BB1204 Health Economics is essentially the application of microeconomic theory to the health and health care. For serious applications, students need to know something about the institutions of the industry under study. Economics 420 provides this kind of serious application. For one thing, the health sector is a major employer in the San Fernado Valley in hospitals, health maintenace organizations and traditional insurance companies. The health sector is also interesting to study for other reasons.
Every diagnosis involves a comparison of risks.
Insurance to cover these risks is an important part of the study of health and health care. Physicans know much more about your need to purchase their services than you do. The governments of most countries around the world regulate health care more than almost any other industry. Moreover, nearly every country regulates health care in different ways. This makes health care an interesting market for studying the effects of regulation.