, capitation, taxation, subsidies and regulation. The paper will conclude with an overview of different health systems and their comparative performance.

Paper title The Economics of Health Policy Decision Making
Paper code PUBH735
Subject Public Health
EFTS 0.1250
Points 15 points
Teaching period(s) 1st Non standard period (26 February 2018 - 13 April 2018), 1st Non standard period (26 February 2018 - 13 April 2018), 1st Non standard period (26 February 2018 - 13 April 2018)
Domestic Tuition Fees (NZD) $1,373.25
International Tuition Fees (NZD) $4,745.00

^ Top of page

Restriction
PUBH 704
Limited to
MA, MHealSc, MPH, MSc, DPH, PGDipArts, PGDipHealMgt, PGDipHealSc, PGDipPHC, PGCertPH, PGCertPHC
Notes
(i) PGCertPHC and PGDipPHC students require approval from the Board of Studies in Primary Health Care to enrol for this paper. (ii) This paper runs for the first half of first semester.
Eligibility
Students who have completed an undergraduate degree in any discipline or recognised equivalent.
Contact
Wellington Campus: publichealth.uow@otago.ac.nz
Christchurch Campus: publichealth.uoc@otago.ac.nz
Dunedin Campus: postgrad.publichealthdunedin@otago.ac.nz
Teaching staff
Wellington Campus: William Leung
Christchurch Campus: Dr Ian Sheerin
Dunedin Campus: Dr Trudy Sullivan (Overall Convenor)
Paper Structure
Topics:
  1. Introduction to health economics, cost analysis, and demand and supply analysis
  2. The demand for health care and analysis of policy options
  3. Health care markets and market failure
  4. Regulating the supply of medical care
  5. Health care supply, payment mechanisms and policy options
  6. Health care systems and comparative performance
Assessment:
  • Assignment 40%
  • Exam 60%
Teaching Arrangements
Friday mornings 9am - 12pm

Note: In lieu of Good Friday, 30 March, there will be a teaching session on Wednesday 28 March 1pm - 4pm.
Textbooks
Text to be confirmed. Please contact the Department.
Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Students who successfully complete the paper will
  • Demonstrate and apply understanding of basic microeconomic principles and concepts to selected issues in health-care decision making
  • Apply economic analysis to selected issues in health care markets and to options for government policy and regulation
  • Demonstrate and apply understanding of the economic context in which health services function, with particular reference to publicly funded health services in New Zealand
  • Demonstrate and apply economic analysis of selected types of health care markets, economic incentives/disincentives, payment options and different systems of financing health services

^ Top of page

Timetable

1st Non standard period (26 February 2018 - 13 April 2018)

Location
Christchurch
Teaching method
This paper is taught On Campus
Learning management system
Moodle

1st Non standard period (26 February 2018 - 13 April 2018)

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Moodle

Lecture

Stream Days Times Weeks
Attend
A1 Friday 09:00-11:50 9-12, 14-16

1st Non standard period (26 February 2018 - 13 April 2018)

Location
Wellington
Teaching method
This paper is taught On Campus
Learning management system
Moodle