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ECON306 Economics of Health and Education

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The study of economic issues regarding the provision of, and demand for, health and education services.

After social welfare, health and education are the largest areas of government spending in most modern economies, including New Zealand. Together, health and education account for about 13% of New Zealand's gross domestic product (GDP). This paper is about the economic analysis of the health and education sectors, with particular emphasis on government policy concerning them. Theoretical foundations and techniques of economic evaluation and decision making are also covered (useful in a wide variety of jobs when you graduate!) These over-arching subject areas afford a special opportunity for the application of a wide range of microeconomic concepts and techniques (some covered in ECON 201) to significant real-world issues, such as health-care rationing, prioritisation, the 'value of life' and 'user-pays' (i.e. student fees and student loans) in education.

Paper title Economics of Health and Education
Paper code ECON306
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period Second Semester
Domestic Tuition Fees (NZD) $863.25
International Tuition Fees (NZD) $4,276.80

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Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
paul.hansen@otago.ac.nz
Teaching staff

Professor Paul Hansen

Textbooks

An up-to-date course book comprising a specially-selected collection of readings from textbooks, The Economist magazine and other sources will be available on eReserve.

Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Critical thinking, Ethics, Environmental literacy, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
  1. To apply the microeconomic tools and concepts introduced in BSNS 113 / ECON 112 / ECON 201 to the topics of health and education, including contemporary policy issues.
  2. To introduce you to new microeconomics tools and concepts, as required.
  3. To equip you with the skills to be able to understand and critique economic evaluations of health care programmes and to be able to apply these skills more generally (i.e. to any economic project appraisal).
  4. In general, to encourage you to develop analytical and decision-making skills, including modest technical and quantitative proficiencies.

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Timetable

Second Semester

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

Lecture

Stream Days Times Weeks
Attend
L1 Monday 11:00-11:50 28-34, 36-41
Wednesday 11:00-11:50 28-34, 36-41

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Friday 09:00-09:50 29, 31, 33, 37, 39, 41
T2 Friday 12:00-12:50 29, 31, 33, 37, 39, 41

The study of economic issues regarding the provision of, and demand for, health and education services.

After social welfare, health and education are the largest areas of government spending in most modern economies, including New Zealand. Together, health and education account for about 13% of New Zealand's gross domestic product (GDP). This paper is about the economic analysis of the health and education sectors, including government policy. Theoretical foundations and techniques of economic evaluation and decision making are also covered (useful in a wide variety of jobs when you graduate). ECON 306 is a great opportunity to apply a wide range of microeconomic concepts and techniques (e.g. some covered in ECON 201) to important real-world issues, such as healthcare rationing, priority setting, the 'value of life' and 'user-pays' (i.e. student fees and student loans) in education.

Paper title Economics of Health and Education
Paper code ECON306
Subject Economics
EFTS 0.15
Points 18 points
Teaching period Second Semester
Domestic Tuition Fees Tuition Fees for 2021 have not yet been set
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

^ Top of page

Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
paul.hansen@otago.ac.nz
Teaching staff

Professor Paul Hansen

Textbooks

An up-to-date course book comprising a specially-selected collection of readings from textbooks, The Economist magazine and other sources will be available on eReserve.

Graduate Attributes Emphasised
Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Critical thinking, Ethics, Environmental literacy, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes

Students who successfully complete this paper will

  1. Be able to apply the microeconomic tools and concepts introduced in first and second year Economics courses to the topics of health and education, including contemporary policy issues
  2. Be introduced to new microeconomics tools and concepts, as required
  3. Be equipped with the skills to be able to understand and critique economic evaluations of health care programmes and to be able to apply these skills more generally (i.e. to any economic project appraisal)
  4. Be encouraged to develop analytical and decision-making skills, including modest technical and quantitative proficiencies

^ Top of page

Timetable

Second Semester

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

Lecture

Stream Days Times Weeks
Attend
L1 Monday 11:00-11:50 28-34, 36-41
Wednesday 11:00-11:50 28-34, 36-41

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Friday 09:00-09:50 29, 31, 33, 37, 39, 41
T2 Friday 12:00-12:50 29, 31, 33, 37, 39, 41